Philippines - Travel services (% of service exports, BoP)

Travel services (% of service exports, BoP) in Philippines was 1.78 as of 2021. Its highest value over the past 44 years was 49.81 in 1999, while its lowest value was 1.78 in 2021.

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
1977 19.78
1978 20.73
1979 22.12
1980 22.11
1981 19.21
1982 24.94
1983 25.72
1984 22.29
1985 22.64
1986 22.62
1987 19.53
1988 16.78
1989 14.54
1990 14.36
1991 15.60
1992 19.91
1993 25.21
1994 14.38
1995 12.15
1996 11.94
1997 15.47
1998 18.96
1999 49.81
2000 38.37
2001 35.38
2002 31.59
2003 27.25
2004 29.91
2005 26.56
2006 32.02
2007 36.74
2008 19.63
2009 16.83
2010 14.87
2011 16.94
2012 19.87
2013 20.10
2014 19.73
2015 18.14
2016 16.48
2017 20.06
2018 21.46
2019 23.70
2020 5.63
2021 1.78

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