
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.
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* indicates monthly or quarterly data series
Recent data
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.
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
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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 |