Foreign Trade In Services (As % of GDP) rose to 10.1% in Australia in 2017

Foreign Trade In Services (As % of GDP) (%)
Economy | Australia | May 17, 2019
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Excel Sheet

Foreign trade in services as a share of GDP reached 10.1 % in 2017 in Australia, according to the National Statistical Office. This is 1.25 % more than in the previous year.

Historically, foreign trade in services as a share of GDP in Australia reached an all time high of 10.1 % in 2017 and an all time low of 7.56 % in 1989. When compared to Australia's main peers, foreign trade in services as a share of GDP in Indonesia amounted to 5.72 %, 25.2 % in Malaysia, 14.6 % in New Zealand and 8.87 % in Papua New Guinea in 2017.

Australia has been ranked 121st within the group of 156 countries we follow in terms of foreign trade in services as a share of GDP, 10 places above the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Australia % 8.22% 7.80% 7.68% 8.48% 8.79%
Cambodia % 32.1% 34.0% 34.7% 35.3% 34.3%
Indonesia % 6.00% 6.31% 6.35% 6.41% 6.17%
Malaysia % 25.9% 26.7% 27.0% 25.8% 25.3%
New Zealand % 15.1% 14.5% 13.7% 13.8% 15.0%
Papua New Guinea % 18.8% 19.8% 20.2% 10.8% 7.17%
Philippines % 13.9% 13.9% 14.6% 16.3% 18.0%
Singapore % 86.9% 91.1% 96.5% 104% 105%
Thailand % 23.6% 24.0% 25.3% 24.7% 26.0%
Vietnam % 15.3% 13.9% 14.3% 13.7% 13.8%