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

Imports of goods and services (% of GDP) in Mali was 35.63 as of 2020. Its highest value over the past 53 years was 42.72 in 1985, while its lowest value was 18.10 in 1968.

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
1967 23.90
1968 18.10
1969 19.01
1970 18.20
1971 20.22
1972 19.57
1973 22.84
1974 40.87
1975 29.26
1976 21.03
1977 19.58
1978 29.83
1979 27.23
1980 29.22
1981 28.80
1982 29.63
1983 32.08
1984 36.88
1985 42.72
1986 34.96
1987 30.49
1988 32.25
1989 29.01
1990 30.93
1991 31.26
1992 33.87
1993 30.39
1994 36.99
1995 36.68
1996 33.62
1997 33.21
1998 28.92
1999 29.78
2000 32.94
2001 33.89
2002 29.74
2003 32.86
2004 31.63
2005 31.14
2006 32.55
2007 32.50
2008 38.33
2009 28.81
2010 35.15
2011 31.19
2012 31.26
2013 39.88
2014 38.08
2015 39.60
2016 40.32
2017 35.85
2018 35.62
2019 37.95
2020 35.63

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