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

Travel services (% of service imports, BoP) in North Macedonia was 15.03 as of 2021. Its highest value over the past 25 years was 19.59 in 2019, while its lowest value was 8.49 in 1996.

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
1996 8.49
1997 9.20
1998 14.94
1999 13.54
2000 12.65
2001 14.53
2002 16.05
2003 12.45
2004 10.88
2005 11.36
2006 12.49
2007 13.27
2008 13.90
2009 12.24
2010 11.28
2011 11.85
2012 11.44
2013 12.61
2014 12.15
2015 13.97
2016 15.54
2017 17.27
2018 18.26
2019 19.59
2020 12.48
2021 15.03

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