Travel services in Least developed countries
Least developed countries: Travel services was 38.1% in 2024. ▬ Flat
Travel 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 travel services in Least developed countries is 38.1%, measured in 2024.
That represents a change of up 0.9% on the previous year and down 15.9% over ten years.
Over the whole period, travel services in Least developed countries peaked at 46.2% in 2016 and was at its lowest, 24.4%, in 2020.
Least developed countries ranks 12th of 45 groups on this measure, in the top quarter.
Travel services in Least developed countries, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1990 | 25.5% | — |
| 1996 | 33.8% | +32.3% |
| 2002 | 40.2% | +19.1% |
| 2003 | 39.0% | -3.0% |
| 2004 | 40.2% | +3.1% |
| 2005 | 42.0% | +4.3% |
| 2006 | 37.1% | -11.5% |
| 2007 | 44.1% | +18.7% |
| 2008 | 41.0% | -6.9% |
| 2009 | 43.0% | +4.7% |
| 2010 | 42.7% | -0.7% |
| 2011 | 40.7% | -4.5% |
| 2012 | 43.3% | +6.2% |
| 2013 | 43.5% | +0.7% |
| 2014 | 45.4% | +4.2% |
| 2015 | 45.3% | -0.2% |
| 2016 | 46.2% | +2.0% |
| 2017 | 45.4% | -1.6% |
| 2018 | 43.5% | -4.3% |
| 2019 | 42.6% | -2.1% |
| 2020 | 24.4% | -42.6% |
| 2021 | 24.6% | +0.5% |
| 2022 | 30.7% | +25.1% |
| 2023 | 37.8% | +23.1% |
| 2024 | 38.1% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.7% | 25.5% | 33.8% | 2 |
| 2000s | 40.8% | 37.1% | 44.1% | 8 |
| 2010s | 43.8% | 40.7% | 46.2% | 10 |
| 2020s | 31.1% | 24.4% | 38.1% | 5 |
Countries ranked near Least developed countries
- 9 Andorra 85.1% compare
- 10 Saint Vincent and the Grenadines 85.1% compare
- 11 Palau 84.7% compare
- 12 Tuvalu 84.5% compare
- 13 Syrian Arab Republic 84.4% compare
- 14 Antigua and Barbuda 84.3% compare
- 15 Jamaica 82.1% compare
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)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.7011 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (constant 2015 US$), annual growth rate 4.82 % change on previous year (2025)
- Final consumption expenditure (current US$), per capita 1,110 current US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8152 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 5.83 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 843.25 constant 2015 US$ per person (2025)
Frequently asked questions
- What is travel services in Least developed countries?
- Travel services in Least developed countries was 38.1% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Least developed countries?
- The highest recorded value was 46.2% in 2016.
- What is the lowest travel services recorded in Least developed countries?
- The lowest recorded value was 24.4% in 2020.
- How does Least developed countries rank for travel services?
- Least developed countries ranks 12th out of 45 groups with data for 2024.
- Is travel services rising or falling in Least developed countries?
- Over the last ten years it is down 15.9%. The long-run trend across the full record is flat.
- 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 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.