European Union - Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in European Union was 16.98 as of 2020. Its highest value over the past 45 years was 35.90 in 1976, while its lowest value was 16.98 in 2020.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

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

See also:

Year Value
1975 32.28
1976 35.90
1977 34.47
1978 33.77
1979 34.02
1980 32.73
1981 34.62
1982 33.53
1983 33.07
1984 33.71
1985 32.32
1986 29.34
1987 29.05
1988 29.60
1989 30.49
1990 27.20
1991 27.15
1992 25.16
1993 24.90
1994 25.58
1995 25.38
1996 24.97
1997 24.96
1998 23.89
1999 22.84
2000 23.24
2001 22.76
2002 23.03
2003 23.11
2004 23.79
2005 22.32
2006 22.88
2007 23.31
2008 23.66
2009 20.61
2010 22.37
2011 22.30
2012 21.88
2013 21.08
2014 19.97
2015 18.49
2016 17.86
2017 18.09
2018 18.54
2019 17.34
2020 16.98

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