Small states's trade in services (% of GDP) was 64.47% in 2025, the latest year in the World Bank's World Development Indicators. That is up 13.98 percentage points from 50.5% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 64.47% | 2025 |
| Five years earlier | 52.65% | 2020 |
| Ten years earlier | 50.5% | 2015 |
| Highest | 69.24% | 2024 |
| Lowest | 29.32% | 1982 |
| Average since 2016 | 58.62% | 2016–2025 |
| First recorded | 30.88% | 1979 |
What the numbers say
In 2025, Small states' trade in services (% of GDP) fell 4.76 percentage points on 2024 (from 69.24% to 64.47%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +1.06 percentage points and a typical year strayed about 2.13 percentage points from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 6.54 percentage points in 2022 and the biggest yearly fall was 4.76 percentage points in 2025. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 1.86 percentage points a year. A straight line explains 80% 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 | 64.47% | 2025 |
| World | 15.19% | 2025 |
What this measures
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 45 values
| Year | Trade in services (% of GDP) |
|---|---|
| 2025 | 64.47 |
| 2024 | 69.24 |
| 2023 | 65.42 |
| 2022 | 62.9 |
| 2021 | 56.36 |
| 2020 | 52.65 |
| 2019 | 56.69 |
| 2018 | 54 |
| 2017 | 51.62 |
| 2016 | 52.88 |
| 2015 |
Trade in services (% of GDP) in nearby economies
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 trade in services (% of GDP)?
- 64.47% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 33.59 percentage points from 30.88% in 1979. The highest value was 69.24% in 2024 and the lowest 29.32% in 1982.
- Is the latest change in trade in services (% of GDP) unusual for Small states?
- In 2025, Small states' trade in services (% of GDP) fell 4.76 percentage points on 2024 (from 69.24% to 64.47%). Across the 30 yearly changes before that (1995 to 2024), the average change was +1.06 percentage points and a typical year strayed about 2.13 percentage points from that (the standard deviation). This year's change was 2.7 standard deviations below that average, so it was unusually large compared with the rest of the record.
- 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); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD).
Source
World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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