Travel services in Low income
Low income: Travel services was 29.6% in 2022. ▼ Falling
Travel services in Low income, 2005–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2022, travel services in Low income stood at 29.6%.
That represents a change of down 2.2% on the previous year and down 18.4% over ten years.
Over the whole period, travel services in Low income peaked at 55.3% in 2010 and was at its lowest, 27.2%, in 2020.
That places Low income 19th out of 45 groups with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Travel services in Low income, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2005 | 50.5% | — |
| 2006 | 47.7% | -5.5% |
| 2007 | 52.6% | +10.2% |
| 2008 | 45.4% | -13.6% |
| 2009 | 49.0% | +7.8% |
| 2010 | 55.3% | +12.9% |
| 2011 | 30.8% | -44.3% |
| 2012 | 36.2% | +17.6% |
| 2013 | 36.9% | +1.7% |
| 2014 | 36.2% | -1.9% |
| 2015 | 34.1% | -5.9% |
| 2016 | 37.5% | +10.1% |
| 2017 | 34.5% | -7.9% |
| 2018 | 38.1% | +10.4% |
| 2019 | 36.0% | -5.6% |
| 2020 | 27.2% | -24.3% |
| 2021 | 30.2% | +10.9% |
| 2022 | 29.6% | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 49.0% | 45.4% | 52.6% | 5 |
| 2010s | 37.6% | 30.8% | 55.3% | 10 |
| 2020s | 29.0% | 27.2% | 30.2% | 3 |
Countries ranked near Low income
- 16 Sint Maarten (Dutch part) 80.8% compare
- 17 Sao Tome and Principe 80.8% compare
- 18 Dominican Republic 78.4% compare
- 19 Cape Verde 78.3% compare
- 20 Saint Kitts and Nevis 78.2% compare
- 21 Jordan 76.5% compare
- 22 Guyana 75.4% compare
More economy & growth data for Low income
- General government final consumption expenditure (current US$) 11.74 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 665.53 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.7948 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 3.09 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 76.83 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0918 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 4.91 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 101.2 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1209 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is travel services in Low income?
- Travel services in Low income was 29.6% in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Low income?
- The highest recorded value was 55.3% in 2010.
- What is the lowest travel services recorded in Low income?
- The lowest recorded value was 27.2% in 2020.
- How does Low income rank for travel services?
- Low income ranks 19th out of 45 groups with data for 2022.
- Is travel services rising or falling in Low income?
- Over the last ten years it is down 18.4%. The long-run trend across the full record is falling.
- Where does this Low 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.
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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.