United Kingdom - Transport services (% of service imports, BoP)

Transport services (% of service imports, BoP) in United Kingdom was 8.98 as of 2020. Its highest value over the past 50 years was 53.98 in 1974, while its lowest value was 8.98 in 2020.

Definition: Transport covers all transport services (sea, air, land, internal waterway, pipeline, space and electricity transmission) performed by residents of one economy for those of another and involving the carriage of passengers, the movement of goods (freight), rental of carriers with crew, and related support and auxiliary services. Also included are postal and courier services. Excluded are freight insurance (included in insurance services); goods procured in ports by nonresident carriers (included in goods); maintenance and repairs on transport equipment (included in maintenance and repair services n.i.e.); and repairs of railway facilities, harbors, and airfield facilities (included in construction).

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1970 44.48
1971 48.23
1972 52.78
1973 51.27
1974 53.98
1975 49.58
1976 50.63
1977 49.63
1978 48.03
1979 49.36
1980 47.48
1981 45.54
1982 41.18
1983 40.28
1984 37.90
1985 37.65
1986 33.92
1987 33.22
1988 33.60
1989 31.47
1990 30.42
1991 28.18
1992 28.10
1993 26.96
1994 26.40
1995 25.79
1996 25.48
1997 27.69
1998 25.88
1999 18.21
2000 19.41
2001 18.48
2002 17.67
2003 16.60
2004 16.45
2005 16.47
2006 15.98
2007 15.52
2008 14.32
2009 13.26
2010 13.83
2011 14.43
2012 14.13
2013 14.07
2014 13.91
2015 14.07
2016 13.18
2017 12.61
2018 12.42
2019 12.21
2020 8.98

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