European Union - Imports of goods and services (annual % growth)

The value for Imports of goods and services (annual % growth) in European Union was -8.27 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of 12.37 in 1976 and a minimum value of -11.77 in 2009.

Definition: Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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
1971 4.91
1972 8.95
1973 10.82
1974 2.79
1975 -5.23
1976 12.37
1977 2.62
1978 3.83
1979 9.68
1980 2.90
1981 -1.37
1982 0.65
1983 0.70
1984 6.01
1985 4.96
1986 4.79
1987 7.54
1988 6.61
1989 8.02
1990 4.14
1991 3.51
1992 3.86
1993 -3.96
1994 8.87
1995 8.52
1996 4.79
1997 10.37
1998 10.29
1999 7.26
2000 12.17
2001 2.51
2002 1.02
2003 3.41
2004 7.66
2005 6.59
2006 9.26
2007 7.72
2008 1.07
2009 -11.77
2010 9.76
2011 4.73
2012 -0.92
2013 1.47
2014 5.26
2015 7.59
2016 4.54
2017 5.56
2018 4.18
2019 4.61
2020 -8.27

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts