Transport services in Least developed countries
Least developed countries: Transport services was 31.9% in 2024. ▲ Rising
Transport services in Least developed countries, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for transport services in Least developed countries is 31.9%, measured in 2024.
Compared with earlier readings it is up 2.7% on the previous year and up 48.2% over ten years.
Over the whole period, transport services in Least developed countries peaked at 33.9% in 2021 and was at its lowest, 15.2%, in 1994.
That places Least developed countries 3rd out of 45 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Transport services in Least developed countries, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1990 | 21.7% | — |
| 1991 | 21.5% | -1.0% |
| 1992 | 19.1% | -11.1% |
| 1993 | 16.8% | -11.9% |
| 1994 | 15.2% | -9.7% |
| 1995 | 15.6% | +2.7% |
| 1996 | 18.3% | +17.1% |
| 1997 | 17.0% | -6.7% |
| 1998 | 17.0% | -0.1% |
| 1999 | 16.1% | -5.5% |
| 2000 | 16.0% | -0.4% |
| 2001 | 17.4% | +8.5% |
| 2002 | 16.7% | -3.8% |
| 2003 | 16.8% | +0.8% |
| 2004 | 16.6% | -1.3% |
| 2005 | 16.9% | +1.7% |
| 2006 | 15.4% | -8.6% |
| 2007 | 16.0% | +3.7% |
| 2008 | 16.5% | +2.8% |
| 2009 | 15.5% | -5.9% |
| 2010 | 17.2% | +11.1% |
| 2011 | 19.2% | +11.8% |
| 2012 | 19.4% | +0.9% |
| 2013 | 21.6% | +11.3% |
| 2014 | 21.5% | -0.5% |
| 2015 | 22.0% | +2.2% |
| 2016 | 20.4% | -7.1% |
| 2017 | 22.0% | +8.0% |
| 2018 | 22.3% | +1.3% |
| 2019 | 22.1% | -0.9% |
| 2020 | 30.9% | +39.5% |
| 2021 | 33.9% | +9.6% |
| 2022 | 33.4% | -1.4% |
| 2023 | 31.0% | -7.1% |
| 2024 | 31.9% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.8% | 15.2% | 21.7% | 10 |
| 2000s | 16.4% | 15.4% | 17.4% | 10 |
| 2010s | 20.8% | 17.2% | 22.3% | 10 |
| 2020s | 32.2% | 30.9% | 33.9% | 5 |
Countries ranked near Least developed countries
More economy & growth data for Least developed countries
- Gross national expenditure (current US$), per capita 1,468 current US$ per person (2025)
- Gross national expenditure (current US$), per unit of GDP 1.08 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), annual growth rate 5.06 % change on previous year (2025)
- Final consumption expenditure (constant 2015 US$), per capita 954.89 constant 2015 US$ per person (2025)
- Gross domestic savings (current US$), per capita 251.7 current US$ per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.3 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8162 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 1,112 constant 2015 US$ per person (2025)
- Gross domestic savings (current US$), annual growth rate 13.97 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1848 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is transport services in Least developed countries?
- Transport services in Least developed countries was 31.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Least developed countries?
- The highest recorded value was 33.9% in 2021.
- What is the lowest transport services recorded in Least developed countries?
- The lowest recorded value was 15.2% in 1994.
- How does Least developed countries rank for transport services?
- Least developed countries ranks 3rd out of 45 groups with data for 2024.
- Is transport services rising or falling in Least developed countries?
- Over the last ten years it is up 48.2%. The long-run trend across the full record is rising.
- Where does this Least developed countries data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.