Travel services in Least developed countries
Least developed countries: Travel services was 15.5% in 2024. ▼ Falling
Travel services in Least developed countries, 1980–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for travel services in Least developed countries is 15.5%, measured in 2024.
That represents a change of up 4.6% on the previous year and up 73.6% over ten years.
Over the whole period, travel services in Least developed countries peaked at 19.5% in 1994 and was at its lowest, 7.5%, in 2020.
Least developed countries ranks 36th of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 42 years of available data.
Travel services in Least developed countries, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1980 | 10.8% | — |
| 1981 | 10.4% | -3.8% |
| 1985 | 13.9% | +34.0% |
| 1986 | 15.3% | +10.6% |
| 1987 | 18.3% | +19.5% |
| 1988 | 17.3% | -5.8% |
| 1989 | 17.8% | +2.7% |
| 1990 | 15.1% | -15.0% |
| 1991 | 15.9% | +5.6% |
| 1992 | 16.1% | +1.1% |
| 1993 | 17.2% | +6.8% |
| 1994 | 19.5% | +13.2% |
| 1995 | 18.2% | -6.6% |
| 1996 | 17.5% | -3.6% |
| 1997 | 17.4% | -0.8% |
| 1998 | 16.4% | -5.9% |
| 1999 | 16.3% | -0.2% |
| 2000 | 15.9% | -2.4% |
| 2001 | 12.6% | -20.9% |
| 2002 | 12.5% | -0.5% |
| 2003 | 12.3% | -2.2% |
| 2004 | 12.2% | -0.7% |
| 2005 | 13.1% | +7.8% |
| 2006 | 14.9% | +13.4% |
| 2007 | 12.9% | -13.2% |
| 2008 | 10.0% | -22.6% |
| 2009 | 10.2% | +1.5% |
| 2010 | 10.4% | +2.6% |
| 2011 | 9.6% | -7.9% |
| 2012 | 9.2% | -4.0% |
| 2013 | 8.8% | -4.7% |
| 2014 | 8.9% | +1.6% |
| 2015 | 10.5% | +17.4% |
| 2016 | 12.2% | +17.0% |
| 2017 | 12.9% | +5.0% |
| 2018 | 12.7% | -1.4% |
| 2019 | 13.9% | +9.5% |
| 2020 | 7.5% | -46.1% |
| 2021 | 8.4% | +11.6% |
| 2022 | 11.8% | +41.8% |
| 2023 | 14.8% | +24.8% |
| 2024 | 15.5% | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 14.8% | 10.4% | 18.3% | 7 |
| 1990s | 17.0% | 15.1% | 19.5% | 10 |
| 2000s | 12.7% | 10.0% | 15.9% | 10 |
| 2010s | 10.9% | 8.8% | 13.9% | 10 |
| 2020s | 11.6% | 7.5% | 15.5% | 5 |
Countries ranked near Least developed countries
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 15.5% 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 19.5% in 1994.
- What is the lowest travel services recorded in Least developed countries?
- The lowest recorded value was 7.5% in 2020.
- How does Least developed countries rank for travel services?
- Least developed countries ranks 36th out of 47 groups with data for 2024.
- Is travel services rising or falling in Least developed countries?
- Over the last ten years it is up 73.6%. The long-run trend across the full record is falling.
- 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 imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 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.