Trade in services (% of GDP) in Small states
Small states: Trade in services (% of GDP) was 64.5% in 2025. ▲ Rising
Trade in services in Small states, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, trade in services in Small states stood at 64.5%.
The figure is down 6.9% on the previous year and up 27.7% over ten years.
Over the whole period, trade in services in Small states peaked at 69.2% in 2024 and was at its lowest, 29.3%, in 1982.
Small states ranks 2nd of 47 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 45 years of available data.
Trade in services (% of GDP) in Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1979 | 30.9% | — |
| 1982 | 29.3% | -5.1% |
| 1983 | 29.5% | +0.6% |
| 1984 | 29.8% | +0.8% |
| 1985 | 31.1% | +4.5% |
| 1986 | 33.9% | +9.0% |
| 1987 | 33.4% | -1.4% |
| 1988 | 34.3% | +2.6% |
| 1989 | 36.7% | +6.9% |
| 1990 | 36.2% | -1.2% |
| 1991 | 35.4% | -2.2% |
| 1992 | 37.0% | +4.4% |
| 1993 | 36.5% | -1.3% |
| 1994 | 37.3% | +2.2% |
| 1995 | 37.2% | -0.4% |
| 1996 | 38.2% | +2.8% |
| 1997 | 37.8% | -1.2% |
| 1998 | 38.3% | +1.5% |
| 1999 | 37.9% | -1.1% |
| 2000 | 39.3% | +3.7% |
| 2001 | 37.9% | -3.8% |
| 2002 | 36.4% | -3.9% |
| 2003 | 35.5% | -2.4% |
| 2004 | 38.2% | +7.8% |
| 2005 | 38.1% | -0.3% |
| 2006 | 37.2% | -2.4% |
| 2007 | 38.8% | +4.2% |
| 2008 | 42.4% | +9.2% |
| 2009 | 45.4% | +7.2% |
| 2010 | 44.6% | -1.8% |
| 2011 | 45.9% | +2.8% |
| 2012 | 46.4% | +1.2% |
| 2013 | 48.6% | +4.7% |
| 2014 | 49.2% | +1.2% |
| 2015 | 50.5% | +2.7% |
| 2016 | 52.9% | +4.7% |
| 2017 | 51.6% | -2.4% |
| 2018 | 54.0% | +4.6% |
| 2019 | 56.7% | +5.0% |
| 2020 | 52.7% | -7.1% |
| 2021 | 56.4% | +7.0% |
| 2022 | 62.9% | +11.6% |
| 2023 | 65.4% | +4.0% |
| 2024 | 69.2% | +5.8% |
| 2025 | 64.5% | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.9% | 30.9% | 30.9% | 1 |
| 1980s | 32.3% | 29.3% | 36.7% | 8 |
| 1990s | 37.2% | 35.4% | 38.3% | 10 |
| 2000s | 38.9% | 35.5% | 45.4% | 10 |
| 2010s | 50.0% | 44.6% | 56.7% | 10 |
| 2020s | 61.8% | 52.7% | 69.2% | 6 |
Countries ranked near Small states
More economy & growth data for Small states
- Households and NPISHs Final consumption expenditure (current US$) 9.91 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 3,407 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.06 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1426 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2,363 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5711 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.64 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9,468 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.2055 current US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), annual growth rate 8.69 % change on previous year (2025)
Frequently asked questions
- What is trade in services in Small states?
- Trade in services in Small states was 64.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Small states?
- The highest recorded value was 69.2% in 2024.
- What is the lowest trade in services recorded in Small states?
- The lowest recorded value was 29.3% in 1982.
- How does Small states rank for trade in services?
- Small states ranks 2nd out of 47 groups with data for 2025.
- Is trade in services rising or falling in Small states?
- Over the last ten years it is up 27.7%. The long-run trend across the full record is rising.
- Where does this Small states 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 — 45 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.