North America - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in North America was 8.60 as of 2020. Its highest value over the past 50 years was 34.48 in 1992, while its lowest value was 8.60 in 2020.

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
1970 28.70
1971 29.26
1972 30.19
1973 29.72
1974 28.00
1975 29.52
1976 28.99
1977 28.93
1978 28.55
1979 27.05
1980 26.55
1981 26.57
1982 25.69
1983 26.39
1984 34.29
1985 34.00
1986 32.42
1987 32.85
1988 33.23
1989 33.56
1990 33.85
1991 32.59
1992 34.48
1993 34.24
1994 33.62
1995 32.67
1996 32.57
1997 32.29
1998 31.90
1999 29.79
2000 29.00
2001 27.40
2002 25.49
2003 24.58
2004 24.57
2005 24.41
2006 23.46
2007 22.92
2008 21.86
2009 21.76
2010 21.54
2011 21.22
2012 21.85
2013 22.19
2014 22.13
2015 22.66
2016 22.99
2017 23.15
2018 23.42
2019 23.51
2020 8.60

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