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

Imports of goods and services (% of GDP) in Fiji was 43.49 as of 2020. Its highest value over the past 40 years was 73.99 in 2008, while its lowest value was 39.47 in 1986.

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
1980 51.93
1981 57.44
1982 49.63
1983 49.04
1984 43.90
1985 44.71
1986 39.47
1987 42.06
1988 51.31
1989 60.36
1990 67.16
1991 60.50
1992 54.89
1993 59.43
1994 59.44
1995 58.85
1996 58.86
1997 58.55
1998 58.43
1999 61.60
2000 70.51
2001 69.04
2002 64.25
2003 68.71
2004 70.92
2005 63.67
2006 67.97
2007 61.79
2008 73.99
2009 59.43
2010 63.79
2011 65.19
2012 64.18
2013 69.48
2014 58.48
2015 52.35
2016 50.53
2017 50.94
2018 55.52
2019 58.43
2020 43.49

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