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

Travel services (% of service imports, BoP) in Iceland was 23.15 as of 2020. Its highest value over the past 44 years was 51.63 in 1990, while its lowest value was 19.20 in 1976.

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
1976 19.20
1977 22.43
1978 21.81
1979 19.72
1980 20.97
1981 24.33
1982 24.08
1983 23.55
1984 27.44
1985 26.01
1986 34.80
1987 41.81
1988 41.92
1989 41.13
1990 51.63
1991 49.27
1992 49.95
1993 45.56
1994 42.92
2009 27.68
2010 28.03
2011 29.07
2012 28.91
2013 30.27
2014 31.02
2015 34.24
2016 38.10
2017 41.96
2018 40.65
2019 42.43
2020 23.15

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