European Union - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in European Union was 8.21 as of 2020. Its highest value over the past 45 years was 32.65 in 1996, while its lowest value was 8.21 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
1975 28.52
1976 26.47
1977 27.56
1978 28.20
1979 28.18
1980 28.29
1981 25.66
1982 25.70
1983 25.60
1984 25.53
1985 26.20
1986 29.68
1987 31.24
1988 31.62
1989 30.67
1990 31.01
1991 31.22
1992 32.39
1993 31.22
1994 32.35
1995 32.15
1996 32.65
1997 31.72
1998 31.22
1999 30.50
2000 29.45
2001 28.06
2002 27.79
2003 28.02
2004 25.57
2005 23.95
2006 22.72
2007 22.16
2008 21.69
2009 21.83
2010 20.85
2011 20.66
2012 19.85
2013 19.59
2014 19.27
2015 16.82
2016 16.93
2017 17.43
2018 17.39
2019 16.54
2020 8.21

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