Philippines - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Philippines was 16.77 as of 2021. Its highest value over the past 44 years was 50.65 in 2014, while its lowest value was 1.59 in 1984.

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
1977 4.09
1978 5.10
1979 6.27
1980 7.37
1981 7.72
1982 8.06
1983 12.75
1984 1.59
1985 4.27
1986 6.64
1987 7.62
1988 5.81
1989 4.92
1990 6.30
1991 3.38
1992 4.42
1993 4.21
1994 4.21
1995 6.09
1996 13.43
1997 13.70
1998 19.29
1999 31.18
2000 31.29
2001 31.63
2002 29.66
2003 26.13
2004 21.74
2005 46.70
2006 41.81
2007 40.16
2008 34.18
2009 39.96
2010 45.66
2011 45.60
2012 45.92
2013 47.99
2014 50.65
2015 48.04
2016 46.09
2017 45.33
2018 44.28
2019 42.65
2020 22.77
2021 16.77

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