Foreign trade in services as a share of GDP rose 3.54% to 26.1% in the European Union in 2021, according to the National Statistical Office.
Historically, foreign trade in services as a share of GDP in the European Union reached an all time high of 27.4% in 2019 and an all time low of 7.93% in 1975. When compared to European Union's main peers, foreign trade in services as a share of GDP in China amounted to 4.38%, 7.66% in Japan, 7.40% in Russia and 5.77% in USA in 2021.
European Union has been ranked th within the group of 139 countries we follow in terms of foreign trade in services as a share of GDP.
Foreign Trade In Services (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Canada | % | 12.2% | 12.6% | 12.5% | 13.2% | 13.7% | ||||||||||||||||
China | % | 5.90% | 5.79% | 5.56% | 5.46% | 5.25% | ||||||||||||||||
European Union | % | 24.5% | 24.6% | 25.5% | 26.0% | 27.4% | ||||||||||||||||
Germany | % | 17.3% | 17.6% | 18.2% | 18.4% | 18.8% | ||||||||||||||||
India | % | 11.4% | 11.2% | 11.1% | 12.2% | 12.2% | ||||||||||||||||
Japan | % | 7.68% | 7.24% | 7.70% | 7.89% | 8.37% | ||||||||||||||||
Mexico | % | 4.74% | 5.31% | 5.58% | 5.64% | 5.62% | ||||||||||||||||
Russia | % | 10.3% | 9.81% | 9.30% | 9.62% | 9.48% | ||||||||||||||||
South Korea | % | 14.3% | 13.8% | 13.3% | 13.7% | 14.2% | ||||||||||||||||
USA | % | 6.96% | 6.94% | 7.12% | 6.97% | 6.94% |