Definition of Imports Of Goods And Services (% of GDP)

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.

Related Indicators

• Imports Of Goods And Services (USD)
• Exports Of Goods And Services
• Percent Of World Imports
• Trade Balance (Percent of GDP)
• Percent Of World Exports