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

Imports of goods and services (% of GDP) in Uganda was 21.59 as of 2020. Its highest value over the past 60 years was 31.98 in 2008, while its lowest value was 7.80 in 1977.

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 21.82
1961 21.64
1962 21.45
1963 23.88
1964 23.10
1965 24.36
1966 25.33
1967 24.39
1968 22.62
1969 20.34
1970 20.12
1971 23.96
1972 16.78
1973 13.15
1974 15.05
1975 10.92
1976 9.61
1977 7.80
1978 18.86
1979 17.53
1980 26.03
1981 22.06
1982 17.52
1983 13.64
1984 14.33
1985 15.01
1986 15.24
1987 18.04
1988 17.78
1989 18.09
1990 19.37
1991 21.94
1992 24.29
1993 21.18
1994 19.10
1995 20.83
1996 23.42
1997 20.80
1998 20.40
1999 23.77
2000 22.10
2001 23.81
2002 25.06
2003 25.20
2004 22.76
2005 24.81
2006 28.36
2007 30.05
2008 31.98
2009 28.45
2010 24.44
2011 26.90
2012 28.01
2013 26.60
2014 21.07
2015 24.81
2016 18.78
2017 20.18
2018 21.55
2019 22.25
2020 21.59

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