San Marino: Imports, percent of GDP

* indicates monthly or quarterly data series
 San Marino

Imports of goods and services as percent of GDP

 Latest value 158.16
 Year 2021
 Measure percent
 Data availability 2015 - 2021
 Average 146.26
 Min - Max 140.42 - 158.16
 Source The World Bank
The latest value from 2021 is 158.16 percent, an increase from 140.42 percent in 2020. In comparison, the world average is 48.23 percent, based on data from 168 countries. Historically, the average for San Marino from 2015 to 2021 is 146.26 percent. The minimum value, 140.42 percent, was reached in 2020 while the maximum of 158.16 percent was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
San Marino - Imports, percent of GDP - Recent values chart




The imports of San Marino and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Trade openness 370.44 2022 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 184.31 2021 percent
 Exports, billion dollars 3.62 2022 billion U.S. dollars
 Growth of exports 29.45 2021 percent
 Imports, percent of GDP 158.16 2021 percent
 Imports, billion dollars 3.17 2022 billion U.S. dollars
 Portfolio investment inflows, equities 5.48 2022 million dollars (current)
 Current account, percent of GDP 6.47 2021 percent
 Current account, in dollars 0.28 2022 billion U.S. dollars
 Trade balance, percent of GDP 26.16 2021 percent
 Trade balance, in dollars 0.45 2022 billion U.S. dollars
 Reserves 0.84 2023 billion U.S. dollars
 Remittances, percent of GDP 1.13 2021 percent
 Remittances 21.04 2023 million U.S. dollars
 Net errors and omissions -15.03 2022 million USD
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