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

Imports of goods and services (% of GDP) in Morocco was 42.56 as of 2020. Its highest value over the past 60 years was 50.20 in 2012, while its lowest value was 16.89 in 1965.

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 22.70
1961 24.78
1962 21.09
1963 20.08
1964 19.14
1965 16.89
1966 19.37
1967 20.17
1968 20.05
1969 18.83
1970 21.58
1971 19.73
1972 19.22
1973 22.11
1974 28.19
1975 33.35
1976 36.73
1977 37.32
1978 30.07
1979 29.86
1980 28.01
1981 34.76
1982 33.74
1983 29.86
1984 34.73
1985 33.80
1986 28.40
1987 27.18
1988 25.14
1989 27.80
1990 30.07
1991 27.46
1992 28.09
1993 27.61
1994 26.38
1995 29.04
1996 25.26
1997 27.23
1998 27.39
1999 28.83
2000 32.37
2001 31.21
2002 31.62
2003 30.82
2004 33.49
2005 37.00
2006 38.74
2007 43.92
2008 49.93
2009 39.91
2010 43.01
2011 48.73
2012 50.20
2013 47.24
2014 47.14
2015 42.40
2016 45.51
2017 46.78
2018 49.20
2019 47.91
2020 42.56

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