Travel services (% of service exports, BoP)
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.
Description: The map below shows how Travel services (% of service exports, BoP) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is St. Lucia, with a value of 94.98. The country with the lowest value in the world is Papua New Guinea, with a value of 0.64.
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
Aggregation method: Weighted average
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.