Macao SAR, China - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Macao SAR, China was 59.48 as of 2020. Its highest value over the past 38 years was 101.71 in 1983, while its lowest value was 30.77 in 2013.

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
1982 99.54
1983 101.71
1984 97.12
1985 92.27
1986 96.63
1987 91.78
1988 89.55
1989 86.65
1990 77.41
1991 76.89
1992 65.03
1993 58.41
1994 56.85
1995 51.38
1996 48.33
1997 49.33
1998 50.69
1999 56.05
2000 58.50
2001 58.80
2002 59.12
2003 57.93
2004 54.13
2005 51.99
2006 50.24
2007 51.79
2008 46.91
2009 35.05
2010 32.52
2011 32.55
2012 32.94
2013 30.77
2014 32.99
2015 39.99
2016 35.54
2017 34.31
2018 33.10
2019 31.87
2020 59.48

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