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

Travel services (% of service exports, BoP) in World was 10.41 as of 2020. Its highest value over the past 38 years was 34.30 in 1995, while its lowest value was 10.41 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
1982 25.96
1983 26.56
1984 28.73
1985 29.24
1986 30.52
1987 31.53
1988 32.51
1989 32.95
1990 32.84
1991 32.94
1992 33.93
1993 34.04
1994 34.08
1995 34.30
1996 32.84
1997 31.06
1998 30.72
1999 30.33
2000 29.28
2001 28.45
2002 27.69
2003 27.74
2004 26.99
2005 26.09
2006 25.10
2007 24.21
2008 23.53
2009 24.05
2010 23.89
2011 23.77
2012 23.86
2013 24.26
2014 23.83
2015 23.86
2016 24.06
2017 23.96
2018 23.63
2019 23.41
2020 10.41

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