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

Imports of goods and services (% of GDP) in Sweden was 39.98 as of 2020. Its highest value over the past 60 years was 43.62 in 2019, while its lowest value was 19.32 in 1967.

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 21.56
1961 19.96
1962 19.69
1963 19.80
1964 20.15
1965 20.75
1966 20.19
1967 19.32
1968 19.86
1969 21.20
1970 22.34
1971 21.00
1972 20.55
1973 22.33
1974 29.87
1975 25.68
1976 26.57
1977 26.32
1978 24.64
1979 28.45
1980 28.72
1981 27.91
1982 30.55
1983 31.24
1984 30.49
1985 31.33
1986 27.76
1987 28.59
1988 28.54
1989 29.46
1990 27.90
1991 24.99
1992 24.81
1993 27.72
1994 30.24
1995 31.48
1996 30.51
1997 32.88
1998 34.32
1999 34.79
2000 38.22
2001 37.67
2002 35.97
2003 34.92
2004 35.90
2005 38.74
2006 40.71
2007 41.55
2008 43.48
2009 38.05
2010 39.57
2011 40.52
2012 40.25
2013 38.29
2014 39.67
2015 39.96
2016 39.63
2017 41.20
2018 43.45
2019 43.62
2020 39.98

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