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

Imports of goods and services (% of GDP) in Pakistan was 17.45 as of 2020. Its highest value over the past 60 years was 23.31 in 1980, while its lowest value was 8.65 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
1960 13.22
1961 14.02
1962 14.39
1963 15.81
1964 15.40
1965 16.99
1966 12.29
1967 13.57
1968 11.60
1969 10.56
1970 10.35
1971 10.48
1972 8.65
1973 14.22
1974 17.26
1975 20.70
1976 18.30
1977 17.86
1978 18.49
1979 21.82
1980 23.31
1981 22.33
1982 21.13
1983 22.51
1984 21.97
1985 22.60
1986 20.11
1987 19.09
1988 19.43
1989 20.35
1990 20.25
1991 18.49
1992 20.42
1993 22.30
1994 18.90
1995 19.42
1996 21.43
1997 20.77
1998 17.53
1999 16.97
2000 13.24
2001 14.29
2002 13.86
2003 14.63
2004 13.30
2005 17.84
2006 21.55
2007 19.78
2008 23.21
2009 19.68
2010 19.35
2011 18.97
2012 20.41
2013 20.06
2014 18.66
2015 17.05
2016 16.16
2017 17.60
2018 20.07
2019 20.26
2020 17.45

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