Imports (% of GDP)

Imports are a component of Gross Domestic Product (GDP), representing the total value of goods or services purchased from other countries. This webpage presents the percentage of imports in relation to the total nominal GDP.Countries with a high proportion of imports in GDP usually indicate that the country is more dependent on external supplies. This may be due to the country's lack of certain resources or manufacturing capabilities, or it may be because the country's residents have strong spending power and strong demand. On the other hand, a country with a low import-to-GDP ratio may indicate that its economy is more self-sufficient or that its export-oriented economy is dominant.