Imports of goods and services in Least developed countries
Least developed countries: Imports of goods and services was 448.24 billion BoP, current US$ in 2024. ◆ Volatile
Imports of goods and services in Least developed countries, 1985–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Least developed countries recorded 448.24 billion BoP, current US$ for imports of goods and services in 2024.
That represents a change of up 6.1% on the previous year and up 36.1% over ten years.
Over the whole period, imports of goods and services in Least developed countries peaked at 459.19 billion BoP, current US$ in 2022 and was at its lowest, 23.79 billion BoP, current US$, in 1985.
That places Least developed countries 36th out of 45 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Least developed countries, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1985 | 23.79 billion BoP, current US$ | — |
| 1986 | 24.65 billion BoP, current US$ | +3.6% |
| 1987 | 26.15 billion BoP, current US$ | +6.1% |
| 1988 | 28.78 billion BoP, current US$ | +10.1% |
| 1989 | 29.66 billion BoP, current US$ | +3.1% |
| 1990 | 33.83 billion BoP, current US$ | +14.0% |
| 1991 | 32.84 billion BoP, current US$ | -2.9% |
| 1992 | 35.48 billion BoP, current US$ | +8.1% |
| 1993 | 34.72 billion BoP, current US$ | -2.1% |
| 1994 | 38.00 billion BoP, current US$ | +9.4% |
| 1995 | 46.45 billion BoP, current US$ | +22.2% |
| 1996 | 48.22 billion BoP, current US$ | +3.8% |
| 1997 | 49.85 billion BoP, current US$ | +3.4% |
| 1998 | 50.85 billion BoP, current US$ | +2.0% |
| 1999 | 52.63 billion BoP, current US$ | +3.5% |
| 2000 | 54.22 billion BoP, current US$ | +3.0% |
| 2001 | 57.27 billion BoP, current US$ | +5.6% |
| 2002 | 59.33 billion BoP, current US$ | +3.6% |
| 2003 | 69.95 billion BoP, current US$ | +17.9% |
| 2004 | 84.54 billion BoP, current US$ | +20.9% |
| 2005 | 104.63 billion BoP, current US$ | +23.8% |
| 2006 | 120.90 billion BoP, current US$ | +15.5% |
| 2007 | 154.11 billion BoP, current US$ | +27.5% |
| 2008 | 204.27 billion BoP, current US$ | +32.6% |
| 2009 | 190.46 billion BoP, current US$ | -6.8% |
| 2010 | 211.96 billion BoP, current US$ | +11.3% |
| 2011 | 260.30 billion BoP, current US$ | +22.8% |
| 2012 | 281.74 billion BoP, current US$ | +8.2% |
| 2013 | 307.14 billion BoP, current US$ | +9.0% |
| 2014 | 329.24 billion BoP, current US$ | +7.2% |
| 2015 | 292.82 billion BoP, current US$ | -11.1% |
| 2016 | 278.37 billion BoP, current US$ | -4.9% |
| 2017 | 305.41 billion BoP, current US$ | +9.7% |
| 2018 | 339.72 billion BoP, current US$ | +11.2% |
| 2019 | 334.17 billion BoP, current US$ | -1.6% |
| 2020 | 299.10 billion BoP, current US$ | -10.5% |
| 2021 | 390.30 billion BoP, current US$ | +30.5% |
| 2022 | 459.19 billion BoP, current US$ | +17.7% |
| 2023 | 422.52 billion BoP, current US$ | -8.0% |
| 2024 | 448.24 billion BoP, current US$ | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 26.60 billion BoP, current US$ | 23.79 billion BoP, current US$ | 29.66 billion BoP, current US$ | 5 |
| 1990s | 42.29 billion BoP, current US$ | 32.84 billion BoP, current US$ | 52.63 billion BoP, current US$ | 10 |
| 2000s | 109.97 billion BoP, current US$ | 54.22 billion BoP, current US$ | 204.27 billion BoP, current US$ | 10 |
| 2010s | 294.09 billion BoP, current US$ | 211.96 billion BoP, current US$ | 339.72 billion BoP, current US$ | 10 |
| 2020s | 403.87 billion BoP, current US$ | 299.10 billion BoP, current US$ | 459.19 billion BoP, current US$ | 5 |
Countries ranked near Least developed countries
- 33 Norway 178.65 billion BoP, current US$ compare
- 34 Romania 174.97 billion BoP, current US$ compare
- 35 Hungary 168.52 billion BoP, current US$ compare
- 36 Philippines 168.32 billion BoP, current US$ compare
- 37 Luxembourg 163.48 billion BoP, current US$ compare
- 38 Israel 155.47 billion BoP, current US$ compare
- 39 Portugal 136.98 billion BoP, current US$ compare
More economy & growth data for Least developed countries
- Gross value added at basic prices (GVA) 1.29 trillion constant 2015 US$ (2025)
- Trade in services 8.6% (2024)
- Industry (including construction), value added 29.7% (2025)
- Services, value added 737.78 billion current US$ (2025)
- Services, value added 622.97 billion constant 2015 US$ (2025)
- Services, value added 4.6% (2025)
- Services, value added 44.6% (2025)
- Inflation, GDP deflator 4.8% (2025)
- Gross value added at basic prices (GVA) 1.58 trillion current US$ (2025)
- GDP per capita growth 1.9% (2025)
Frequently asked questions
- What is imports of goods and services in Least developed countries?
- Imports of goods and services in Least developed countries was 448.24 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Least developed countries?
- The highest recorded value was 459.19 billion BoP, current US$ in 2022.
- What is the lowest imports of goods and services recorded in Least developed countries?
- The lowest recorded value was 23.79 billion BoP, current US$ in 1985.
- How does Least developed countries rank for imports of goods and services?
- Least developed countries ranks 36th out of 45 groups with data for 2024.
- Is imports of goods and services rising or falling in Least developed countries?
- Over the last ten years it is up 36.1%. The long-run trend across the full record is volatile.
- Where does this Least developed countries data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.