Exports of Services (BoP, USD) rose 13.1% to USD 44.6 bil in Israel in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Israel | May 17, 2019
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Exports of services as a part of balance of payment reached 44.6 USD bil in 2017 in Israel, according to the National Statistical Office. This is 13.1 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Israel reached an all time high of 44.6 USD bil in 2017 and an all time low of 0.095 USD bil in 1960. When compared to Israel's main peers, exports of services as a part of balance of payment in Egypt amounted to 19.5 USD bil, 6.79 USD bil in Jordan and 15.2 USD bil in Lebanon in 2017.

Israel has been ranked 28th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 6 places above the position seen 10 years ago.

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
Cyprus USD bil 10.3 9.46 10.5 10.8 9.50
Egypt USD bil 19.1 21.8 18.3 21.9 18.5
Iraq USD bil 2.82 2.83 2.80 3.58 5.03
Israel USD bil 29.2 31.6 35.5 36.2 36.8
Jordan USD bil 5.74 6.42 6.32 7.14 6.27
Lebanon USD bil 18.6 15.1 15.5 14.8 15.9
Libya USD bil 0.040 0.152 0.180 0.079 0.483 ...
Saudi Arabia USD bil 11.5 11.0 11.8 12.5 14.5
Sudan USD bil 0.833 1.06 1.26 1.57 1.73
Syria USD bil ... ... ... ... ... ... ...
Turkey USD bil 41.3 43.6 48.2 51.9 47.0