Iceland - Travel services (% of service exports, BoP)

Travel services (% of service exports, BoP) in Iceland was 23.20 as of 2020. Its highest value over the past 44 years was 47.91 in 2018, while its lowest value was 7.03 in 1981.

Definition: Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 7.07
1977 7.21
1978 7.10
1979 7.41
1980 8.11
1981 7.03
1982 7.13
1983 7.62
1984 10.00
1985 10.80
1986 13.17
1987 15.87
1988 19.96
1989 20.76
1990 27.18
1991 25.29
1992 24.30
1993 23.79
1994 23.68
2009 20.55
2010 18.63
2011 21.78
2012 24.77
2013 27.07
2014 32.41
2015 37.33
2016 44.94
2017 47.58
2018 47.91
2019 47.41
2020 23.20

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments