Exports of services as a part of balance of payment reached 5,367 USD bil in 2017 in World, according to the National Statistical Office. This is 7.74 % more than in the previous year.
Historically, exports of services as a part of balance of payment in World reached an all time high of 5,367 USD bil in 2017 and an all time low of 208 USD bil in 1976. When compared to World's main peers, exports of services as a part of balance of payment in China amounted to 206 USD bil, 309 USD bil in Germany, 186 USD bil in Japan and 781 USD bil in USA in 2017.
World has been ranked 1st 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|
|South Korea||USD bil||90.6||103||103||112||97.5|