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

Imports of goods and services (% of GDP) in Kenya was 17.68 as of 2020. Its highest value over the past 60 years was 40.90 in 1974, while its lowest value was 17.68 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
1960 33.67
1961 31.13
1962 30.13
1963 28.96
1964 29.21
1965 30.70
1966 30.87
1967 29.37
1968 29.30
1969 28.09
1970 30.66
1971 35.19
1972 28.73
1973 28.67
1974 40.90
1975 34.51
1976 31.76
1977 31.59
1978 38.69
1979 31.61
1980 35.90
1981 33.82
1982 31.56
1983 28.21
1984 32.05
1985 30.15
1986 29.89
1987 26.40
1988 27.60
1989 30.12
1990 31.33
1991 28.56
1992 26.67
1993 33.95
1994 34.23
1995 39.15
1996 32.11
1997 31.37
1998 28.73
1999 27.36
2000 31.72
2001 33.02
2002 30.27
2003 30.05
2004 32.87
2005 35.97
2006 32.25
2007 31.98
2008 34.90
2009 27.17
2010 30.27
2011 36.85
2012 31.76
2013 29.67
2014 29.70
2015 25.20
2016 21.62
2017 23.26
2018 21.87
2019 20.30
2020 17.68

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