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

Imports of goods and services (% of GDP) in Peru was 21.10 as of 2020. Its highest value over the past 60 years was 28.71 in 2008, while its lowest value was 11.21 in 1989.

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 20.27
1961 22.20
1962 21.96
1963 21.58
1964 18.80
1965 18.99
1966 19.16
1967 20.17
1968 18.88
1969 16.82
1970 15.58
1971 14.78
1972 14.40
1973 15.35
1974 21.35
1975 21.36
1976 19.69
1977 22.12
1978 19.53
1979 18.58
1980 22.12
1981 22.72
1982 22.25
1983 21.50
1984 17.37
1985 18.73
1986 18.07
1987 14.69
1988 18.12
1989 11.21
1990 13.77
1991 14.46
1992 15.46
1993 16.32
1994 16.15
1995 18.33
1996 18.34
1997 18.99
1998 19.25
1999 17.81
2000 18.77
2001 18.46
2002 17.97
2003 18.61
2004 19.02
2005 20.51
2006 21.25
2007 24.17
2008 28.71
2009 21.67
2010 23.85
2011 25.49
2012 25.17
2013 24.98
2014 24.25
2015 23.88
2016 22.79
2017 22.79
2018 23.44
2019 22.89
2020 21.10

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