Iceland - Transport services

Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in Iceland was 28.89 as of 2010. Its highest value over the past 34 years was 65.25 in 1979, while its lowest value was 26.84 in 1993.

Definition: Transport (% of service imports, BoP) covers all transport services (sea, air, land, internal waterway, space, and pipeline) 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. Excluded are freight insurance, which is included in insurance services; goods procured in ports by nonresident carriers and repairs of transport equipment, which are included in goods; repairs of railway facilities, harbors, and airfield facilities, which are included in construction services; and rental of carriers without crew, which is included in other services. Services imports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the International Monetary Fund's (IMF) Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 54.69
1977 57.28
1978 61.17
1979 65.25
1980 63.43
1981 59.47
1982 59.35
1983 54.47
1984 50.11
1985 57.62
1986 44.46
1987 36.16
1988 38.03
1989 36.36
1990 30.20
1991 29.94
1992 27.83
1993 26.84
1994 28.99
1995 32.23
1996 33.70
1997 31.56
1998 33.22
1999 34.55
2000 35.50
2001 35.45
2002 37.85
2003 34.47
2004 37.97
2005 34.66
2006 29.88
2007 29.74
2008 31.76
2009 33.68
2010 28.89

Transport services (% of service exports, BoP)

Transport services (% of service exports, BoP) in Iceland was 48.44 as of 2010. Its highest value over the past 34 years was 56.76 in 1978, while its lowest value was 35.71 in 1992.

Definition: Transport (% of service exports, BoP) covers all transport services (sea, air, land, internal waterway, space, and pipeline) performed by residents of one economy for those of another and involving the carriage of passengers, movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Excluded are freight insurance, which is included in insurance services; goods procured in ports by nonresident carriers and repairs of transport equipment, which are included in goods; repairs of railway facilities, harbors, and airfield facilities, which are included in construction services; and rental of carriers without crew, which is included in other services. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 54.84
1977 55.02
1978 56.76
1979 56.15
1980 49.07
1981 52.81
1982 52.82
1983 48.53
1984 47.54
1985 54.91
1986 45.37
1987 39.79
1988 39.24
1989 37.51
1990 39.73
1991 39.44
1992 35.71
1993 39.12
1994 40.59
1995 38.91
1996 43.94
1997 43.06
1998 46.01
1999 45.82
2000 49.61
2001 47.97
2002 47.79
2003 47.58
2004 55.60
2005 52.92
2006 44.78
2007 44.28
2008 42.78
2009 45.51
2010 48.44

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments