Trade in services (% of GDP) in IDA only
IDA only: Trade in services (% of GDP) was 10.9% in 2024. ▲ Rising
Trade in services in IDA only, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in IDA only stood at 10.9%.
That represents a change of down 2.0% on the previous year and down 10.6% over ten years.
Over the whole period, trade in services in IDA only peaked at 12.8% in 1995 and was at its lowest, 7.0%, in 1977.
IDA only ranks 27th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Trade in services (% of GDP) in IDA only, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 7.0% | — |
| 1978 | 7.7% | +10.5% |
| 1979 | 8.2% | +5.8% |
| 1980 | 8.5% | +4.0% |
| 1981 | 8.4% | -1.0% |
| 1982 | 8.2% | -2.8% |
| 1983 | 7.8% | -4.3% |
| 1984 | 7.5% | -4.2% |
| 1985 | 8.0% | +6.0% |
| 1986 | 7.7% | -3.6% |
| 1987 | 8.5% | +10.3% |
| 1988 | 8.5% | +0.2% |
| 1989 | 8.8% | +3.2% |
| 1990 | 8.1% | -8.0% |
| 1991 | 7.7% | -4.9% |
| 1992 | 10.6% | +38.4% |
| 1993 | 11.5% | +8.4% |
| 1994 | 12.6% | +9.6% |
| 1995 | 12.8% | +1.4% |
| 1996 | 11.6% | -9.6% |
| 1997 | 11.4% | -1.8% |
| 1998 | 11.6% | +2.2% |
| 1999 | 11.7% | +1.0% |
| 2000 | 11.8% | +0.7% |
| 2001 | 11.8% | -0.1% |
| 2002 | 11.6% | -2.0% |
| 2003 | 11.0% | -4.6% |
| 2004 | 12.3% | +11.4% |
| 2005 | 12.2% | -0.5% |
| 2006 | 12.1% | -1.1% |
| 2007 | 12.5% | +3.4% |
| 2008 | 12.2% | -2.2% |
| 2009 | 11.3% | -7.6% |
| 2010 | 11.6% | +2.6% |
| 2011 | 12.0% | +3.3% |
| 2012 | 12.6% | +5.3% |
| 2013 | 12.4% | -1.3% |
| 2014 | 12.2% | -1.7% |
| 2015 | 12.3% | +0.7% |
| 2016 | 11.7% | -5.0% |
| 2017 | 11.7% | +0.3% |
| 2018 | 12.5% | +6.8% |
| 2019 | 12.6% | +1.0% |
| 2020 | 9.4% | -25.3% |
| 2021 | 9.7% | +2.9% |
| 2022 | 10.5% | +8.2% |
| 2023 | 11.1% | +6.0% |
| 2024 | 10.9% | -2.0% |
Biggest year-on-year movements
Years where Trade in services (% of GDP) in IDA only 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 |
|---|---|---|---|
| 1992 | +38.4% | 7.7% | 10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | 7.0% | 8.2% | 3 |
| 1980s | 8.2% | 7.5% | 8.8% | 10 |
| 1990s | 11.0% | 7.7% | 12.8% | 10 |
| 2000s | 11.9% | 11.0% | 12.5% | 10 |
| 2010s | 12.2% | 11.6% | 12.6% | 10 |
| 2020s | 10.4% | 9.4% | 11.1% | 5 |
Countries ranked near IDA only
More economy & growth data for IDA only
- General government final consumption expenditure (current US$) 9.84 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,096 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.7383 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 5.75 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 117.1 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0789 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 5.18 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 142.19 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.0958 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0007 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in IDA only?
- Trade in services in IDA only was 10.9% 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 IDA only?
- The highest recorded value was 12.8% in 1995.
- What is the lowest trade in services recorded in IDA only?
- The lowest recorded value was 7.0% in 1977.
- How does IDA only rank for trade in services?
- IDA only ranks 27th out of 47 groups with data for 2024.
- Is trade in services rising or falling in IDA only?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is rising.
- Where does this IDA only 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
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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.