Service exports (BoP, current US$) in Small states
Small states: Service exports (BoP, current US$) was 122.44 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
122.44 billion BoP, current US$
Change on year
up 7.6%
Rank
31st
of 45 groups
All-time high
122.44 billion BoP, current US$
in 2024
All-time low
1.98 billion BoP, current US$
in 1976
Years of data
49
1976–2024
Service exports in Small states, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, service exports in Small states stood at 122.44 billion BoP, current US$. That is the highest value across all 49 years on record.
The figure is up 7.6% on the previous year and up 94.4% over ten years.
Over the whole period, service exports in Small states peaked at 122.44 billion BoP, current US$ in 2024 and was at its lowest, 1.98 billion BoP, current US$, in 1976.
That places Small states 31st out of 45 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$) in Small states, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 1.98 billion BoP, current US$ | — |
| 1977 | 2.36 billion BoP, current US$ | +19.5% |
| 1978 | 2.79 billion BoP, current US$ | +18.3% |
| 1979 | 3.48 billion BoP, current US$ | +24.8% |
| 1980 | 4.17 billion BoP, current US$ | +19.8% |
| 1981 | 4.33 billion BoP, current US$ | +3.8% |
| 1982 | 4.38 billion BoP, current US$ | +1.1% |
| 1983 | 4.32 billion BoP, current US$ | -1.3% |
| 1984 | 4.61 billion BoP, current US$ | +6.8% |
| 1985 | 5.10 billion BoP, current US$ | +10.5% |
| 1986 | 5.91 billion BoP, current US$ | +16.0% |
| 1987 | 6.79 billion BoP, current US$ | +14.8% |
| 1988 | 7.65 billion BoP, current US$ | +12.7% |
| 1989 | 8.52 billion BoP, current US$ | +11.4% |
| 1990 | 9.66 billion BoP, current US$ | +13.3% |
| 1991 | 9.60 billion BoP, current US$ | -0.6% |
| 1992 | 10.90 billion BoP, current US$ | +13.5% |
| 1993 | 11.17 billion BoP, current US$ | +2.5% |
| 1994 | 12.32 billion BoP, current US$ | +10.3% |
| 1995 | 14.15 billion BoP, current US$ | +14.8% |
| 1996 | 15.18 billion BoP, current US$ | +7.3% |
| 1997 | 15.75 billion BoP, current US$ | +3.8% |
| 1998 | 16.65 billion BoP, current US$ | +5.7% |
| 1999 | 17.62 billion BoP, current US$ | +5.8% |
| 2000 | 18.54 billion BoP, current US$ | +5.2% |
| 2001 | 18.98 billion BoP, current US$ | +2.4% |
| 2002 | 19.65 billion BoP, current US$ | +3.5% |
| 2003 | 22.56 billion BoP, current US$ | +14.8% |
| 2004 | 27.93 billion BoP, current US$ | +23.8% |
| 2005 | 31.02 billion BoP, current US$ | +11.1% |
| 2006 | 33.90 billion BoP, current US$ | +9.3% |
| 2007 | 42.43 billion BoP, current US$ | +25.2% |
| 2008 | 50.34 billion BoP, current US$ | +18.6% |
| 2009 | 45.95 billion BoP, current US$ | -8.7% |
| 2010 | 47.87 billion BoP, current US$ | +4.2% |
| 2011 | 53.72 billion BoP, current US$ | +12.2% |
| 2012 | 54.21 billion BoP, current US$ | +0.9% |
| 2013 | 58.72 billion BoP, current US$ | +8.3% |
| 2014 | 62.99 billion BoP, current US$ | +7.3% |
| 2015 | 60.43 billion BoP, current US$ | -4.1% |
| 2016 | 64.68 billion BoP, current US$ | +7.0% |
| 2017 | 69.06 billion BoP, current US$ | +6.8% |
| 2018 | 77.22 billion BoP, current US$ | +11.8% |
| 2019 | 81.27 billion BoP, current US$ | +5.3% |
| 2020 | 62.35 billion BoP, current US$ | -23.3% |
| 2021 | 80.95 billion BoP, current US$ | +29.8% |
| 2022 | 101.34 billion BoP, current US$ | +25.2% |
| 2023 | 113.79 billion BoP, current US$ | +12.3% |
| 2024 | 122.44 billion BoP, current US$ | +7.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.65 billion BoP, current US$ | 1.98 billion BoP, current US$ | 3.48 billion BoP, current US$ | 4 |
| 1980s | 5.58 billion BoP, current US$ | 4.17 billion BoP, current US$ | 8.52 billion BoP, current US$ | 10 |
| 1990s | 13.30 billion BoP, current US$ | 9.60 billion BoP, current US$ | 17.62 billion BoP, current US$ | 10 |
| 2000s | 31.13 billion BoP, current US$ | 18.54 billion BoP, current US$ | 50.34 billion BoP, current US$ | 10 |
| 2010s | 63.02 billion BoP, current US$ | 47.87 billion BoP, current US$ | 81.27 billion BoP, current US$ | 10 |
| 2020s | 96.17 billion BoP, current US$ | 62.35 billion BoP, current US$ | 122.44 billion BoP, current US$ | 5 |
Countries ranked near Small states
- 28 Portugal 68.97 billion BoP, current US$ compare
- 29 Mexico 65.80 billion BoP, current US$ compare
- 30 Malaysia 65.02 billion BoP, current US$ compare
- 31 Norway 64.57 billion BoP, current US$ compare
- 32 Greece 58.30 billion BoP, current US$ compare
- 33 Brazil 54.42 billion BoP, current US$ compare
- 34 Philippines 51.50 billion BoP, current US$ compare
More economy & growth data for Small states
- Households and NPISHs Final consumption expenditure (current US$) 9,468 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.06 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1426 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2,363 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9.91 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5711 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4415 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 10.3 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 7,320 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 3,407 current US$ per person (2025)
Frequently asked questions
- What is service exports in Small states?
- Service exports in Small states was 122.44 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Small states?
- The highest recorded value was 122.44 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Small states?
- The lowest recorded value was 1.98 billion BoP, current US$ in 1976.
- How does Small states rank for service exports?
- Small states ranks 31st out of 45 groups with data for 2024.
- Is service exports rising or falling in Small states?
- Over the last ten years it is up 94.4%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are 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.