Travel services (% of commercial service exports) - Country Ranking

Definition: Travel services (% of commercial service exports) covers goods and services acquired from an economy by travelers in that economy for their own use during visits of less than one year for business or personal purposes. Travel services include the goods and services consumed by travelers, such as lodging and meals and transport (within the economy visited).

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

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Macao SAR, China 96.00 2014
2 Angola 94.51 2014
3 Rwanda 93.36 2014
4 Haiti 89.82 2014
5 Syrian Arab Republic 87.92 2010
6 St. Lucia 87.20 2013
7 The Bahamas 87.03 2014
8 Dominican Republic 84.25 2014
9 Belize 81.62 2014
10 São Tomé and Principe 80.52 2014
11 Vanuatu 80.42 2014
12 Jamaica 79.76 2014
13 Cambodia 79.52 2014
14 Botswana 78.41 2014
15 Lao PDR 78.30 2013
16 Mexico 76.87 2014
17 Zambia 75.40 2014
18 Grenada 74.77 2013
19 Samoa 73.70 2014
20 Tuvalu 72.96 2013
21 Croatia 72.21 2014
22 Dominica 71.28 2013
23 Saudi Arabia 70.64 2014
24 Barbados 70.21 2013
25 St. Kitts and Nevis 69.89 2013
26 Thailand 69.89 2014
27 Albania 69.23 2014
28 Sudan 68.41 2014
29 Bhutan 68.35 2014
30 Yemen 68.09 2014
31 Cabo Verde 67.25 2014
32 Ecuador 66.81 2014
33 St. Vincent and the Grenadines 66.74 2013
34 Montenegro 66.33 2014
35 Jordan 66.33 2014
36 Antigua and Barbuda 66.00 2013
37 Fiji 65.16 2013
38 Tonga 64.62 2013
39 Eritrea 64.21 2000
40 Comoros 63.32 2012
41 Lesotho 62.56 2014
42 Iraq 61.50 2012
43 Armenia 60.57 2014
44 Georgia 60.51 2014
45 Australia 59.97 2014
46 Tanzania 59.42 2014
47 Turkey 59.40 2014
48 New Zealand 58.28 2014
49 Guatemala 58.21 2014
50 The Gambia 57.86 2012
51 Timor-Leste 57.26 2014
52 Azerbaijan 56.96 2014
53 South Africa 56.74 2014
54 Colombia 56.40 2014
55 Peru 55.64 2014
56 Malaysia 53.99 2014
57 Uruguay 53.51 2014
58 Tunisia 51.78 2014
59 Solomon Islands 50.75 2014
60 Zimbabwe 50.60 1994
61 Chad 49.79 1994
62 Morocco 49.17 2013
63 Bolivia 49.08 2014
64 Spain 49.06 2014
65 Seychelles 48.18 2014
66 Suriname 48.17 2014
67 Mali 47.95 2013
68 Kyrgyz Republic 47.51 2014
69 Venezuela 46.78 2013
70 Mauritius 46.38 2014
71 Guinea-Bissau 45.89 2013
72 Madagascar 45.77 2013
73 Lebanon 45.70 2014
74 Senegal 45.50 2011
75 Ghana 45.35 2014
76 Indonesia 44.77 2014
77 Nepal 44.30 2014
78 Bulgaria 44.27 2014
79 Portugal 44.27 2014
80 Oman 44.16 2014
81 Sri Lanka 43.62 2014
82 Guyana 43.53 2014
83 Greece 43.43 2014
84 Uganda 43.31 2014
85 Costa Rica 42.27 2014
86 Liberia 41.93 2014
87 Niger 40.89 2013
88 Italy 40.25 2014
89 Namibia 40.00 2014
90 Bosnia and Herzegovina 39.64 2014
91 New Caledonia 39.20 2013
92 Myanmar 39.06 2014
93 El Salvador 37.95 2014
94 Benin 37.86 2013
95 Hong Kong SAR, China 37.20 2013
96 Slovenia 37.14 2014
97 Nigeria 36.03 2014
98 Qatar 35.94 2014
99 Bahrain 35.89 2014
100 Egypt 35.57 2014
101 Paraguay 34.98 2014
102 Nicaragua 34.21 2014
103 Malawi 34.17 2014
104 Argentina 33.91 2014
105 Central African Republic 33.89 1993
106 Panama 32.57 2014
107 Iceland 32.19 2014
108 Austria 31.36 2014
109 Cameroon 30.51 2013
110 Mongolia 30.14 2014
111 Togo 28.70 2013
112 Mozambique 28.51 2014
113 Cyprus 28.44 2014
114 Slovak Republic 28.43 2014
115 Brunei 27.80 2009
116 Burkina Faso 27.27 2010
117 Czech Republic 27.18 2014
118 Kiribati 26.49 2014
119 Estonia 25.95 2014
120 United States 25.68 2014
121 Honduras 25.54 2014
122 China 24.64 2014
123 Ethiopia 23.94 2012
124 Hungary 23.87 2014
125 Poland 23.35 2014
126 Côte d'Ivoire 22.92 2013
127 Serbia 22.69 2014
128 Kazakhstan 21.62 2014
129 France 20.98 2014
130 Moldova 20.92 2014
131 Canada 20.59 2014
132 Chile 20.54 2014
133 Kenya 20.13 2014
134 Philippines 19.73 2014
135 Latvia 18.83 2014
136 Russia 18.14 2014
137 Congo 17.99 2007
138 Lithuania 17.96 2014
139 Brazil 17.52 2014
140 Macedonia 17.44 2014
141 Sierra Leone 17.11 2014
142 Sweden 17.02 2014
143 Israel 16.11 2014
144 Korea 16.09 2014
145 Germany 15.89 2014
146 Switzerland 14.98 2014
147 Libya 14.63 2010
148 Mauritania 14.31 2014
149 Singapore 13.70 2014
150 United Kingdom 13.06 2014
151 Finland 12.81 2014
152 Djibouti 12.80 2013
153 Malta 12.73 2014
154 India 12.66 2014
155 Japan 11.86 2014
156 Norway 11.41 2014
157 Belgium 11.40 2014
158 Belarus 11.07 2014
159 Ukraine 11.05 2014
160 Denmark 10.06 2014
161 Netherlands 9.53 2014
162 Bangladesh 9.42 2014
163 Romania 9.17 2014
164 Trinidad and Tobago 8.13 2011
165 Pakistan 8.06 2014
166 Gabon 7.76 2005
167 Algeria 7.46 2014
168 Afghanistan 7.22 2014
169 Burundi 7.09 2013
170 Kuwait 6.50 2014
171 Swaziland 5.50 2014
172 Luxembourg 5.20 2014
173 Ireland 3.65 2014
174 Papua New Guinea 1.54 2014
175 Guinea 0.90 2012
176 Tajikistan 0.38 2014
177 Dem. Rep. Congo 0.22 2014

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Development Relevance: Trade in services differs from trade in goods because services are produced and consumed at the same time. Thus services to a traveler may be consumed in the producing country (for example, use of a hotel room) but are classified as imports of the traveler's country. In other cases services may be supplied from a remote location; for example, insurance services may be supplied from one location and consumed in another.

Limitations and Exceptions: Balance of payments statistics, the main source of information on international trade in services, have many weaknesses. Disaggregation of important components may be limited and varies considerably across countries. There are inconsistencies in the methods used to report items. And the recording of major flows as net items is common (for example, insurance transactions are often recorded as premiums less claims). These factors contribute to a downward bias in the value of the service trade reported in the balance of payments. Efforts are being made to improve the coverage, quality, and consistency of these data. Eurostat and the Organisation for Economic Co-operation and Development, for example, are working together to improve the collection of statistics on trade in services in member countries. Still, difficulties in capturing all the dimensions of international trade in services mean that the record is likely to remain incomplete. Cross-border intrafirm service transactions, which are usually not captured in the balance of payments, have increased in recent years. An example is transnational corporations' use of mainframe computers around the clock for data processing, exploiting time zone differences between their home country and the host countries of their affiliates. Another important dimension of service trade not captured by conventional balance of payments statistics is establishment trade - sales in the host country by foreign affiliates. By contrast, cross-border intrafirm transactions in merchandise may be reported as exports or imports in the balance of payments.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).

Aggregation method: Weighted average

Periodicity: Annual