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

Imports of goods and services (% of GDP) in France was 29.89 as of 2020. Its highest value over the past 60 years was 32.72 in 2018, while its lowest value was 11.96 in 1962.

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 12.38
1961 12.26
1962 11.96
1963 12.23
1964 12.91
1965 12.39
1966 12.99
1967 13.12
1968 13.39
1969 14.70
1970 15.44
1971 15.53
1972 15.85
1973 16.88
1974 21.73
1975 17.86
1976 20.26
1977 20.40
1978 19.20
1979 20.32
1980 22.52
1981 23.44
1982 23.85
1983 22.70
1984 23.71
1985 23.69
1986 20.50
1987 20.70
1988 21.03
1989 22.34
1990 21.76
1991 21.65
1992 20.66
1993 19.11
1994 20.17
1995 21.02
1996 21.27
1997 22.51
1998 23.38
1999 23.68
2000 27.27
2001 26.69
2002 25.54
2003 24.69
2004 25.46
2005 26.95
2006 28.17
2007 28.57
2008 29.28
2009 25.63
2010 28.08
2011 30.37
2012 30.50
2013 30.40
2014 30.81
2015 31.16
2016 30.85
2017 32.01
2018 32.72
2019 32.55
2020 29.89

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