Euro area - Trade in services (% of GDP)

Trade in services (% of GDP) in Euro area was 25.20 as of 2020. Its highest value over the past 45 years was 27.46 in 2019, while its lowest value was 7.78 in 1975.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1975 7.78
1976 8.35
1977 8.60
1978 8.74
1979 8.76
1980 9.47
1981 10.28
1982 10.12
1983 9.83
1984 10.06
1985 10.26
1986 9.28
1987 9.15
1988 9.00
1989 9.33
1990 9.58
1991 9.42
1992 9.96
1993 10.32
1994 10.05
1995 10.13
1996 10.21
1997 11.01
1998 11.37
1999 12.70
2000 13.77
2001 14.03
2002 14.54
2003 13.95
2004 14.66
2005 16.46
2006 17.05
2007 17.56
2008 18.11
2009 17.59
2010 18.47
2011 19.14
2012 20.27
2013 21.00
2014 22.19
2015 24.33
2016 24.42
2017 25.37
2018 26.00
2019 27.46
2020 25.20

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