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

The latest value for Imports of goods and services (current US$) in Mali was $6,222,141,000 as of 2020. Over the past 53 years, the value for this indicator has fluctuated between $6,558,445,000 in 2019 and $62,205,960 in 1968.

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
1967 $65,853,420
1968 $62,205,960
1969 $64,625,180
1970 $65,484,070
1971 $79,896,430
1972 $95,227,660
1973 $128,763,500
1974 $220,186,800
1975 $243,102,500
1976 $197,530,500
1977 $205,552,200
1978 $364,714,600
1979 $434,370,600
1980 $514,246,500
1981 $443,270,900
1982 $395,231,400
1983 $416,354,000
1984 $454,689,200
1985 $594,724,700
1986 $647,474,800
1987 $637,525,800
1988 $699,429,200
1989 $632,839,100
1990 $829,545,300
1991 $851,437,400
1992 $958,837,800
1993 $856,542,600
1994 $770,112,700
1995 $992,799,200
1996 $934,864,200
1997 $895,731,100
1998 $844,698,700
1999 $1,024,497,000
2000 $975,628,400
2001 $1,175,359,000
2002 $1,162,353,000
2003 $1,548,981,000
2004 $1,725,414,000
2005 $1,945,249,000
2006 $2,247,706,000
2007 $2,650,680,000
2008 $3,771,240,000
2009 $2,947,428,000
2010 $3,757,042,000
2011 $4,052,835,000
2012 $3,889,910,000
2013 $5,280,804,000
2014 $5,470,631,000
2015 $5,188,954,000
2016 $5,655,356,000
2017 $5,509,278,000
2018 $6,081,054,000
2019 $6,558,445,000
2020 $6,222,141,000

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