World - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in World was 11.33 as of 2020. Its highest value over the past 39 years was 31.62 in 1992, while its lowest value was 11.33 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 22.78
1982 24.46
1983 24.39
1984 26.55
1985 27.14
1986 28.99
1987 30.46
1988 31.03
1989 30.59
1990 30.89
1991 30.53
1992 31.62
1993 30.76
1994 31.15
1995 30.46
1996 30.49
1997 29.74
1998 29.84
1999 29.62
2000 28.59
2001 27.67
2002 27.61
2003 27.29
2004 26.32
2005 25.12
2006 23.76
2007 23.33
2008 22.33
2009 22.83
2010 22.51
2011 22.32
2012 22.81
2013 23.26
2014 24.53
2015 24.44
2016 24.52
2017 24.57
2018 24.30
2019 23.58
2020 11.33

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