Transport services (% of service exports, BoP)

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.

Description: The map below shows how Transport services (% of service exports, BoP) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Belarus, with a value of 66.76. The country with the lowest value in the world is Guinea-Bissau, with a value of 0.16.

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

See also: Country ranking, Time series comparison

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