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

Imports of goods and services (% of GDP) in Netherlands was 67.45 as of 2020. Its highest value over the past 51 years was 75.16 in 2015, while its lowest value was 39.33 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
1969 39.89
1970 43.30
1971 41.97
1972 39.33
1973 40.75
1974 45.65
1975 42.96
1976 44.22
1977 43.73
1978 42.57
1979 46.69
1980 49.41
1981 49.98
1982 49.60
1983 50.23
1984 52.14
1985 54.58
1986 46.35
1987 46.22
1988 48.25
1989 51.01
1990 49.62
1991 50.00
1992 48.62
1993 46.33
1994 48.22
1995 50.60
1996 51.34
1997 53.98
1998 53.21
1999 54.50
2000 59.49
2001 56.74
2002 53.31
2003 52.64
2004 54.93
2005 57.17
2006 59.59
2007 61.68
2008 61.27
2009 54.65
2010 61.72
2011 66.97
2012 69.77
2013 69.67
2014 69.48
2015 75.16
2016 69.32
2017 72.64
2018 74.14
2019 72.73
2020 67.45

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