Tonga - Imports of goods and services (current US$)

The latest value for Imports of goods and services (current US$) in Tonga was $273,541,500 as of 2016. Over the past 41 years, the value for this indicator has fluctuated between $286,994,500 in 2012 and $17,009,780 in 1976.

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
1975 $23,020,680
1976 $17,009,780
1977 $19,519,960
1978 $28,212,890
1979 $31,178,960
1980 $36,066,960
1981 $41,854,750
1982 $40,111,570
1983 $42,100,000
1984 $40,447,560
1985 $43,380,820
1986 $47,652,410
1987 $52,761,520
1988 $71,192,860
1989 $66,790,620
1990 $73,924,990
1991 $80,059,380
1992 $67,147,210
1993 $65,851,160
1994 $89,714,440
1995 $113,125,300
1996 $128,182,500
1997 $109,624,100
1998 $112,420,200
1999 $69,911,010
2000 $78,968,270
2001 $81,835,750
2002 $100,992,100
2003 $114,643,000
2004 $130,587,200
2005 $148,874,800
2006 $151,728,600
2007 $173,799,200
2008 $181,534,100
2009 $201,533,600
2010 $222,624,800
2011 $259,268,400
2012 $286,994,500
2013 $282,037,900
2014 $254,912,300
2015 $281,830,000
2016 $273,541,500

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