Imports of Services (BoP, USD) rose 9.5214785962182% to USD 12.4 bil in Colombia in 2017

Imports of Services (BoP, USD) (USD bil)
Economy | Colombia | May 17, 2019
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Imports of services as a part of balance of payment reached 12.4 USD bil in 2017 in Colombia, according to the National Statistical Office. This is 9.52 % more than in the previous year.

Historically, imports of services as a part of balance of payment in Colombia reached an all time high of 14.4 USD bil in 2014 and an all time low of 0.243 USD bil in 1968. When compared to Colombia's main peers, imports of services as a part of balance of payment in Brazil amounted to 68.3 USD bil and 8.83 USD bil in Peru in 2017.

Colombia has been ranked 56th within the group of 156 countries we follow in terms of imports of services as a part of balance of payment, 1 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.

Imports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bolivia USD bil 1.65 1.92 2.33 3.03 2.84
Brazil USD bil 74.1 79.0 84.4 88.1 70.7
Chile USD bil 15.4 14.8 15.5 14.4 13.1
Colombia USD bil 11.1 12.6 13.4 14.4 12.2
Guyana USD bil 0.434 0.526 0.503 0.426 0.423 ...
Peru USD bil 6.51 7.42 7.84 7.84 8.28
Trinidad and Tobago USD bil 2.48 2.91 2.65 2.76 2.94
Venezuela USD bil 16.9 19.4 19.3 17.0 13.8 ...