Syrian Arab Republic - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Syrian Arab Republic was 28.28 as of 2019. Its highest value over the past 59 years was 47.25 in 2014, while its lowest value was 17.04 in 1965.

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 27.80
1961 22.38
1962 21.56
1963 21.17
1964 19.21
1965 17.04
1966 22.99
1967 19.15
1968 20.52
1969 21.69
1970 21.06
1971 22.34
1972 23.70
1973 25.77
1974 33.75
1975 33.97
1976 34.29
1977 40.66
1978 31.23
1979 36.01
1980 35.44
1981 32.97
1982 24.93
1983 26.67
1984 24.00
1985 25.44
1986 22.25
1987 28.94
1988 26.00
1989 30.10
1990 27.95
1991 32.07
1992 37.63
1993 40.90
1994 45.39
1995 37.94
1996 38.09
1997 33.80
1998 30.90
1999 31.99
2000 29.17
2001 30.48
2002 31.89
2003 29.34
2004 37.67
2005 39.09
2006 35.19
2007 37.78
2008 36.67
2009 30.88
2010 31.84
2011 31.33
2012 27.65
2013 36.93
2014 47.25
2015 36.91
2016 45.51
2017 41.87
2018 35.71
2019 28.28

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