Armenia - Travel services

Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Armenia was 30.56 as of 2020. Its highest value over the past 27 years was 62.46 in 2017, while its lowest value was 0.72 in 1993.

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
1993 0.72
1994 1.59
1995 4.34
1996 15.00
1997 22.76
1998 21.21
1999 18.82
2000 19.33
2001 13.45
2002 17.78
2003 18.96
2004 32.22
2005 35.82
2006 38.81
2007 39.70
2008 37.84
2009 41.73
2010 45.43
2011 49.91
2012 53.38
2013 56.51
2014 59.06
2015 61.89
2016 61.26
2017 62.46
2018 58.43
2019 59.61
2020 30.56

Travel services (% of service exports, BoP)

Travel services (% of service exports, BoP) in Armenia was 26.50 as of 2020. Its highest value over the past 25 years was 67.46 in 2009, while its lowest value was 4.90 in 1995.

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
1995 4.90
1996 15.19
1997 19.30
1998 18.92
1999 22.32
2000 26.90
2001 33.68
2002 32.78
2003 28.31
2004 49.45
2005 51.78
2006 62.29
2007 63.32
2008 61.81
2009 67.46
2010 63.73
2011 55.12
2012 58.32
2013 57.94
2014 59.61
2015 61.87
2016 60.82
2017 59.52
2018 59.92
2019 62.86
2020 26.50

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments