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

Imports of goods and services (% of GDP) in Thailand was 46.53 as of 2020. Its highest value over the past 60 years was 69.45 in 2005, while its lowest value was 17.11 in 1961.

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 17.42
1961 17.11
1962 17.65
1963 18.38
1964 18.78
1965 18.06
1966 17.95
1967 20.21
1968 20.68
1969 20.06
1970 19.38
1971 18.81
1972 19.18
1973 20.05
1974 23.96
1975 22.97
1976 22.71
1977 25.38
1978 24.11
1979 29.30
1980 30.37
1981 30.12
1982 24.63
1983 27.27
1984 26.17
1985 25.94
1986 23.57
1987 28.33
1988 34.40
1989 37.49
1990 41.65
1991 42.51
1992 40.98
1993 40.93
1994 43.01
1995 48.22
1996 45.26
1997 46.81
1998 42.30
1999 44.27
2000 56.46
2001 57.02
2002 54.32
2003 55.17
2004 61.44
2005 69.45
2006 65.41
2007 61.00
2008 69.02
2009 54.83
2010 60.76
2011 68.82
2012 68.72
2013 65.29
2014 62.51
2015 57.20
2016 53.50
2017 54.22
2018 56.02
2019 50.14
2020 46.53

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