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

Travel services (% of service exports, BoP) in European Union was 9.17 as of 2020. Its highest value over the past 45 years was 34.87 in 1996, while its lowest value was 9.17 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 26.81
1976 24.50
1977 26.50
1978 27.41
1979 27.90
1980 27.27
1981 25.41
1982 26.40
1983 27.63
1984 28.68
1985 29.06
1986 30.55
1987 31.43
1988 31.96
1989 31.32
1990 30.70
1991 31.51
1992 32.60
1993 32.47
1994 34.19
1995 34.28
1996 34.87
1997 34.42
1998 34.87
1999 34.79
2000 33.69
2001 32.33
2002 30.53
2003 30.11
2004 28.48
2005 26.53
2006 25.84
2007 24.78
2008 23.73
2009 23.49
2010 22.08
2011 22.33
2012 21.61
2013 21.38
2014 20.76
2015 19.69
2016 19.75
2017 19.78
2018 19.32
2019 18.80
2020 9.17

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