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

The latest value for Imports of goods and services (current US$) in Vanuatu was $402,516,900 as of 2014. Over the past 34 years, the value for this indicator has fluctuated between $411,285,900 in 2013 and $40,227,270 in 1981.

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
1980 $47,384,760
1981 $40,227,270
1982 $44,455,760
1983 $73,724,460
1984 $84,369,650
1985 $85,455,340
1986 $76,926,670
1987 $84,060,850
1988 $89,297,690
1989 $90,880,890
1990 $115,539,000
1991 $109,142,200
1992 $108,420,300
1993 $103,889,600
1994 $117,684,000
1995 $124,858,400
1996 $130,237,500
1997 $128,980,800
1998 $137,573,300
1999 $144,334,700
2000 $130,504,000
2001 $128,488,600
2002 $129,692,700
2003 $151,862,800
2004 $193,836,700
2005 $216,401,900
2006 $212,073,700
2007 $250,884,700
2008 $350,296,400
2009 $343,327,000
2010 $369,596,000
2011 $395,801,000
2012 $397,409,200
2013 $411,285,900
2014 $402,516,900

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