Trade in services (% of GDP) in Low income
Low income: Trade in services (% of GDP) was 9.4% in 2024. ▲ Rising
Trade in services in Low income, 1980–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Low income stood at 9.4%.
The figure is down 12.2% on the previous year and down 24.0% over ten years.
Over the whole period, trade in services in Low income peaked at 13.7% in 2012 and was at its lowest, 5.9%, in 1991.
That places Low income 35th 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 34 years of available data.
Trade in services (% of GDP) in Low income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 7.8% | — |
| 1981 | 7.8% | +0.2% |
| 1982 | 7.6% | -2.5% |
| 1983 | 7.4% | -2.9% |
| 1984 | 7.0% | -5.3% |
| 1985 | 8.8% | +26.3% |
| 1986 | 7.5% | -14.7% |
| 1987 | 8.7% | +15.8% |
| 1988 | 8.5% | -2.2% |
| 1989 | 8.4% | -1.5% |
| 1990 | 6.7% | -20.3% |
| 1991 | 5.9% | -12.3% |
| 1996 | 13.1% | +123.6% |
| 1997 | 11.9% | -8.7% |
| 2005 | 11.9% | +0.1% |
| 2006 | 12.0% | +0.4% |
| 2007 | 12.0% | +0.1% |
| 2008 | 12.4% | +3.2% |
| 2009 | 11.7% | -5.9% |
| 2010 | 12.7% | +8.5% |
| 2011 | 13.3% | +5.2% |
| 2012 | 13.7% | +2.8% |
| 2013 | 12.8% | -6.3% |
| 2014 | 12.4% | -3.4% |
| 2015 | 10.8% | -13.0% |
| 2016 | 11.3% | +4.4% |
| 2017 | 11.4% | +1.6% |
| 2018 | 13.2% | +15.2% |
| 2019 | 12.3% | -6.9% |
| 2020 | 10.8% | -12.2% |
| 2021 | 11.1% | +3.1% |
| 2022 | 11.2% | +0.8% |
| 2023 | 10.7% | -4.2% |
| 2024 | 9.4% | -12.2% |
Biggest year-on-year movements
Years where Trade in services (% of GDP) in Low 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 |
|---|---|---|---|
| 1996 | +123.6% | 5.9% | 13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.9% | 7.0% | 8.8% | 10 |
| 1990s | 9.4% | 5.9% | 13.1% | 4 |
| 2000s | 12.0% | 11.7% | 12.4% | 5 |
| 2010s | 12.4% | 10.8% | 13.7% | 10 |
| 2020s | 10.6% | 9.4% | 11.2% | 5 |
Countries ranked near Low income
More economy & growth data for Low income
- General government final consumption expenditure (current US$) 11.74 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.7948 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 3.09 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 76.83 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0918 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 4.38 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 4.91 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 101.2 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1209 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Low income?
- Trade in services in Low income was 9.4% 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 Low income?
- The highest recorded value was 13.7% in 2012.
- What is the lowest trade in services recorded in Low income?
- The lowest recorded value was 5.9% in 1991.
- How does Low income rank for trade in services?
- Low income ranks 35th out of 47 groups with data for 2024.
- Is trade in services rising or falling in Low income?
- Over the last ten years it is down 24.0%. The long-run trend across the full record is rising.
- Where does this Low 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.
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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.