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

Imports of goods and services (% of GDP) in Malta was 130.97 as of 2020. Its highest value over the past 50 years was 159.56 in 2012, while its lowest value was 67.46 in 1972.

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
1970 71.36
1971 68.94
1972 67.46
1973 75.91
1974 101.08
1975 86.33
1976 86.49
1977 90.43
1978 80.53
1979 84.62
1980 86.41
1981 80.57
1982 76.56
1983 73.66
1984 76.48
1985 79.15
1986 73.82
1987 78.47
1988 79.91
1989 82.47
1990 88.65
1991 87.87
1992 88.71
1993 94.09
1994 95.74
1995 131.91
1996 123.88
1997 116.12
1998 115.94
1999 116.49
2000 128.38
2001 112.83
2002 110.50
2003 110.37
2004 109.52
2005 114.02
2006 130.43
2007 133.07
2008 150.32
2009 147.93
2010 150.89
2011 159.12
2012 159.56
2013 148.36
2014 137.83
2015 144.85
2016 139.16
2017 133.29
2018 126.43
2019 128.33
2020 130.97

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