Imports of Services (BoP, USD) rose 6.4581188840318% to USD 1,941 bil in European Union in 2017

Imports of Services (BoP, USD) (USD bil)
Economy | European Union | May 17, 2019
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Excel Sheet

Imports of services as a part of balance of payment reached 1,941 USD bil in 2017 in European Union, according to the National Statistical Office. This is 6.46 % more than in the previous year.

Historically, imports of services as a part of balance of payment in European Union reached an all time high of 1,941 USD bil in 2017 and an all time low of 91.0 USD bil in 1975. When compared to European Union's main peers, imports of services as a part of balance of payment in China amounted to 472 USD bil, 193 USD bil in Japan, 88.8 USD bil in Russia and 542 USD bil in USA in 2017.

European Union has been ranked 2nd within the group of 156 countries we follow in terms of imports 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.

Imports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Canada USD bil 107 112 113 111 101
China USD bil 248 281 331 433 436
European Union USD bil 1,657 1,628 1,758 1,893 1,804
Germany USD bil 296 294 328 332 295
India USD bil 77.8 79.9 78.7 81.1 82.6
Japan USD bil 176 185 171 193 179
Mexico USD bil 31.4 31.3 32.2 34.5 32.6
Russia USD bil 91.5 109 128 121 88.8
South Korea USD bil 103 108 110 115 112
USA USD bil 436 452 461 481 492