United Kingdom - Transport services (% of service exports, BoP)

Transport services (% of service exports, BoP) in United Kingdom was 5.97 as of 2020. Its highest value over the past 50 years was 50.85 in 1971, while its lowest value was 5.97 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
1970 49.65
1971 50.85
1972 48.15
1973 49.10
1974 50.22
1975 45.16
1976 43.13
1977 40.32
1978 37.30
1979 39.05
1980 38.88
1981 36.59
1982 33.01
1983 29.25
1984 28.23
1985 25.80
1986 22.02
1987 21.74
1988 23.70
1989 24.60
1990 24.06
1991 22.48
1992 22.04
1993 21.49
1994 20.99
1995 20.11
1996 18.81
1997 18.03
1998 16.95
1999 14.13
2000 14.61
2001 14.19
2002 13.40
2003 12.82
2004 12.98
2005 12.09
2006 10.47
2007 9.56
2008 10.43
2009 8.56
2010 8.88
2011 9.44
2012 9.52
2013 8.82
2014 8.53
2015 8.68
2016 8.24
2017 8.02
2018 7.66
2019 8.03
2020 5.97

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