St. Lucia - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in St. Lucia was $738,362,400 as of 2016. Over the past 37 years, the value for this indicator has fluctuated between $820,280,300 in 2008 and $98,888,890 in 1983.

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
1979 $105,407,400
1980 $113,333,300
1981 $117,037,000
1982 $108,518,500
1983 $98,888,890
1984 $112,222,200
1985 $136,666,700
1986 $184,800,000
1987 $208,148,100
1988 $260,600,000
1989 $318,200,000
1990 $334,300,000
1991 $360,000,000
1992 $365,900,000
1993 $362,100,000
1994 $369,400,000
1995 $387,037,000
1996 $390,000,000
1997 $414,292,600
1998 $427,407,400
1999 $457,407,400
2000 $445,948,200
2001 $402,704,400
2002 $400,962,800
2003 $499,704,400
2004 $500,296,600
2005 $594,847,600
2006 $706,686,000
2007 $747,386,500
2008 $820,280,300
2009 $647,960,500
2010 $787,424,800
2011 $816,224,100
2012 $751,593,500
2013 $736,174,800
2014 $743,133,600
2015 $687,823,800
2016 $738,362,400

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