Jordan - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Jordan was 41.65 as of 2020. Its highest value over the past 44 years was 98.54 in 1981, while its lowest value was 41.65 in 2020.

Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1976 79.76
1977 82.91
1978 79.82
1979 86.74
1980 85.31
1981 98.54
1982 94.29
1983 81.34
1984 79.55
1985 76.26
1986 53.54
1987 57.71
1988 64.68
1989 74.40
1990 89.62
1991 79.87
1992 81.41
1993 80.15
1994 70.46
1995 72.86
1996 78.17
1997 71.49
1998 64.26
1999 61.17
2000 68.50
2001 67.15
2002 66.62
2003 68.33
2004 82.43
2005 94.21
2006 87.87
2007 91.76
2008 84.86
2009 67.08
2010 67.23
2011 72.15
2012 72.63
2013 70.16
2014 67.80
2015 58.81
2016 54.33
2017 55.63
2018 53.38
2019 49.35
2020 41.65

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts