Nicaragua: Travel services (% of service exports, BoP)

Key figures

What the numbers say

In 2024, Nicaragua's travel services (% of service exports, BoP) fell 8.05 percentage points on 2023 (from 47.41% to 39.36%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.21 percentage points and a typical year strayed about 7.81 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 20.57 percentage points in 2022 and the biggest yearly fall was 21.9 percentage points in 1983. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 8% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Nicaragua had the 13th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Nicaragua in the 2024 ranking

• Marshall Islands — 9th of 29: 46.82%
• Guinea-Bissau — 10th of 29: 44.49%
• Zimbabwe — 11th of 29: 44.35%
• Côte d'Ivoire — 13th of 29: 38.91%
• Haiti — 14th of 29: 37.71%
• Namibia — 15th of 29: 33.81%

What this measures

Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 48 values

Travel services (% of service exports, BoP) in nearby economies

• Antigua and Barbuda — 84.27% (2025)
• Argentina — 26.45% (2025)
• Aruba — 87.83% (2023)
• Bahamas, The — 93.9% (2024)
• Barbados — 70.71% (2017)
• Belize — 68.14% (2025)
• Bolivia — 64.55% (2025)
• Brazil — 19.2% (2025)
• Chile — 29.54% (2025)
• Colombia — 48.42% (2025)

More economic policy & debt data for Nicaragua

• General government final consumption expenditure (current US$) — US$2.53 billion (2025)
• General government final consumption expenditure (current LCU) — 92.55 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$2.07 billion (2025)
• General government final consumption expenditure (constant LCU) — 29.48 billion (2025)
• General government final consumption expenditure (% of GDP) — 11.36% (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$13.16 billion (2025)
• Households and NPISHs final consumption expenditure (constant LCU) — 195.05 billion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Nicaragua's travel services (% of service exports, BoP)?

39.36% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1977?

It is down 1.44 percentage points from 40.79% in 1977. The highest value was 53.96% in 2017 and the lowest 14.44% in 1988.

How does Nicaragua rank?

13th highest of 29 economies with data for 2024.

Is the latest change in travel services (% of service exports, BoP) unusual for Nicaragua?

In 2024, Nicaragua's travel services (% of service exports, BoP) fell 8.05 percentage points on 2023 (from 47.41% to 39.36%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.21 percentage points and a typical year strayed about 7.81 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator BX.GSR.TRVL.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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