Travel services in Europe & Central Asia (IDA & IBRD countries)
Europe & Central Asia (IDA & IBRD countries): Travel services was 30.6% in 2024. ▼ Falling
Travel services in Europe & Central Asia (IDA & IBRD countries), 1994–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2024, travel services in Europe & Central Asia (IDA & IBRD countries) stood at 30.6%.
Compared with earlier readings it is down 2.1% on the previous year and down 7.5% over ten years.
Over the whole period, travel services in Europe & Central Asia (IDA & IBRD countries) peaked at 37.0% in 1995 and was at its lowest, 15.5%, in 2020.
That places Europe & Central Asia (IDA & IBRD countries) 5th out of 47 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Travel services in Europe & Central Asia (IDA & IBRD countries), year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1994 | 33.1% | — |
| 1995 | 37.0% | +11.8% |
| 1996 | 34.6% | -6.3% |
| 1997 | 33.7% | -2.8% |
| 1998 | 31.4% | -6.7% |
| 1999 | 30.9% | -1.7% |
| 2000 | 36.7% | +18.7% |
| 2001 | 35.8% | -2.5% |
| 2002 | 36.5% | +2.0% |
| 2003 | 33.6% | -7.9% |
| 2004 | 35.3% | +5.0% |
| 2005 | 33.2% | -6.0% |
| 2006 | 31.2% | -6.0% |
| 2007 | 28.8% | -7.7% |
| 2008 | 27.2% | -5.5% |
| 2009 | 28.8% | +6.0% |
| 2010 | 29.5% | +2.5% |
| 2011 | 30.2% | +2.2% |
| 2012 | 32.4% | +7.3% |
| 2013 | 33.9% | +4.5% |
| 2014 | 33.0% | -2.4% |
| 2015 | 32.3% | -2.3% |
| 2016 | 29.0% | -10.0% |
| 2017 | 31.0% | +6.7% |
| 2018 | 31.1% | +0.4% |
| 2019 | 31.0% | -0.6% |
| 2020 | 15.5% | -50.0% |
| 2021 | 17.3% | +11.8% |
| 2022 | 27.5% | +58.9% |
| 2023 | 31.2% | +13.6% |
| 2024 | 30.6% | -2.1% |
Biggest year-on-year movements
Years where Travel services in Europe & Central Asia (IDA & IBRD countries) 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 | +58.9% | 17.3% | 27.5% |
| 2020 | -50.0% | 31.0% | 15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.5% | 30.9% | 37.0% | 6 |
| 2000s | 32.7% | 27.2% | 36.7% | 10 |
| 2010s | 31.3% | 29.0% | 33.9% | 10 |
| 2020s | 24.4% | 15.5% | 31.2% | 5 |
Countries ranked near Europe & Central Asia (IDA & IBRD countries)
More economy & growth data for Europe & Central Asia (IDA & IBRD countries)
- Foreign direct investment, net inflows (BoP, current US$), per capita 161.23 BoP, current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.562 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 17.66 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 1,688 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1103 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.86 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 2,789 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1823 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 17.34 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 26.45 billion BoP, current US$ (2025)
Frequently asked questions
- What is travel services in Europe & Central Asia (IDA & IBRD countries)?
- Travel services in Europe & Central Asia (IDA & IBRD countries) was 30.6% 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 (IDA & IBRD countries)?
- The highest recorded value was 37.0% in 1995.
- What is the lowest travel services recorded in Europe & Central Asia (IDA & IBRD countries)?
- The lowest recorded value was 15.5% in 2020.
- How does Europe & Central Asia (IDA & IBRD countries) rank for travel services?
- Europe & Central Asia (IDA & IBRD countries) ranks 5th out of 47 groups with data for 2024.
- Is travel services rising or falling in Europe & Central Asia (IDA & IBRD countries)?
- Over the last ten years it is down 7.5%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia (IDA & IBRD 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 imports, 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 imports which are services provided by non-residents to residents.