Travel services in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Travel services was 40.9% in 2024. ▲ Rising
Travel services in Europe & Central Asia (excluding high income), 1994–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2024, travel services in Europe & Central Asia (excluding high income) stood at 40.9%.
The figure is up 0.8% on the previous year and down 2.5% over ten years.
Over the whole period, travel services in Europe & Central Asia (excluding high income) peaked at 53.4% in 2004 and was at its lowest, 23.3%, in 2020.
That places Europe & Central Asia (excluding high income) 7th out of 45 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Travel services in Europe & Central Asia (excluding high income), year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1994 | 32.8% | — |
| 1995 | 28.9% | -12.1% |
| 1996 | 31.3% | +8.6% |
| 1997 | 29.2% | -6.9% |
| 1998 | 27.4% | -6.0% |
| 1999 | 27.3% | -0.4% |
| 2000 | 33.3% | +22.0% |
| 2001 | 41.7% | +25.3% |
| 2002 | 44.6% | +7.0% |
| 2003 | 53.1% | +18.9% |
| 2004 | 53.4% | +0.6% |
| 2005 | 51.8% | -2.9% |
| 2006 | 48.4% | -6.7% |
| 2007 | 45.9% | -5.2% |
| 2008 | 44.4% | -3.2% |
| 2009 | 45.4% | +2.3% |
| 2010 | 42.0% | -7.5% |
| 2011 | 41.9% | -0.4% |
| 2012 | 45.4% | +8.5% |
| 2013 | 42.6% | -6.3% |
| 2014 | 42.0% | -1.4% |
| 2015 | 42.4% | +1.1% |
| 2016 | 38.8% | -8.6% |
| 2017 | 40.0% | +2.9% |
| 2018 | 40.4% | +1.1% |
| 2019 | 42.8% | +5.8% |
| 2020 | 23.3% | -45.4% |
| 2021 | 31.7% | +35.8% |
| 2022 | 40.5% | +27.9% |
| 2023 | 40.6% | +0.1% |
| 2024 | 40.9% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.5% | 27.3% | 32.8% | 6 |
| 2000s | 46.2% | 33.3% | 53.4% | 10 |
| 2010s | 41.8% | 38.8% | 45.4% | 10 |
| 2020s | 35.4% | 23.3% | 40.9% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
More economy & growth data for Europe & Central Asia (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.77 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,786 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 15.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.56 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 20.44 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.18 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0018 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 16.87 % change on previous year (2025)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is travel services in Europe & Central Asia (excluding high income)?
- Travel services in Europe & Central Asia (excluding high income) was 40.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 53.4% in 2004.
- What is the lowest travel services recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 23.3% in 2020.
- How does Europe & Central Asia (excluding high income) rank for travel services?
- Europe & Central Asia (excluding high income) ranks 7th out of 45 groups with data for 2024.
- Is travel services rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (excluding high income) data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Travel services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.