Exports of services as a part of balance of payment reached 13.9 USD bil in 2017 in Malta, according to the National Statistical Office. This is 9.1 % more than in the previous year.
Historically, exports of services as a part of balance of payment in Malta reached an all time high of 13.9 USD bil in 2017 and an all time low of 0.082 USD bil in 1971. When compared to Malta's main peers, exports of services as a part of balance of payment in Greece amounted to 32.4 USD bil, 111 USD bil in Italy and 44.0 USD bil in Turkey in 2017.
Malta has been ranked 50th within the group of 120 countries we follow in terms of exports of services as a part of balance of payment, 8 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.
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