Exports of goods and services in Small states
Small states: Exports of goods and services was 217.10 billion BoP, current US$ in 2024. ◆ Volatile
Exports of goods and services in Small states, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, exports of goods and services in Small states stood at 217.10 billion BoP, current US$. That is the highest value across all 48 years on record.
That represents a change of up 3.8% on the previous year and up 56.6% over ten years.
Over the whole period, exports of goods and services in Small states peaked at 217.10 billion BoP, current US$ in 2024 and was at its lowest, 7.81 billion BoP, current US$, in 1977.
That places Small states 38th out of 43 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Small states, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 7.81 billion BoP, current US$ | — |
| 1978 | 8.80 billion BoP, current US$ | +12.6% |
| 1979 | 10.99 billion BoP, current US$ | +24.9% |
| 1980 | 14.23 billion BoP, current US$ | +29.5% |
| 1981 | 14.02 billion BoP, current US$ | -1.5% |
| 1982 | 12.99 billion BoP, current US$ | -7.4% |
| 1983 | 12.56 billion BoP, current US$ | -3.2% |
| 1984 | 13.29 billion BoP, current US$ | +5.8% |
| 1985 | 13.69 billion BoP, current US$ | +3.0% |
| 1986 | 14.65 billion BoP, current US$ | +7.0% |
| 1987 | 16.82 billion BoP, current US$ | +14.8% |
| 1988 | 18.69 billion BoP, current US$ | +11.1% |
| 1989 | 19.93 billion BoP, current US$ | +6.6% |
| 1990 | 23.26 billion BoP, current US$ | +16.7% |
| 1991 | 22.97 billion BoP, current US$ | -1.2% |
| 1992 | 24.91 billion BoP, current US$ | +8.4% |
| 1993 | 24.88 billion BoP, current US$ | -0.1% |
| 1994 | 27.75 billion BoP, current US$ | +11.5% |
| 1995 | 32.68 billion BoP, current US$ | +17.8% |
| 1996 | 34.58 billion BoP, current US$ | +5.8% |
| 1997 | 35.21 billion BoP, current US$ | +1.8% |
| 1998 | 36.20 billion BoP, current US$ | +2.8% |
| 1999 | 38.03 billion BoP, current US$ | +5.1% |
| 2000 | 41.69 billion BoP, current US$ | +9.6% |
| 2001 | 41.89 billion BoP, current US$ | +0.5% |
| 2002 | 43.51 billion BoP, current US$ | +3.9% |
| 2003 | 51.55 billion BoP, current US$ | +18.5% |
| 2004 | 62.07 billion BoP, current US$ | +20.4% |
| 2005 | 72.71 billion BoP, current US$ | +17.1% |
| 2006 | 84.60 billion BoP, current US$ | +16.4% |
| 2007 | 97.29 billion BoP, current US$ | +15.0% |
| 2008 | 118.76 billion BoP, current US$ | +22.1% |
| 2009 | 93.00 billion BoP, current US$ | -21.7% |
| 2010 | 104.91 billion BoP, current US$ | +12.8% |
| 2011 | 130.87 billion BoP, current US$ | +24.7% |
| 2012 | 130.91 billion BoP, current US$ | +0.0% |
| 2013 | 138.03 billion BoP, current US$ | +5.4% |
| 2014 | 138.66 billion BoP, current US$ | +0.5% |
| 2015 | 120.42 billion BoP, current US$ | -13.2% |
| 2016 | 118.45 billion BoP, current US$ | -1.6% |
| 2017 | 130.17 billion BoP, current US$ | +9.9% |
| 2018 | 145.24 billion BoP, current US$ | +11.6% |
| 2019 | 147.92 billion BoP, current US$ | +1.8% |
| 2020 | 123.79 billion BoP, current US$ | -16.3% |
| 2021 | 166.12 billion BoP, current US$ | +34.2% |
| 2022 | 209.79 billion BoP, current US$ | +26.3% |
| 2023 | 209.16 billion BoP, current US$ | -0.3% |
| 2024 | 217.10 billion BoP, current US$ | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.20 billion BoP, current US$ | 7.81 billion BoP, current US$ | 10.99 billion BoP, current US$ | 3 |
| 1980s | 15.09 billion BoP, current US$ | 12.56 billion BoP, current US$ | 19.93 billion BoP, current US$ | 10 |
| 1990s | 30.05 billion BoP, current US$ | 22.97 billion BoP, current US$ | 38.03 billion BoP, current US$ | 10 |
| 2000s | 70.71 billion BoP, current US$ | 41.69 billion BoP, current US$ | 118.76 billion BoP, current US$ | 10 |
| 2010s | 130.56 billion BoP, current US$ | 104.91 billion BoP, current US$ | 147.92 billion BoP, current US$ | 10 |
| 2020s | 185.19 billion BoP, current US$ | 123.79 billion BoP, current US$ | 217.10 billion BoP, current US$ | 5 |
Countries ranked near Small states
- 35 Hungary 179.50 billion BoP, current US$ compare
- 36 Israel 168.58 billion BoP, current US$ compare
- 37 Romania 152.43 billion BoP, current US$ compare
- 38 Portugal 144.12 billion BoP, current US$ compare
- 39 South Africa 134.49 billion BoP, current US$ compare
- 40 Finland 134.30 billion BoP, current US$ compare
- 41 Slovakia 131.33 billion BoP, current US$ compare
More economy & growth data for Small states
- Industry (including construction), value added 24.2% (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 15,108 current US$ per person (2025)
- Manufacturing, value added 24.33 billion current US$ (2024)
- Manufacturing, value added 19.20 billion constant 2015 US$ (2024)
- Manufacturing, value added 7.8% (2024)
- Industry (including construction), value added 81.58 billion current US$ (2025)
- Industry (including construction), value added 72.77 billion constant 2015 US$ (2025)
- Industry (including construction), value added 9.8% (2025)
- Services, value added 63.5% (2025)
- Services, value added 3.0% (2025)
Frequently asked questions
- What is exports of goods and services in Small states?
- Exports of goods and services in Small states was 217.10 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Small states?
- The highest recorded value was 217.10 billion BoP, current US$ in 2024.
- What is the lowest exports of goods and services recorded in Small states?
- The lowest recorded value was 7.81 billion BoP, current US$ in 1977.
- How does Small states rank for exports of goods and services?
- Small states ranks 38th out of 43 groups with data for 2024.
- Is exports of goods and services rising or falling in Small states?
- Over the last ten years it is up 56.6%. The long-run trend across the full record is volatile.
- Where does this Small states data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.