World Bank data measures travel services as a percentage of total service exports for national economies. The indicator quantifies the economic contribution of nonresident and resident travel expenditures within the Balance of Payments framework. It is compiled by the World Bank's World Development Indicators team.
Use Cases
- Analyze the relative importance of travel services versus other service exports for a country using the percentage value.
- Model trends in tourism dependency by tracking the travel services percentage indicator over time.
- Compare national economic structures by ranking countries based on their travel services export share.
- Correlate travel services share with other macroeconomic indicators like GDP or foreign direct investment.
Strengths
- Data originates from the authoritative World Development Indicators collection.
- Indicator provides a standardized, comparable metric across countries.
Limitations
- Specific row count, time range, and geographic coverage are unknown.
- Underlying data collection methodologies may vary between reporting countries.
- The dataset may not distinguish between business and leisure travel components.
Provenance
- Source
- World Bank, World Development Indicators
- Collection Method
- Compiled from national Balance of Payments statistics reported to international organizations.
- Time Range
- null
- Freshness
- null
- Geography
- Country-level, global coverage (specific countries unknown)