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

Imports of goods and services (% of GDP) in Malaysia was 54.99 as of 2020. Its highest value over the past 60 years was 100.60 in 2000, while its lowest value was 35.85 in 1973.

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 39.26
1961 41.58
1962 43.14
1963 43.99
1964 42.35
1965 40.42
1966 38.56
1967 38.53
1968 39.71
1969 37.02
1970 41.32
1971 39.03
1972 37.36
1973 35.85
1974 48.08
1975 45.10
1976 41.37
1977 42.63
1978 43.49
1979 47.14
1980 55.04
1981 58.52
1982 59.59
1983 56.49
1984 52.36
1985 49.78
1986 50.20
1987 49.03
1988 56.21
1989 65.31
1990 72.42
1991 81.49
1992 74.63
1993 79.02
1994 90.75
1995 98.02
1996 90.19
1997 92.38
1998 93.75
1999 96.26
2000 100.60
2001 92.96
2002 91.05
2003 87.25
2004 95.00
2005 90.96
2006 90.39
2007 86.30
2008 77.17
2009 71.14
2010 71.01
2011 69.68
2012 68.54
2013 67.09
2014 64.52
2015 61.92
2016 60.12
2017 63.14
2018 61.85
2019 57.73
2020 54.99

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