Travel services in Late-demographic dividend
Late-demographic dividend: Travel services was 21.9% in 2025. ▼ Falling
Travel services in Late-demographic dividend, 1982–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Late-demographic dividend recorded 21.9% for travel services in 2025.
Compared with earlier readings it is up 19.1% on the previous year and down 15.2% over ten years.
Over the whole period, travel services in Late-demographic dividend peaked at 45.9% in 1990 and was at its lowest, 7.2%, in 2021.
That places Late-demographic dividend 29th out of 45 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 44 years of available data.
Travel services in Late-demographic dividend, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1982 | 33.5% | — |
| 1983 | 33.7% | +0.9% |
| 1984 | 34.2% | +1.5% |
| 1985 | 34.5% | +0.9% |
| 1986 | 37.9% | +9.8% |
| 1987 | 40.2% | +6.1% |
| 1988 | 42.3% | +5.3% |
| 1989 | 43.5% | +2.8% |
| 1990 | 45.9% | +5.5% |
| 1991 | 43.0% | -6.4% |
| 1992 | 41.6% | -3.1% |
| 1993 | 40.1% | -3.6% |
| 1994 | 41.1% | +2.3% |
| 1995 | 40.6% | -1.3% |
| 1996 | 43.9% | +8.3% |
| 1997 | 32.5% | -26.1% |
| 1998 | 32.2% | -0.8% |
| 1999 | 31.8% | -1.3% |
| 2000 | 32.5% | +2.4% |
| 2001 | 31.6% | -2.7% |
| 2002 | 32.0% | +1.0% |
| 2003 | 36.4% | +13.9% |
| 2004 | 38.0% | +4.3% |
| 2005 | 32.0% | -15.8% |
| 2006 | 31.3% | -2.1% |
| 2007 | 29.0% | -7.5% |
| 2008 | 26.9% | -7.0% |
| 2009 | 28.0% | +3.9% |
| 2010 | 27.3% | -2.3% |
| 2011 | 26.7% | -2.3% |
| 2012 | 27.4% | +2.6% |
| 2013 | 27.1% | -0.9% |
| 2014 | 25.3% | -6.7% |
| 2015 | 25.8% | +1.9% |
| 2016 | 26.2% | +1.3% |
| 2017 | 24.9% | -4.6% |
| 2018 | 24.2% | -2.8% |
| 2019 | 23.2% | -4.3% |
| 2020 | 8.2% | -64.8% |
| 2021 | 7.2% | -12.1% |
| 2022 | 12.1% | +68.7% |
| 2023 | 18.1% | +49.8% |
| 2024 | 18.4% | +1.2% |
| 2025 | 21.9% | +19.1% |
Biggest year-on-year movements
Years where Travel services in Late-demographic dividend 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 |
|---|---|---|---|
| 2022 | +68.7% | 7.2% | 12.1% |
| 2020 | -64.8% | 23.2% | 8.2% |
| 2023 | +49.8% | 12.1% | 18.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 37.5% | 33.5% | 43.5% | 8 |
| 1990s | 39.3% | 31.8% | 45.9% | 10 |
| 2000s | 31.8% | 26.9% | 38.0% | 10 |
| 2010s | 25.8% | 23.2% | 27.4% | 10 |
| 2020s | 14.3% | 7.2% | 21.9% | 6 |
Countries ranked near Late-demographic dividend
More economy & growth data for Late-demographic dividend
- Foreign direct investment, net outflows (BoP, current US$), gaps 244.79 billion BoP, current US$ (2025)
- Gross capital formation (current US$), per unit of GDP 0.3356 current US$ per US$ of GDP (2024)
- GDP 28.99 trillion constant 2015 US$ (2025)
- GDP 31.87 trillion current US$ (2025)
- Inflation, GDP deflator 3.7% (2025)
- Gross capital formation (current US$), per capita 4,321 current US$ per person (2024)
- Gross fixed capital formation (current US$), per capita 4,235 current US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 1.15 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.3289 current US$ per US$ of GDP (2024)
- GDP growth 4.5% (2025)
Frequently asked questions
- What is travel services in Late-demographic dividend?
- Travel services in Late-demographic dividend was 21.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Late-demographic dividend?
- The highest recorded value was 45.9% in 1990.
- What is the lowest travel services recorded in Late-demographic dividend?
- The lowest recorded value was 7.2% in 2021.
- How does Late-demographic dividend rank for travel services?
- Late-demographic dividend ranks 29th out of 45 groups with data for 2025.
- Is travel services rising or falling in Late-demographic dividend?
- Over the last ten years it is down 15.2%. The long-run trend across the full record is falling.
- Where does this Late-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 Travel services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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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.