Rwanda - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in Rwanda was $2,776,828,000 as of 2016. Over the past 56 years, the value for this indicator has fluctuated between $2,897,465,000 in 2015 and $12,000,000 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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $12,000,000
1961 $12,000,000
1962 $16,000,000
1963 $16,200,000
1964 $16,400,000
1965 $25,200,000
1966 $24,902,860
1967 $24,593,000
1968 $26,070,000
1969 $27,090,000
1970 $33,500,000
1971 $37,610,080
1972 $40,062,970
1973 $39,083,910
1974 $65,821,690
1975 $101,216,600
1976 $123,695,700
1977 $131,860,000
1978 $215,559,900
1979 $252,391,600
1980 $331,033,100
1981 $306,102,700
1982 $339,856,000
1983 $307,168,300
1984 $312,153,000
1985 $341,193,200
1986 $391,947,100
1987 $412,959,400
1988 $421,685,700
1989 $415,791,800
1990 $358,799,600
1991 $345,146,600
1992 $370,561,900
1993 $404,237,000
1994 $488,303,900
1995 $334,008,600
1996 $362,153,700
1997 $475,297,200
1998 $461,714,700
1999 $446,185,400
2000 $431,105,100
2001 $406,328,000
2002 $397,589,100
2003 $435,223,300
2004 $517,794,700
2005 $650,744,500
2006 $786,644,700
2007 $965,344,500
2008 $1,450,127,000
2009 $1,596,041,000
2010 $1,732,030,000
2011 $1,985,652,000
2012 $2,331,127,000
2013 $2,434,136,000
2014 $2,638,365,000
2015 $2,897,465,000
2016 $2,776,828,000

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: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts