Exports of Services (BoP, USD) rose 17.6% to USD 23.4 bil in Romania in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Romania | May 17, 2019
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Exports of services as a part of balance of payment reached 23.4 USD bil in 2017 in Romania, according to the National Statistical Office. This is 17.6 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Romania reached an all time high of 23.4 USD bil in 2017 and an all time low of 0.265 USD bil in 1972. When compared to Romania's main peers, exports of services as a part of balance of payment in Bulgaria amounted to 8.89 USD bil, 26.9 USD bil in Hungary, 1.24 USD bil in Moldova and 14.2 USD bil in Ukraine in 2017.

Romania has been ranked 42nd within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 3 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
Austria USD bil 59.2 57.9 64.6 68.6 59.1
Bulgaria USD bil 7.46 7.40 7.81 9.02 7.73
Czech Republic USD bil 24.9 24.2 24.0 25.1 22.8
Greece USD bil 40.2 35.3 37.2 41.3 35.1
Hungary USD bil 22.3 20.6 22.6 24.9 22.4
Moldova USD bil 0.998 1.02 1.14 1.14 0.981
Poland USD bil 40.9 41.0 44.6 48.7 45.1
Romania USD bil 12.1 12.7 17.9 20.0 18.5
Russia USD bil 58.0 62.3 70.1 65.7 51.6
Serbia USD bil 4.21 3.97 4.55 5.04 4.74
Slovakia USD bil 7.27 7.77 9.25 9.14 8.12
Turkey USD bil 41.3 43.6 48.2 51.9 47.0
Ukraine USD bil 21.3 22.1 22.6 14.9 12.4