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

Transport services (% of service exports, BoP) in European Union was 17.55 as of 2020. Its highest value over the past 45 years was 32.40 in 1976, while its lowest value was 17.55 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 29.19
1976 32.40
1977 31.69
1978 29.59
1979 30.66
1980 31.20
1981 31.87
1982 30.61
1983 29.40
1984 29.17
1985 28.29
1986 26.46
1987 25.88
1988 27.22
1989 27.34
1990 25.36
1991 24.47
1992 23.39
1993 24.26
1994 24.42
1995 24.23
1996 24.00
1997 24.42
1998 23.46
1999 22.39
2000 22.75
2001 22.69
2002 22.40
2003 22.03
2004 22.94
2005 22.59
2006 23.14
2007 23.73
2008 24.44
2009 21.76
2010 22.98
2011 22.27
2012 21.70
2013 20.15
2014 19.48
2015 18.89
2016 17.94
2017 18.30
2018 18.33
2019 18.10
2020 17.55

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