Imports of goods and services in Small states
Small states: Imports of goods and services was 209.35 billion BoP, current US$ in 2024. ◆ Volatile
Imports of goods and services in Small states, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Small states recorded 209.35 billion BoP, current US$ for imports of goods and services in 2024. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 64.2% over ten years.
Over the whole period, imports of goods and services in Small states peaked at 209.35 billion BoP, current US$ in 2024 and was at its lowest, 11.41 billion BoP, current US$, in 1979.
Small states ranks 43rd of 47 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Small states, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1979 | 11.41 billion BoP, current US$ | — |
| 1980 | 14.33 billion BoP, current US$ | +25.6% |
| 1981 | 14.55 billion BoP, current US$ | +1.5% |
| 1982 | 15.07 billion BoP, current US$ | +3.6% |
| 1983 | 14.50 billion BoP, current US$ | -3.8% |
| 1984 | 14.09 billion BoP, current US$ | -2.8% |
| 1985 | 13.63 billion BoP, current US$ | -3.3% |
| 1986 | 14.50 billion BoP, current US$ | +6.4% |
| 1987 | 16.66 billion BoP, current US$ | +14.9% |
| 1988 | 18.58 billion BoP, current US$ | +11.5% |
| 1989 | 20.04 billion BoP, current US$ | +7.9% |
| 1990 | 22.74 billion BoP, current US$ | +13.5% |
| 1991 | 23.72 billion BoP, current US$ | +4.3% |
| 1992 | 25.16 billion BoP, current US$ | +6.1% |
| 1993 | 24.45 billion BoP, current US$ | -2.8% |
| 1994 | 26.93 billion BoP, current US$ | +10.1% |
| 1995 | 32.25 billion BoP, current US$ | +19.8% |
| 1996 | 34.84 billion BoP, current US$ | +8.0% |
| 1997 | 37.01 billion BoP, current US$ | +6.2% |
| 1998 | 39.14 billion BoP, current US$ | +5.8% |
| 1999 | 39.00 billion BoP, current US$ | -0.4% |
| 2000 | 42.43 billion BoP, current US$ | +8.8% |
| 2001 | 41.35 billion BoP, current US$ | -2.5% |
| 2002 | 43.17 billion BoP, current US$ | +4.4% |
| 2003 | 50.51 billion BoP, current US$ | +17.0% |
| 2004 | 61.88 billion BoP, current US$ | +22.5% |
| 2005 | 71.39 billion BoP, current US$ | +15.4% |
| 2006 | 81.82 billion BoP, current US$ | +14.6% |
| 2007 | 96.36 billion BoP, current US$ | +17.8% |
| 2008 | 114.85 billion BoP, current US$ | +19.2% |
| 2009 | 90.89 billion BoP, current US$ | -20.9% |
| 2010 | 98.63 billion BoP, current US$ | +8.5% |
| 2011 | 119.99 billion BoP, current US$ | +21.7% |
| 2012 | 122.17 billion BoP, current US$ | +1.8% |
| 2013 | 128.91 billion BoP, current US$ | +5.5% |
| 2014 | 127.53 billion BoP, current US$ | -1.1% |
| 2015 | 115.90 billion BoP, current US$ | -9.1% |
| 2016 | 117.71 billion BoP, current US$ | +1.6% |
| 2017 | 127.45 billion BoP, current US$ | +8.3% |
| 2018 | 141.41 billion BoP, current US$ | +11.0% |
| 2019 | 143.75 billion BoP, current US$ | +1.7% |
| 2020 | 127.52 billion BoP, current US$ | -11.3% |
| 2021 | 162.56 billion BoP, current US$ | +27.5% |
| 2022 | 194.26 billion BoP, current US$ | +19.5% |
| 2023 | 199.37 billion BoP, current US$ | +2.6% |
| 2024 | 209.35 billion BoP, current US$ | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.41 billion BoP, current US$ | 11.41 billion BoP, current US$ | 11.41 billion BoP, current US$ | 1 |
| 1980s | 15.59 billion BoP, current US$ | 13.63 billion BoP, current US$ | 20.04 billion BoP, current US$ | 10 |
| 1990s | 30.53 billion BoP, current US$ | 22.74 billion BoP, current US$ | 39.14 billion BoP, current US$ | 10 |
| 2000s | 69.47 billion BoP, current US$ | 41.35 billion BoP, current US$ | 114.85 billion BoP, current US$ | 10 |
| 2010s | 124.34 billion BoP, current US$ | 98.63 billion BoP, current US$ | 143.75 billion BoP, current US$ | 10 |
| 2020s | 178.61 billion BoP, current US$ | 127.52 billion BoP, current US$ | 209.35 billion BoP, current US$ | 5 |
Countries ranked near Small states
- 40 Slovakia 131.22 billion BoP, current US$ compare
- 41 Finland 130.27 billion BoP, current US$ compare
- 42 South Africa 126.24 billion BoP, current US$ compare
- 43 Greece 122.33 billion BoP, current US$ compare
- 44 Egypt 115.08 billion BoP, current US$ compare
- 45 Chile 108.46 billion BoP, current US$ compare
- 46 Iraq 104.52 billion BoP, current US$ compare
More economy & growth data for Small states
- Industry (including construction), value added 9.8% (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9113 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added 8.84 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 3.7% (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 15,108 current US$ per person (2025)
- Manufacturing, value added 19.20 billion constant 2015 US$ (2024)
- Industry (including construction), value added 81.58 billion current US$ (2025)
- Industry (including construction), value added 72.77 billion constant 2015 US$ (2025)
- Services, value added 63.5% (2025)
- Services, value added 163.36 billion constant 2015 US$ (2025)
Frequently asked questions
- What is imports of goods and services in Small states?
- Imports of goods and services in Small states was 209.35 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 Small states?
- The highest recorded value was 209.35 billion BoP, current US$ in 2024.
- What is the lowest imports of goods and services recorded in Small states?
- The lowest recorded value was 11.41 billion BoP, current US$ in 1979.
- How does Small states rank for imports of goods and services?
- Small states ranks 43rd out of 47 groups with data for 2024.
- Is imports of goods and services rising or falling in Small states?
- Over the last ten years it is up 64.2%. The long-run trend across the full record is volatile.
- Where does this Small states 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.