Service imports in the Caribbean in 2017 — 17,113,589,852 US$. Since 2016, the indicator has risen by 5.4%.
2016–2017 · US$
How the value compares with the world and the groups this territory belongs to: Caribbean
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2017 | 17.11B | +875M | +5.39% |
| 2016 | 16.24B | — | — |
Imports of services: what residents spend on foreign transport, travel, insurance, business and computer services. A large and inconspicuous item: the spending of a country's own tourists abroad is counted here, so countries with well-off populations and a short holiday season have large service imports even when merchandise trade is weak. For many countries the difference between exports and imports of services flips the sign of a trade balance computed on goods alone.
Important: The trips of a country's own citizens abroad are part of service imports, not a separate item. It excludes compensation paid to foreign workers and investment income.
Source: World Development Indicators (World Bank), license CC BY 4.0.