Trade in services in Pre-demographic dividend
Pre-demographic dividend: Trade in services was 11.0% in 2024. ▲ Rising
Trade in services in Pre-demographic dividend, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, trade in services in Pre-demographic dividend stood at 11.0%.
The figure is up 19.8% on the previous year and up 15.2% over ten years.
Over the whole period, trade in services in Pre-demographic dividend peaked at 12.3% in 2001 and was at its lowest, 5.4%, in 1982.
That places Pre-demographic dividend 26th 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 35 years of available data.
Trade in services in Pre-demographic dividend, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 6.0% | — |
| 1982 | 5.4% | -10.7% |
| 1986 | 7.1% | +33.1% |
| 1991 | 8.3% | +16.8% |
| 1992 | 10.8% | +29.7% |
| 1993 | 11.4% | +5.0% |
| 1994 | 10.2% | -10.0% |
| 1995 | 6.7% | -34.8% |
| 1996 | 6.0% | -10.4% |
| 1997 | 5.6% | -6.7% |
| 1998 | 5.4% | -2.2% |
| 2001 | 12.3% | +126.4% |
| 2002 | 11.0% | -11.1% |
| 2003 | 10.3% | -6.0% |
| 2004 | 10.3% | +0.1% |
| 2005 | 9.9% | -4.1% |
| 2006 | 10.2% | +2.7% |
| 2007 | 10.3% | +1.6% |
| 2008 | 11.1% | +7.9% |
| 2009 | 11.1% | -0.4% |
| 2010 | 10.4% | -6.0% |
| 2011 | 10.7% | +2.3% |
| 2012 | 9.9% | -7.1% |
| 2013 | 9.4% | -4.6% |
| 2014 | 9.6% | +1.2% |
| 2015 | 9.7% | +1.8% |
| 2016 | 9.3% | -4.7% |
| 2017 | 9.9% | +6.7% |
| 2018 | 10.3% | +4.1% |
| 2019 | 9.4% | -8.8% |
| 2020 | 7.3% | -22.5% |
| 2021 | 7.2% | -0.6% |
| 2022 | 8.0% | +10.4% |
| 2023 | 9.2% | +15.0% |
| 2024 | 11.0% | +19.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.2% | 5.4% | 7.1% | 3 |
| 1990s | 8.0% | 5.4% | 11.4% | 8 |
| 2000s | 10.7% | 9.9% | 12.3% | 9 |
| 2010s | 9.9% | 9.3% | 10.7% | 10 |
| 2020s | 8.6% | 7.2% | 11.0% | 5 |
Countries ranked near Pre-demographic dividend
- 23 Turks and Caicos Islands 68.1% compare
- 24 Saint Kitts and Nevis 66.5% compare
- 25 Bahrain 62.3% compare
- 26 Denmark 59.9% compare
- 27 Estonia 58.8% compare
- 28 Kosovo 57.1% compare
- 28 Kosovo (UNSCR 1244) 57.1% compare
More economy & growth data for Pre-demographic dividend
- GDP (current US$), per capita 1,470 current US$ per person (2025)
- GNI (current US$), annual growth rate 9.75 % change on previous year (2025)
- GNI, Atlas method (current US$), per capita 1,431 current US$ per person (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9738 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), annual growth rate 0.7278 % change on previous year (2025)
- GDP (constant 2015 US$), per capita 1,454 constant 2015 US$ per person (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9891 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), annual growth rate 3.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,396 current US$ per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.67 % change on previous year (2025)
Frequently asked questions
- What is trade in services in Pre-demographic dividend?
- Trade in services in Pre-demographic dividend was 11.0% 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 Pre-demographic dividend?
- The highest recorded value was 12.3% in 2001.
- What is the lowest trade in services recorded in Pre-demographic dividend?
- The lowest recorded value was 5.4% in 1982.
- How does Pre-demographic dividend rank for trade in services?
- Pre-demographic dividend ranks 26th out of 47 groups with data for 2024.
- Is trade in services rising or falling in Pre-demographic dividend?
- Over the last ten years it is up 15.2%. The long-run trend across the full record is rising.
- Where does this Pre-demographic dividend 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 — 35 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.