Korea - Imports of goods and services (annual % growth)

The value for Imports of goods and services (annual % growth) in Korea was -3.33 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 49.53 in 1966 and a minimum value of -24.86 in 1964.

Definition: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts