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
For that indicator, we provide data for San Marino from 2015 to 2021. The average value for San Marino during that period was 146.26 percent with a minimum of 140.42 percent in 2020 and a maximum of 158.16 percent in 2021. The latest value from 2021 is 158.16 percent. For comparison, the world average in 2021 based on 160 countries is 48.25 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
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.

Related articles

Why do countries run trade deficits?

Are trade deficits bad for the economy?



 Related indicators Latest value Reference Measure
 Trade openness 342.47 2021 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 184.31 2021 percent
 Exports, billion dollars 3.42 2021 billion U.S. dollars
 Growth of exports 29.45 2021 percent
 Imports, percent of GDP 158.16 2021 percent
 Imports, billion dollars 2.93 2021 billion U.S. dollars
 Portfolio investment inflows, equities -1.33 2021 million dollars (current)
 Current account, percent of GDP 6.47 2021 percent
 Trade balance, percent of GDP 26.16 2021 percent
 Trade balance, in dollars 0.49 2021 billion U.S. dollars
 Reserves 0.72 2022 billion U.S. dollars
 Remittances, percent of GDP 1.13 2021 percent
 Remittances 21.04 2022 million U.S. dollars
This site uses cookies.
Learn more here


OK