Commercial service exports in Small states
Small states: Commercial service exports was 121.15 billion current US$ in 2024. ◆ Volatile
Commercial service exports in Small states, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for commercial service exports in Small states is 121.15 billion current US$, measured in 2024. That is the highest value across all 49 years on record.
The figure is up 7.7% on the previous year and up 96.0% over ten years.
Over the whole period, commercial service exports in Small states peaked at 121.15 billion current US$ in 2024 and was at its lowest, 1.66 billion current US$, in 1976.
That places Small states 31st out of 45 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service exports in Small states, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 1.66 billion current US$ | — |
| 1977 | 2.00 billion current US$ | +20.7% |
| 1978 | 2.38 billion current US$ | +19.0% |
| 1979 | 3.07 billion current US$ | +29.1% |
| 1980 | 3.70 billion current US$ | +20.5% |
| 1981 | 3.87 billion current US$ | +4.4% |
| 1982 | 3.88 billion current US$ | +0.4% |
| 1983 | 3.85 billion current US$ | -0.8% |
| 1984 | 4.10 billion current US$ | +6.4% |
| 1985 | 4.61 billion current US$ | +12.4% |
| 1986 | 5.32 billion current US$ | +15.4% |
| 1987 | 6.11 billion current US$ | +15.0% |
| 1988 | 6.95 billion current US$ | +13.7% |
| 1989 | 7.76 billion current US$ | +11.6% |
| 1990 | 8.85 billion current US$ | +14.0% |
| 1991 | 8.72 billion current US$ | -1.4% |
| 1992 | 10.02 billion current US$ | +14.9% |
| 1993 | 10.34 billion current US$ | +3.2% |
| 1994 | 11.58 billion current US$ | +12.0% |
| 1995 | 13.47 billion current US$ | +16.2% |
| 1996 | 14.51 billion current US$ | +7.8% |
| 1997 | 15.05 billion current US$ | +3.7% |
| 1998 | 15.87 billion current US$ | +5.5% |
| 1999 | 16.95 billion current US$ | +6.8% |
| 2000 | 17.89 billion current US$ | +5.6% |
| 2001 | 18.31 billion current US$ | +2.3% |
| 2002 | 18.92 billion current US$ | +3.3% |
| 2003 | 21.77 billion current US$ | +15.1% |
| 2004 | 27.13 billion current US$ | +24.6% |
| 2005 | 30.19 billion current US$ | +11.3% |
| 2006 | 33.00 billion current US$ | +9.3% |
| 2007 | 41.38 billion current US$ | +25.4% |
| 2008 | 49.52 billion current US$ | +19.6% |
| 2009 | 45.16 billion current US$ | -8.8% |
| 2010 | 46.99 billion current US$ | +4.1% |
| 2011 | 52.69 billion current US$ | +12.1% |
| 2012 | 53.17 billion current US$ | +0.9% |
| 2013 | 57.61 billion current US$ | +8.4% |
| 2014 | 61.82 billion current US$ | +7.3% |
| 2015 | 59.25 billion current US$ | -4.2% |
| 2016 | 63.52 billion current US$ | +7.2% |
| 2017 | 67.94 billion current US$ | +7.0% |
| 2018 | 75.87 billion current US$ | +11.7% |
| 2019 | 79.97 billion current US$ | +5.4% |
| 2020 | 61.25 billion current US$ | -23.4% |
| 2021 | 79.58 billion current US$ | +29.9% |
| 2022 | 99.98 billion current US$ | +25.6% |
| 2023 | 112.47 billion current US$ | +12.5% |
| 2024 | 121.15 billion current US$ | +7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.28 billion current US$ | 1.66 billion current US$ | 3.07 billion current US$ | 4 |
| 1980s | 5.02 billion current US$ | 3.70 billion current US$ | 7.76 billion current US$ | 10 |
| 1990s | 12.54 billion current US$ | 8.72 billion current US$ | 16.95 billion current US$ | 10 |
| 2000s | 30.33 billion current US$ | 17.89 billion current US$ | 49.52 billion current US$ | 10 |
| 2010s | 61.88 billion current US$ | 46.99 billion current US$ | 79.97 billion current US$ | 10 |
| 2020s | 94.89 billion current US$ | 61.25 billion current US$ | 121.15 billion current US$ | 5 |
Countries ranked near Small states
- 28 Mexico 63.79 billion current US$ compare
- 29 Norway 63.33 billion current US$ compare
- 30 Portugal 62.46 billion current US$ compare
- 31 Greece 55.64 billion current US$ compare
- 32 Brazil 53.53 billion current US$ compare
- 33 Malaysia 53.33 billion current US$ compare
- 34 Philippines 51.45 billion current US$ compare
More private sector data for Small states
- Merchandise trade 70.4% (2025)
- Food imports 16.0% (2024)
- Manufactures imports 60.8% (2024)
- Merchandise imports 141.38 billion current US$ (2025)
- Food exports 19.2% (2024)
- Manufactures exports 43.9% (2024)
- Merchandise exports 100.88 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,958 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2991 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 2.68 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Small states?
- Commercial service exports in Small states was 121.15 billion current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Small states?
- The highest recorded value was 121.15 billion current US$ in 2024.
- What is the lowest commercial service exports recorded in Small states?
- The lowest recorded value was 1.66 billion current US$ in 1976.
- How does Small states rank for commercial service exports?
- Small states ranks 31st out of 45 groups with data for 2024.
- Is commercial service exports rising or falling in Small states?
- Over the last ten years it is up 96.0%. The long-run trend across the full record is volatile.
- Where does this Small states data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. 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.