Small states's service exports (current US$, BoP) was US$122.44 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 94.39% from US$62.99 billion in 2014 (6.87% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$122.44 billion | 2024 |
| Five years earlier | US$81.27 billion | 2019 |
| Ten years earlier | US$62.99 billion | 2014 |
| Highest | US$122.44 billion | 2024 |
| Lowest | US$1.98 billion | 1976 |
| Average since 2015 | US$83.35 billion | 2015–2024 |
| First recorded | US$1.98 billion |
What the numbers say
In 2024, Small states' service exports (current US$, BoP) rose 7.6% on 2023 (from US$113.79 billion to US$122.44 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.6% and a typical year strayed about 10.4% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 29.8% in 2021 and the biggest yearly fall was 23.3% in 2020. 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 the straight-line trend is upward, about US$6.4 billion a year. A straight line explains 78% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Small states | US$122.44 billion | 2024 |
| World | US$9.56 trillion | 2025 |
What this measures
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 49 values
| Year | Service exports (current US$, BoP) |
|---|---|
| 2024 | 122,443,967,524 |
| 2023 | 113,786,546,723 |
| 2022 | 101,342,347,009 |
| 2021 | 80,949,692,718 |
| 2020 | 62,351,008,193 |
| 2019 | 81,271,682,914 |
| 2018 | 77,215,028,647 |
| 2017 | 69,064,667,527 |
| 2016 | 64,677,378,060 |
| 2015 | 60,426,941,029 |
Service exports (current US$, BoP) in nearby economies
- Afghanistan — US$699.57 million (2020)
- Algeria — US$3.9 billion (2025)
- Bahrain — US$18.69 billion (2025)
- Djibouti — US$1.17 billion (2024)
- Egypt, Arab Rep. — US$34.07 billion (2025)
- Iraq — US$10.49 billion (2025)
- Israel — US$90.72 billion (2025)
- Jordan — US$9.45 billion (2024)
- Kuwait — US$12.69 billion (2025)
- Lebanon — US$7.92 billion (2023)
- Libya
More economic policy & debt data for Small states
- Foreign direct investment, net outflows (BoP, current US$) — US$12.49 billion (2025)
- Personal remittances, paid (current US$) — US$4.28 billion (2025)
- Foreign direct investment, net inflows (BoP, current US$) — US$40.34 billion (2025)
- Foreign direct investment, net inflows (% of GDP) — 12.23% (2025)
- Portfolio equity, net inflows (BoP, current US$) — US$643.45 million (2025)
- Personal remittances, received (current US$) — US$4.56 billion (2025)
- GDP (current US$) — US$337.31 billion (2025)
- GDP per capita (current US$) — US$16,578 (2025)
- Net financial flows, IBRD (NFL, current US$) — US$94.11 million (2024)
Reading data like this
Questions people ask
- What is Small states's service exports (current US$, BoP)?
- US$122.44 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 6,096% from US$1.98 billion in 1976 (8.98% a year on average, compounded). The highest value was US$122.44 billion in 2024 and the lowest US$1.98 billion in 1976.
- Is the latest change in service exports (current US$, BoP) unusual for Small states?
- In 2024, Small states' service exports (current US$, BoP) rose 7.6% on 2023 (from US$113.79 billion to US$122.44 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.6% and a typical year strayed about 10.4% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator BX.GSR.NFSV.CD, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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