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|
|European Union||USD bil||1,921||1,911||2,071||2,230||2,093|
|South Korea||USD bil||90.6||103||103||112||97.5|