The Gambia - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in The Gambia was $404,200,800 as of 2016. Over the past 50 years, the value for this indicator has fluctuated between $457,648,600 in 2015 and $19,266,560 in 1966.

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
1966 $19,266,560
1967 $22,035,470
1968 $20,989,200
1969 $23,077,470
1970 $21,394,040
1971 $20,720,630
1972 $24,111,730
1973 $31,865,480
1974 $41,878,370
1975 $50,236,390
1976 $52,005,300
1977 $65,618,400
1978 $102,909,600
1979 $131,010,600
1980 $153,323,600
1981 $146,040,700
1982 $128,849,100
1983 $133,366,200
1984 $114,896,400
1985 $121,703,200
1986 $104,144,400
1987 $130,802,600
1988 $155,879,200
1989 $185,466,000
1990 $226,976,800
1991 $239,290,800
1992 $263,205,800
1993 $275,121,700
1994 $214,067,400
1995 $279,038,000
1996 $247,309,700
1997 $204,004,000
1998 $240,030,700
1999 $228,252,400
2000 $239,267,900
2001 $172,597,800
2002 $187,843,200
2003 $183,930,200
2004 $282,224,400
2005 $309,491,100
2006 $309,280,000
2007 $336,041,900
2008 $384,430,700
2009 $377,495,900
2010 $406,564,700
2011 $368,898,500
2012 $402,950,500
2013 $369,402,000
2014 $404,385,700
2015 $457,648,600
2016 $404,200,800

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