Balanced trade in services in Italy
Italy: Balanced trade in services was 30 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced trade in services in Italy, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
In 2024, balanced trade in services in Italy stood at 30 US dollars, exchange rate converted.
Compared with earlier readings it is up 6.1% on the previous year and up 114.3% over ten years.
Over the whole period, balanced trade in services in Italy peaked at 79.23 US dollars, exchange rate converted in 2018 and was at its lowest, 7.74 US dollars, exchange rate converted, in 2020.
Italy ranks 15th of 174 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Balanced trade in services in Italy, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 11.74 US dollars, exchange rate converted | — |
| 2006 | 11.72 US dollars, exchange rate converted | -0.2% |
| 2007 | 13.97 US dollars, exchange rate converted | +19.2% |
| 2008 | 17.14 US dollars, exchange rate converted | +22.7% |
| 2009 | 13.49 US dollars, exchange rate converted | -21.3% |
| 2010 | 13.49 US dollars, exchange rate converted | -0.0% |
| 2011 | 11 US dollars, exchange rate converted | -18.5% |
| 2012 | 8.4 US dollars, exchange rate converted | -23.6% |
| 2013 | 7.99 US dollars, exchange rate converted | -4.9% |
| 2014 | 14 US dollars, exchange rate converted | +75.2% |
| 2015 | 14.85 US dollars, exchange rate converted | +6.1% |
| 2016 | 30.31 US dollars, exchange rate converted | +104.0% |
| 2017 | 23.43 US dollars, exchange rate converted | -22.7% |
| 2018 | 79.23 US dollars, exchange rate converted | +238.2% |
| 2019 | 39.63 US dollars, exchange rate converted | -50.0% |
| 2020 | 7.74 US dollars, exchange rate converted | -80.5% |
| 2021 | 10.29 US dollars, exchange rate converted | +33.0% |
| 2022 | 25.35 US dollars, exchange rate converted | +146.4% |
| 2023 | 28.26 US dollars, exchange rate converted | +11.5% |
| 2024 | 30 US dollars, exchange rate converted | +6.1% |
Italy compared with similar countries
- Italy's 30 US dollars, exchange rate converted is above the median for high income countries, which is 7.08 US dollars, exchange rate converted, 4.2× the median. (56 countries reporting)
- Italy's 30 US dollars, exchange rate converted is above the median for Europe & Central Asia, which is 3.39 US dollars, exchange rate converted, 8.9× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.61 US dollars, exchange rate converted | 11.72 US dollars, exchange rate converted | 17.14 US dollars, exchange rate converted | 5 |
| 2010s | 24.23 US dollars, exchange rate converted | 7.99 US dollars, exchange rate converted | 79.23 US dollars, exchange rate converted | 10 |
| 2020s | 20.33 US dollars, exchange rate converted | 7.74 US dollars, exchange rate converted | 30 US dollars, exchange rate converted | 5 |
Countries ranked near Italy
- 12 Timor-Leste 0.1818 US dollars, exchange rate converted compare
- 12 Anguilla 0.3363 US dollars, exchange rate converted compare
- 12 Ireland 42.41 US dollars, exchange rate converted compare
- 13 Lesotho 0.2357 US dollars, exchange rate converted compare
- 13 Germany 42.21 US dollars, exchange rate converted compare
- 14 Cabo Verde 0.1906 US dollars, exchange rate converted compare
- 14 France 37.98 US dollars, exchange rate converted compare
- 16 United Arab Emirates 29.35 US dollars, exchange rate converted compare
- 17 Saudi Arabia 26.7 US dollars, exchange rate converted compare
- 18 Spain 25.08 US dollars, exchange rate converted compare
More economy & growth data for Italy
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.8337 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.59 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0116 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 502.25 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.3992 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 366.74 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.39 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.006 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Italy?
- Balanced trade in services in Italy was 30 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Italy?
- The highest recorded value was 79.23 US dollars, exchange rate converted in 2018.
- What is the lowest balanced trade in services recorded in Italy?
- The lowest recorded value was 7.74 US dollars, exchange rate converted in 2020.
- How does Italy rank for balanced trade in services?
- Italy ranks 15th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Italy?
- Over the last ten years it is up 114.3%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html