Trade in services in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Trade in services was 16.0% in 2024. ▲ Rising
Trade in services in Europe & Central Asia (excluding high income), 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Europe & Central Asia (excluding high income) stood at 16.0%.
Compared with earlier readings it is down 3.1% on the previous year and up 26.1% over ten years.
Over the whole period, trade in services in Europe & Central Asia (excluding high income) peaked at 17.0% in 2022 and was at its lowest, 1.2%, in 1979.
That places Europe & Central Asia (excluding high income) 13th out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Trade in services in Europe & Central Asia (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 2.6% | — |
| 1975 | 2.3% | -11.6% |
| 1976 | 2.1% | -6.7% |
| 1977 | 2.1% | -2.4% |
| 1978 | 1.2% | -43.3% |
| 1979 | 1.2% | -1.5% |
| 1980 | 1.9% | +60.0% |
| 1981 | 2.4% | +30.0% |
| 1982 | 4.5% | +86.5% |
| 1983 | 4.9% | +9.4% |
| 1984 | 5.7% | +16.5% |
| 1985 | 6.1% | +6.5% |
| 1986 | 5.7% | -6.3% |
| 1994 | 9.8% | +70.8% |
| 1995 | 8.5% | -13.3% |
| 1996 | 9.0% | +6.1% |
| 1997 | 11.2% | +24.2% |
| 1998 | 12.6% | +12.4% |
| 1999 | 11.5% | -8.6% |
| 2000 | 12.2% | +5.7% |
| 2001 | 13.4% | +10.2% |
| 2002 | 12.1% | -9.5% |
| 2003 | 11.6% | -4.6% |
| 2004 | 11.9% | +2.5% |
| 2005 | 11.4% | -4.1% |
| 2006 | 10.6% | -6.7% |
| 2007 | 10.9% | +2.4% |
| 2008 | 11.1% | +1.8% |
| 2009 | 11.8% | +6.7% |
| 2010 | 10.8% | -8.2% |
| 2011 | 10.8% | -0.7% |
| 2012 | 11.5% | +6.8% |
| 2013 | 12.2% | +5.8% |
| 2014 | 12.7% | +4.1% |
| 2015 | 12.9% | +2.1% |
| 2016 | 12.7% | -1.5% |
| 2017 | 13.9% | +9.0% |
| 2018 | 15.6% | +12.6% |
| 2019 | 16.1% | +3.3% |
| 2020 | 11.7% | -27.6% |
| 2021 | 13.4% | +14.8% |
| 2022 | 17.0% | +26.4% |
| 2023 | 16.5% | -2.9% |
| 2024 | 16.0% | -3.1% |
Biggest year-on-year movements
Years where Trade in services in Europe & Central Asia (excluding high income) 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 |
|---|---|---|---|
| 1982 | +86.5% | 2.4% | 4.5% |
| 1994 | +70.8% | 5.7% | 9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.9% | 1.2% | 2.6% | 6 |
| 1980s | 4.5% | 1.9% | 6.1% | 7 |
| 1990s | 10.4% | 8.5% | 12.6% | 6 |
| 2000s | 11.7% | 10.6% | 13.4% | 10 |
| 2010s | 12.9% | 10.8% | 16.1% | 10 |
| 2020s | 14.9% | 11.7% | 17.0% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
More economy & growth data for Europe & Central Asia (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.77 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,786 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 15.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.56 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 20.44 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.18 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0018 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 16.87 % change on previous year (2025)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is trade in services in Europe & Central Asia (excluding high income)?
- Trade in services in Europe & Central Asia (excluding high income) was 16.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 17.0% in 2022.
- What is the lowest trade in services recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 1.2% in 1979.
- How does Europe & Central Asia (excluding high income) rank for trade in services?
- Europe & Central Asia (excluding high income) ranks 13th out of 47 groups with data for 2024.
- Is trade in services rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is up 26.1%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (excluding high income) data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.