Costa Rica - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Costa Rica was 29.82 as of 2020. Its highest value over the past 60 years was 48.18 in 1981, while its lowest value was 25.06 in 1961.

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 26.08
1961 25.06
1962 26.05
1963 27.13
1964 28.57
1965 33.19
1966 30.77
1967 31.22
1968 32.46
1969 31.95
1970 34.58
1971 37.11
1972 36.61
1973 36.87
1974 48.12
1975 38.55
1976 34.91
1977 36.33
1978 36.03
1979 37.19
1980 36.82
1981 48.18
1982 42.16
1983 36.78
1984 33.97
1985 32.48
1986 30.50
1987 35.77
1988 35.81
1989 38.73
1990 41.09
1991 38.03
1992 40.81
1993 43.32
1994 42.11
1995 41.65
1996 44.05
1997 46.00
1998 48.08
1999 44.98
2000 43.59
2001 40.34
2002 41.19
2003 42.66
2004 43.05
2005 45.76
2006 46.50
2007 45.87
2008 47.60
2009 35.13
2010 34.68
2011 36.17
2012 35.40
2013 33.47
2014 33.83
2015 30.76
2016 30.92
2017 32.31
2018 33.21
2019 32.13
2020 29.82

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