Service exports — all countries

Service exports — Andorra

Service exports in Andorra in 2024 — 3,378,609,949 US$. Ranked 103 in the world out of 165. Since 2019, the indicator has risen by 53.2%.

2024 3.38B US$ +15.2% vs 2023
World rank 103of 165
Period maximum 3.38B US$2024
Period minimum 1.67B US$2020

Trend over time

2019–2024 · US$

Service exports — Andorra, 2019–20241.5B2B2.5B3B3.5B2019202020212022202320242019: 2,204,927,598 US$2020: 1,672,440,919 US$2021: 2,269,486,795 US$2022: 2,537,204,320 US$2023: 2,932,744,420 US$2024: 3,378,609,949 US$
Change over the period: +1.17B (+53.23%) Average annual rate: 8.91 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Andorra

Andorra 3.38B US$
World 8.85T US$
Southern Europe computed 596B US$
High-income countries computed 7.04T US$
Service exports — Andorra, by year Andorra All countries CSV XLSX
Year US$ Change Change, %
2024 3.38B +446M +15.2%
2023 2.93B +396M +15.59%
2022 2.54B +268M +11.8%
2021 2.27B +597M +35.7%
2020 1.67B −532M −24.15%
2019 2.2B

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

Source: World Development Indicators (World Bank), license CC BY 4.0.