Kyrgyz Republic - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Kyrgyz Republic was 51.67 as of 2020. Its highest value over the past 30 years was 95.27 in 2012, while its lowest value was 36.65 in 1991.

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
1990 49.53
1991 36.65
1992 47.61
1993 41.18
1994 40.07
1995 42.36
1996 56.56
1997 46.19
1998 58.03
1999 57.00
2000 47.58
2001 37.02
2002 43.34
2003 45.25
2004 51.26
2005 56.78
2006 79.03
2007 84.15
2008 92.56
2009 78.68
2010 81.68
2011 81.64
2012 95.27
2013 91.78
2014 87.68
2015 75.77
2016 70.00
2017 66.36
2018 67.27
2019 64.14
2020 51.67

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