Kiribati - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in Kiribati was $173,580,100 as of 2016. Over the past 44 years, the value for this indicator has fluctuated between $174,968,100 in 2015 and $7,461,078 in 1972.

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. Data are in current U.S. dollars.

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

See also:

Year Value
1972 $7,461,078
1973 $12,462,550
1974 $20,382,540
1975 $15,320,070
1976 $14,676,770
1977 $14,801,510
1978 $20,887,030
1979 $25,397,940
1980 $19,106,810
1981 $30,632,960
1982 $26,881,430
1983 $22,813,330
1984 $21,883,810
1985 $14,818,350
1986 $13,489,310
1987 $36,961,210
1988 $37,073,520
1989 $39,542,940
1990 $46,922,490
1991 $44,998,600
1992 $58,870,810
1993 $48,502,650
1994 $44,897,430
1995 $58,672,500
1996 $61,460,210
1997 $61,702,240
1998 $52,359,340
1999 $64,800,000
2000 $62,685,880
2001 $61,705,650
2002 $79,426,000
2003 $83,956,420
2004 $93,162,600
2005 $124,798,600
2006 $98,644,580
2007 $116,267,800
2008 $124,120,000
2009 $114,252,500
2010 $122,459,600
2011 $151,977,000
2012 $174,572,400
2013 $173,633,500
2014 $169,821,500
2015 $174,968,100
2016 $173,580,100

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: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts