Travel Services Share of Service Imports

Travel services account for a percentage of total service imports in national balance of payments. This World Development Indicators metric quantifies the economic weight of non-resident travel expenditures within a country's service import portfolio. The World Bank compiles this data for global economic monitoring.

Use Cases

• Analyze trends in the 'Travel services (% of service imports, BoP)' indicator to assess tourism dependency in national economies.
• Model the relationship between travel service imports and other economic variables like exchange rates or GDP growth.
• Benchmark a country's tourism import share against regional or global averages using the standardized indicator.
• Forecast future service import composition by incorporating the travel services percentage into time-series models.

Strengths

• Indicator is standardized for cross-country comparison by the World Bank.
• Data is part of the World Development Indicators, a curated collection of development metrics.

Limitations

• Specific row count, time range, and geographic coverage for this indicator are unknown.
• Underlying data collection methodologies may vary between reporting countries, affecting consistency.

Provenance

Source

World Development Indicators, The World Bank

Collection Method

Compiled from officially reported national balance of payments statistics.

Geography

Global coverage, specific countries unknown.