Lower middle income - Travel services (% of service exports, BoP)

Travel services (% of service exports, BoP) in Lower middle income was 10.40 as of 2020. Its highest value over the past 39 years was 37.79 in 1992, while its lowest value was 10.40 in 2020.

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
1981 30.36
1982 29.95
1983 29.03
1984 26.26
1985 27.96
1986 30.68
1987 34.39
1988 36.23
1989 33.53
1990 32.53
1991 32.87
1992 37.79
1993 36.70
1994 34.20
1995 35.28
1996 34.06
1997 33.90
1998 33.55
1999 37.06
2000 35.74
2001 35.26
2002 32.20
2003 31.22
2004 29.39
2005 27.66
2006 27.11
2007 27.89
2008 25.63
2009 25.84
2010 24.20
2011 23.02
2012 23.03
2013 23.01
2014 23.37
2015 23.11
2016 22.75
2017 24.95
2018 25.22
2019 25.78
2020 10.40

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