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

Travel services (% of service exports, BoP) in North Macedonia was 18.70 as of 2021. Its highest value over the past 25 years was 21.78 in 2019, while its lowest value was 5.35 in 1998.

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 7.72
1997 7.31
1998 5.35
1999 9.98
2000 8.49
2001 6.30
2002 9.96
2003 10.56
2004 11.55
2005 13.03
2006 17.05
2007 17.65
2008 18.12
2009 19.73
2010 19.94
2011 16.52
2012 17.09
2013 17.38
2014 17.04
2015 17.32
2016 18.21
2017 20.11
2018 20.52
2019 21.78
2020 15.21
2021 18.70

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