Exports of services as a part of balance of payment rose 19.1% to USD 2,373 bil in the European Union in 2021, according to the National Statistical Office.
Historically, exports of services as a part of balance of payment in the European Union reached an all time high of USD 2,373 bil in 2021 and an all time low of USD 81.4 bil in 1975. When compared to European Union's main peers, exports of services as a part of balance of payment in China amounted to USD 338 bil, USD 170 bil in Japan, USD 55.7 bil in Russia and USD 795 bil in USA in 2021.
European Union has been ranked th within the group of 140 countries we follow in terms of exports of services as a part of balance of payment.
Exports of Services (BoP, USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Canada | USD bil | 85.0 | 87.5 | 94.8 | 105 | 113 | ||||||||||||||||
China | USD bil | 217 | 208 | 213 | 234 | 244 | ||||||||||||||||
European Union | USD bil | 1,727 | 1,778 | 1,976 | 2,203 | 2,247 | ||||||||||||||||
Germany | USD bil | 281 | 293 | 322 | 357 | 356 | ||||||||||||||||
India | USD bil | 156 | 162 | 185 | 205 | 215 | ||||||||||||||||
Japan | USD bil | 163 | 176 | 187 | 194 | 209 | ||||||||||||||||
Mexico | USD bil | 22.9 | 24.2 | 27.6 | 29.0 | 31.7 | ||||||||||||||||
Russia | USD bil | 51.6 | 50.6 | 57.5 | 64.6 | 62.0 | ||||||||||||||||
South Korea | USD bil | 97.5 | 94.8 | 89.7 | 104 | 104 | ||||||||||||||||
USA | USD bil | 769 | 783 | 837 | 866 | 891 |