Service exports — all countries

Service exports — Lower-middle-income countries

Service exports in lower-middle-income countries in 2024 — 639,373,169,453 US$. Since 1978, the indicator has risen by 4,914.3%.

2024 639B US$ +7.42% vs 2023
World rank
Period maximum 639B US$2024
Period minimum 12.75B US$1978

Trend over time

1978–2024 · US$

Service exports — Lower-middle-income countries, 1978–20240200B400B600B800B19781983198819931998200320082013201820231978: 12,751,036,095 US$1979: 13,178,828,477 US$1980: 15,471,777,906 US$1981: 15,584,983,010 US$1982: 15,682,367,940 US$1983: 16,156,211,522 US$1984: 15,596,294,070 US$1985: 16,879,228,904 US$1986: 17,706,435,705 US$1987: 18,816,901,033 US$1988: 21,611,322,432 US$1989: 22,990,733,847 US$1990: 27,355,446,249 US$1991: 28,887,424,162 US$1992: 32,744,287,784 US$1993: 34,756,126,707 US$1994: 40,835,711,459 US$1995: 46,409,719,952 US$1996: 57,116,139,202 US$1997: 62,605,974,706 US$1998: 58,027,440,351 US$1999: 61,045,006,679 US$2000: 64,439,407,864 US$2001: 63,795,467,592 US$2002: 75,075,299,030 US$2003: 91,162,370,919 US$2004: 117,879,162,514 US$2005: 142,828,168,763 US$2006: 174,566,903,318 US$2007: 209,578,713,725 US$2008: 250,841,386,149 US$2009: 225,931,319,234 US$2010: 269,018,406,308 US$2011: 298,168,768,631 US$2012: 314,701,322,945 US$2013: 322,245,359,895 US$2014: 333,246,054,565 US$2015: 332,939,030,063 US$2016: 336,685,563,677 US$2017: 381,873,991,146 US$2018: 426,058,929,334 US$2019: 450,864,744,044 US$2020: 351,429,578,859 US$2021: 410,793,025,408 US$2022: 534,439,423,312 US$2023: 595,196,087,244 US$2024: 639,373,169,453 US$
Change over the period: +627B (+4,914.28%) Average annual rate: 8.88 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Lower-middle-income countries

Lower-middle-income countries 639B US$
World 8.85T US$
Service exports — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year US$ Change Change, %
2024 639B +44.18B +7.42%
2023 595B +60.76B +11.37%
2022 534B +124B +30.1%
2021 411B +59.36B +16.89%
2020 351B −99.44B −22.05%
2019 451B +24.81B +5.82%
2018 426B +44.18B +11.57%
2017 382B +45.19B +13.42%
2016 337B +3.75B +1.13%
2015 333B −307M −0.09%
2014 333B +11B +3.41%
2013 322B +7.54B +2.4%
2012 315B +16.53B +5.54%
2011 298B +29.15B +10.84%
2010 269B +43.09B +19.07%
2009 226B −24.91B −9.93%
2008 251B +41.26B +19.69%
2007 210B +35.01B +20.06%
2006 175B +31.74B +22.22%
2005 143B +24.95B +21.16%
2004 118B +26.72B +29.31%
2003 91.16B +16.09B +21.43%
2002 75.08B +11.28B +17.68%
2001 63.8B −644M −1%
2000 64.44B +3.39B +5.56%
1999 61.05B +3.02B +5.2%
1998 58.03B −4.58B −7.31%
1997 62.61B +5.49B +9.61%
1996 57.12B +10.71B +23.07%
1995 46.41B +5.57B +13.65%
1994 40.84B +6.08B +17.49%
1993 34.76B +2.01B +6.14%
1992 32.74B +3.86B +13.35%
1991 28.89B +1.53B +5.6%
1990 27.36B +4.36B +18.98%
1989 22.99B +1.38B +6.38%
1988 21.61B +2.79B +14.85%
1987 18.82B +1.11B +6.27%
1986 17.71B +827M +4.9%
1985 16.88B +1.28B +8.23%
1984 15.6B −560M −3.47%
1983 16.16B +474M +3.02%
1982 15.68B +97.38M +0.62%
1981 15.58B +113M +0.73%
1980 15.47B +2.29B +17.4%
1979 13.18B +428M +3.35%
1978 12.75B

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.