Balanced trade in services in United States
United States: Balanced trade in services was 1,840 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in United States, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in United States is 1,840 US dollars, exchange rate converted, measured in 2024. That is the highest value across all 20 years on record.
The figure is up 19.9% on the previous year and up 54.0% over ten years.
Over the whole period, balanced trade in services in United States peaked at 1,840 US dollars, exchange rate converted in 2024 and was at its lowest, 502.25 US dollars, exchange rate converted, in 2020.
That places United States 1st out of 174 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in United States, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 754.03 US dollars, exchange rate converted | — |
| 2006 | 1,008 US dollars, exchange rate converted | +33.7% |
| 2007 | 1,151 US dollars, exchange rate converted | +14.2% |
| 2008 | 1,241 US dollars, exchange rate converted | +7.8% |
| 2009 | 1,235 US dollars, exchange rate converted | -0.5% |
| 2010 | 1,214 US dollars, exchange rate converted | -1.7% |
| 2011 | 1,328 US dollars, exchange rate converted | +9.4% |
| 2012 | 1,292 US dollars, exchange rate converted | -2.7% |
| 2013 | 1,192 US dollars, exchange rate converted | -7.8% |
| 2014 | 1,195 US dollars, exchange rate converted | +0.3% |
| 2015 | 1,180 US dollars, exchange rate converted | -1.3% |
| 2016 | 1,218 US dollars, exchange rate converted | +3.2% |
| 2017 | 1,217 US dollars, exchange rate converted | -0.1% |
| 2018 | 1,219 US dollars, exchange rate converted | +0.1% |
| 2019 | 1,269 US dollars, exchange rate converted | +4.1% |
| 2020 | 502.25 US dollars, exchange rate converted | -60.4% |
| 2021 | 1,007 US dollars, exchange rate converted | +100.5% |
| 2022 | 1,316 US dollars, exchange rate converted | +30.7% |
| 2023 | 1,535 US dollars, exchange rate converted | +16.7% |
| 2024 | 1,840 US dollars, exchange rate converted | +19.9% |
United States compared with similar countries
- United States's 1,840 US dollars, exchange rate converted is above the median for high income countries, which is 7.08 US dollars, exchange rate converted, 259.9× the median. (56 countries reporting)
Biggest year-on-year movements
Years where Balanced trade in services in United States changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +100.5% | 502.25 US dollars, exchange rate converted | 1,007 US dollars, exchange rate converted |
| 2020 | -60.4% | 1,269 US dollars, exchange rate converted | 502.25 US dollars, exchange rate converted |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,078 US dollars, exchange rate converted | 754.03 US dollars, exchange rate converted | 1,241 US dollars, exchange rate converted | 5 |
| 2010s | 1,233 US dollars, exchange rate converted | 1,180 US dollars, exchange rate converted | 1,328 US dollars, exchange rate converted | 10 |
| 2020s | 1,240 US dollars, exchange rate converted | 502.25 US dollars, exchange rate converted | 1,840 US dollars, exchange rate converted | 5 |
Countries ranked near United States
- 1 Netherlands 213.83 US dollars, exchange rate converted compare
- 2 Ethiopia 3.21 US dollars, exchange rate converted compare
- 2 China 162.68 US dollars, exchange rate converted compare
- 2 Türkiye 18.97 US dollars, exchange rate converted compare
- 3 Viet Nam 9.66 US dollars, exchange rate converted compare
- 3 Croatia 2.8 US dollars, exchange rate converted compare
- 3 United Kingdom 156.72 US dollars, exchange rate converted compare
- 4 Poland 5.94 US dollars, exchange rate converted compare
- 4 Canada 101.73 US dollars, exchange rate converted compare
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.26 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 509.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7205 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0041 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 371.72 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 0.9623 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in United States?
- Balanced trade in services in United States was 1,840 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 United States?
- The highest recorded value was 1,840 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in United States?
- The lowest recorded value was 502.25 US dollars, exchange rate converted in 2020.
- How does United States rank for balanced trade in services?
- United States ranks 1st out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in United States?
- Over the last ten years it is up 54.0%. The long-run trend across the full record is rising.
- Where does this United States 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.
Download this data
CSV · JSON — 20 observations, free to reuse under OECD Terms and Conditions (attribution required).
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