Exports of Services (BoP, USD) rose 10.1% to USD 2,276 bil in European Union in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | European Union | March 11, 2019
$4.49
Excel Sheet

Exports of services as a part of balance of payment reached 2,276 USD bil in 2017 in European Union, according to the National Statistical Office. This is 10.1 % more than in the previous year.

Historically, exports of services as a part of balance of payment in European Union reached an all time high of 2,276 USD bil in 2017 and an all time low of 98.3 USD bil in 1975. When compared to European Union's main peers, exports of services as a part of balance of payment in China amounted to 206 USD bil, 186 USD bil in Japan, 57.8 USD bil in Russia and 781 USD bil in USA in 2017.

European Union has been ranked 2nd within the group of 120 countries we follow in terms of exports of services as a part of balance of payment.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Canada USD bil 85.3 89.3 90.4 88.9 81.2
China USD bil 201 202 207 219 217
European Union USD bil 1,921 1,911 2,071 2,230 2,093
Germany USD bil 252 252 273 299 277
India USD bil 139 146 149 157 156
Japan USD bil 141 137 135 164 163
Mexico USD bil 15.8 16.4 18.1 21.2 22.9
Russia USD bil 58.0 62.3 70.1 65.7 51.6
South Korea USD bil 90.6 103 103 112 97.5
USA USD bil 627 656 700 741 755