North Macedonia - Travel services

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

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments