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

Imports of goods and services (% of GDP) in Seychelles was 100.48 as of 2020. Its highest value over the past 44 years was 117.15 in 2012, while its lowest value was 42.38 in 1994.

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
1976 79.49
1977 70.91
1978 67.59
1979 66.36
1980 67.04
1981 60.21
1982 66.17
1983 59.83
1984 57.93
1985 58.49
1986 50.78
1987 45.41
1988 56.06
1989 54.05
1990 50.52
1991 45.98
1992 44.16
1993 50.29
1994 42.38
1995 45.83
1996 75.27
1997 60.47
1998 62.96
1999 69.62
2000 81.90
2001 103.60
2002 85.38
2003 86.52
2004 81.56
2005 100.01
2006 100.53
2007 91.81
2008 112.13
2009 117.03
2010 108.08
2011 111.39
2012 117.15
2013 92.00
2014 99.24
2015 86.12
2016 92.95
2017 100.47
2018 100.68
2019 95.15
2020 100.48

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