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

Imports of goods and services (% of GDP) in Niger was 31.53 as of 2016. Its highest value over the past 56 years was 49.09 in 2010, while its lowest value was 7.41 in 1960.

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 7.41
1961 9.71
1962 12.95
1963 10.32
1964 14.10
1965 14.02
1966 16.09
1967 14.37
1968 14.31
1969 16.47
1970 18.10
1971 15.60
1972 20.49
1973 23.74
1974 28.97
1975 30.99
1976 34.34
1977 29.33
1978 27.83
1979 36.87
1980 38.13
1981 36.20
1982 36.10
1983 26.91
1984 26.97
1985 32.84
1986 20.69
1987 25.18
1988 23.59
1989 23.30
1990 21.60
1991 18.73
1992 17.84
1993 18.10
1994 26.88
1995 24.80
1996 25.86
1997 24.64
1998 26.32
1999 23.23
2000 25.69
2001 24.61
2002 26.49
2003 24.79
2004 27.91
2005 30.80
2006 29.51
2007 29.93
2008 35.69
2009 46.86
2010 49.09
2011 47.79
2012 39.36
2013 39.08
2014 39.28
2015 40.85
2016 31.53

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