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|
|European Union||USD bil||1,657||1,628||1,758||1,893||1,804|
|South Korea||USD bil||103||108||110||115||112|