Trade in services in IDA total
IDA total: Trade in services was 10.3% in 2024. ▲ Rising
Trade in services in IDA total, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
IDA total recorded 10.3% for trade in services in 2024.
The figure is up 8.6% on the previous year and up 10.6% over ten years.
Over the whole period, trade in services in IDA total peaked at 11.4% in 1999 and was at its lowest, 6.2%, in 1982.
IDA total ranks 32nd 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 in IDA total, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 8.6% | — |
| 1978 | 9.0% | +4.2% |
| 1979 | 9.1% | +1.0% |
| 1980 | 9.6% | +6.1% |
| 1981 | 6.6% | -31.8% |
| 1982 | 6.2% | -4.7% |
| 1983 | 6.7% | +7.9% |
| 1984 | 6.9% | +2.6% |
| 1985 | 7.3% | +6.0% |
| 1986 | 7.4% | +0.5% |
| 1987 | 7.8% | +5.8% |
| 1988 | 7.9% | +1.4% |
| 1989 | 8.9% | +13.2% |
| 1990 | 9.0% | +0.5% |
| 1991 | 8.7% | -2.8% |
| 1992 | 10.6% | +20.8% |
| 1993 | 11.3% | +6.6% |
| 1994 | 11.1% | -1.5% |
| 1995 | 8.9% | -20.1% |
| 1996 | 8.0% | -10.2% |
| 1997 | 7.6% | -4.1% |
| 1998 | 7.3% | -3.7% |
| 1999 | 11.4% | +55.9% |
| 2000 | 10.1% | -12.1% |
| 2001 | 10.4% | +3.6% |
| 2002 | 10.3% | -1.2% |
| 2003 | 10.2% | -0.5% |
| 2004 | 10.6% | +3.2% |
| 2005 | 10.6% | +0.7% |
| 2006 | 10.8% | +1.4% |
| 2007 | 11.1% | +2.6% |
| 2008 | 11.0% | -0.4% |
| 2009 | 10.2% | -7.4% |
| 2010 | 10.3% | +1.0% |
| 2011 | 10.2% | -0.7% |
| 2012 | 10.1% | -1.3% |
| 2013 | 9.5% | -5.5% |
| 2014 | 9.3% | -2.1% |
| 2015 | 9.3% | -0.0% |
| 2016 | 8.9% | -4.4% |
| 2017 | 9.6% | +7.1% |
| 2018 | 10.5% | +10.1% |
| 2019 | 10.0% | -4.8% |
| 2020 | 7.4% | -26.7% |
| 2021 | 7.5% | +2.7% |
| 2022 | 8.4% | +11.5% |
| 2023 | 9.5% | +13.1% |
| 2024 | 10.3% | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.9% | 8.6% | 9.1% | 3 |
| 1980s | 7.5% | 6.2% | 9.6% | 10 |
| 1990s | 9.4% | 7.3% | 11.4% | 10 |
| 2000s | 10.5% | 10.1% | 11.1% | 10 |
| 2010s | 9.8% | 8.9% | 10.5% | 10 |
| 2020s | 8.6% | 7.4% | 10.3% | 5 |
Countries ranked near IDA total
More economy & growth data for IDA total
- Services, value added (current US$), annual growth rate 10.55 % change on previous year (2025)
- Services, value added 1.54 trillion current US$ (2025)
- Services, value added 1.54 trillion constant 2015 US$ (2025)
- Services, value added 48.1% (2025)
- Industry (including construction), value added (current US$), per 431.12 current US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 6 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2514 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 404.21 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.28 % change on previous year (2025)
- Services, value added (constant 2015 US$), per capita 774.88 constant 2015 US$ per person (2025)
Frequently asked questions
- What is trade in services in IDA total?
- Trade in services in IDA total was 10.3% 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 total?
- The highest recorded value was 11.4% in 1999.
- What is the lowest trade in services recorded in IDA total?
- The lowest recorded value was 6.2% in 1982.
- How does IDA total rank for trade in services?
- IDA total ranks 32nd out of 47 groups with data for 2024.
- Is trade in services rising or falling in IDA total?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is rising.
- Where does this IDA total 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.
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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.