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Montenegro - Travel services

Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Montenegro was 5.61 as of 2021. Its highest value over the past 14 years was 12.38 in 2016, while its lowest value was 5.18 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.

Year	Value
2007	9.44
2008	7.10
2009	10.54
2010	10.61
2011	9.10
2012	9.00
2013	10.56
2014	10.41
2015	9.60
2016	12.38
2017	11.19
2018	9.28
2019	7.56
2020	5.18
2021	5.61

Travel services (% of service exports, BoP)

Travel services (% of service exports, BoP) in Montenegro was 47.55 as of 2021. Its highest value over the past 14 years was 70.74 in 2009, while its lowest value was 21.30 in 2020.

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

Year	Value
2007	67.54
2008	68.16
2009	70.74
2010	68.03
2011	68.87
2012	67.24
2013	66.84
2014	66.33
2015	67.03
2016	66.84
2017	67.04
2018	63.91
2019	64.33
2020	21.30
2021	47.55

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments