Imports of goods, services and primary income (BoP, current US$)

This indicator encompasses the total value of goods and services acquired from abroad, along with payments made for primary income, which includes earnings on investments and compensation of employees. Expressed in current U.S. dollars, it reflects the economic engagement of a country with the global market. A higher figure can indicate increased consumption of foreign products and services, which may signal robust domestic demand or a lack of local alternatives. Analyzing this metric over time can reveal trends in trade patterns, economic dependency, and potential impacts on the local economy, as well as provide insights into the balance of payments and overall economic health of a nation. Source: