Korea - Travel services
Travel services (% of service imports, BoP)
Travel services (% of service imports, BoP) in Korea was 13.42 as of 2021. Its highest value over the past 45 years was 28.40 in 2002, while its lowest value was 3.86 in 1976.
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 | 3.86 |
| 1977 | 5.09 |
| 1978 | 6.51 |
| 1979 | 11.56 |
| 1980 | 9.35 |
| 1981 | 10.68 |
| 1982 | 15.84 |
| 1983 | 13.91 |
| 1984 | 14.27 |
| 1985 | 16.74 |
| 1986 | 14.97 |
| 1987 | 12.89 |
| 1988 | 19.49 |
| 1989 | 27.61 |
| 1990 | 26.90 |
| 1991 | 26.32 |
| 1992 | 23.61 |
| 1993 | 23.40 |
| 1994 | 24.25 |
| 1995 | 24.56 |
| 1996 | 25.28 |
| 1997 | 23.69 |
| 1998 | 14.13 |
| 1999 | 17.95 |
| 2000 | 21.35 |
| 2001 | 23.05 |
| 2002 | 28.40 |
| 2003 | 24.88 |
| 2004 | 24.54 |
| 2005 | 25.88 |
| 2006 | 26.85 |
| 2007 | 26.00 |
| 2008 | 19.57 |
| 2009 | 18.36 |
| 2010 | 19.36 |
| 2011 | 19.41 |
| 2012 | 19.08 |
| 2013 | 19.74 |
| 2014 | 20.13 |
| 2015 | 22.54 |
| 2016 | 24.29 |
| 2017 | 25.07 |
| 2018 | 26.41 |
| 2019 | 25.05 |
| 2020 | 15.43 |
| 2021 | 13.42 |
Travel services (% of service exports, BoP)
Travel services (% of service exports, BoP) in Korea was 8.63 as of 2021. Its highest value over the past 45 years was 33.62 in 1989, while its lowest value was 7.00 in 1982.
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 | 18.01 |
| 1977 | 13.29 |
| 1978 | 10.05 |
| 1979 | 7.42 |
| 1980 | 7.35 |
| 1981 | 7.28 |
| 1982 | 7.00 |
| 1983 | 8.69 |
| 1984 | 9.69 |
| 1985 | 13.19 |
| 1986 | 24.18 |
| 1987 | 25.85 |
| 1988 | 33.36 |
| 1989 | 33.62 |
| 1990 | 29.29 |
| 1991 | 25.50 |
| 1992 | 22.85 |
| 1993 | 21.06 |
| 1994 | 18.51 |
| 1995 | 21.09 |
| 1996 | 19.54 |
| 1997 | 16.75 |
| 1998 | 25.18 |
| 1999 | 24.23 |
| 2000 | 20.99 |
| 2001 | 20.73 |
| 2002 | 19.12 |
| 2003 | 14.97 |
| 2004 | 13.39 |
| 2005 | 11.47 |
| 2006 | 10.03 |
| 2007 | 8.55 |
| 2008 | 10.69 |
| 2009 | 13.47 |
| 2010 | 12.37 |
| 2011 | 13.65 |
| 2012 | 12.87 |
| 2013 | 13.93 |
| 2014 | 15.60 |
| 2015 | 15.18 |
| 2016 | 17.81 |
| 2017 | 14.90 |
| 2018 | 17.91 |
| 2019 | 20.10 |
| 2020 | 11.47 |
| 2021 | 8.63 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: Balance of payments
