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

Imports of goods and services (% of GDP) in Turkey was 32.48 as of 2020. Its highest value over the past 60 years was 32.48 in 2020, while its lowest value was 3.67 in 1960.

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 3.67
1961 6.82
1962 7.97
1963 6.97
1964 5.47
1965 5.39
1966 5.67
1967 4.97
1968 5.08
1969 4.74
1970 6.36
1971 8.25
1972 8.54
1973 9.09
1974 11.27
1975 11.23
1976 10.67
1977 10.71
1978 7.29
1979 5.88
1980 11.93
1981 12.90
1982 15.02
1983 16.56
1984 19.67
1985 18.97
1986 16.10
1987 17.76
1988 17.55
1989 17.78
1990 17.58
1991 16.63
1992 17.35
1993 19.34
1994 20.38
1995 24.35
1996 27.83
1997 30.39
1998 19.73
1999 18.85
2000 22.47
2001 22.69
2002 22.88
2003 23.22
2004 25.20
2005 24.27
2006 26.37
2007 25.96
2008 26.98
2009 23.42
2010 25.50
2011 30.31
2012 28.47
2013 28.73
2014 28.56
2015 26.56
2016 25.24
2017 29.72
2018 31.40
2019 30.01
2020 32.48

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