Travel services in Small states
Small states: Travel services was 12.8% in 2024. ▼ Falling
Travel services in Small states, 1992–2024
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 Small states is 12.8%, measured in 2024.
The figure is up 5.7% on the previous year and down 18.0% over ten years.
Over the whole period, travel services in Small states peaked at 26.1% in 2002 and was at its lowest, 6.9%, in 2021.
Small states ranks 43rd of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Travel services in Small states, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1992 | 25.3% | — |
| 1993 | 24.8% | -2.2% |
| 1994 | 24.7% | -0.4% |
| 1995 | 23.8% | -3.5% |
| 1996 | 25.0% | +5.1% |
| 1997 | 23.9% | -4.6% |
| 1998 | 23.3% | -2.6% |
| 1999 | 25.0% | +7.5% |
| 2000 | 24.0% | -4.2% |
| 2001 | 26.0% | +8.5% |
| 2002 | 26.1% | +0.4% |
| 2006 | 20.1% | -22.8% |
| 2007 | 20.0% | -0.6% |
| 2008 | 17.7% | -11.5% |
| 2009 | 17.6% | -0.4% |
| 2010 | 16.1% | -8.6% |
| 2011 | 14.9% | -7.4% |
| 2012 | 14.9% | -0.1% |
| 2013 | 14.5% | -3.0% |
| 2014 | 15.6% | +7.5% |
| 2015 | 15.8% | +1.4% |
| 2016 | 16.9% | +7.0% |
| 2017 | 18.5% | +9.5% |
| 2018 | 17.8% | -3.9% |
| 2019 | 16.8% | -5.5% |
| 2020 | 7.1% | -57.9% |
| 2021 | 6.9% | -2.9% |
| 2022 | 10.0% | +45.5% |
| 2023 | 12.1% | +21.1% |
| 2024 | 12.8% | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.5% | 23.3% | 25.3% | 8 |
| 2000s | 21.7% | 17.6% | 26.1% | 7 |
| 2010s | 16.2% | 14.5% | 18.5% | 10 |
| 2020s | 9.7% | 6.9% | 12.8% | 5 |
Countries ranked near Small states
More economy & growth data for Small states
- General government final consumption expenditure (current US$), per 0.2055 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.64 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9,468 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.5711 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 9.91 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 2,363 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1426 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.06 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 3,407 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0009 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is travel services in Small states?
- Travel services in Small states was 12.8% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Small states?
- The highest recorded value was 26.1% in 2002.
- What is the lowest travel services recorded in Small states?
- The lowest recorded value was 6.9% in 2021.
- How does Small states rank for travel services?
- Small states ranks 43rd out of 47 groups with data for 2024.
- Is travel services rising or falling in Small states?
- Over the last ten years it is down 18.0%. The long-run trend across the full record is falling.
- Where does this Small states 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 — 30 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.