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

Imports of goods and services (% of GDP) in Pakistan was 19.75 as of 2018. Its highest value over the past 51 years was 24.10 in 1980, while its lowest value was 12.79 in 1971.

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
1967 18.11
1968 14.77
1969 13.87
1970 14.67
1971 12.79
1972 16.98
1973 16.30
1974 20.78
1975 22.39
1976 19.37
1977 19.02
1978 18.48
1979 22.76
1980 24.10
1981 23.01
1982 21.76
1983 22.98
1984 22.63
1985 22.81
1986 22.67
1987 21.00
1988 21.67
1989 21.75
1990 23.37
1991 18.56
1992 20.53
1993 22.44
1994 19.04
1995 19.42
1996 21.43
1997 20.77
1998 17.53
1999 16.97
2000 14.69
2001 15.71
2002 15.31
2003 16.13
2004 14.63
2005 19.56
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 19.75

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