Travel services (% of commercial service imports)

This indicator reflects the proportion of a country's commercial service imports attributed to expenditures by travelers during brief visits, typically lasting under a year, for either business or leisure purposes. It encompasses a wide range of goods and services utilized by these visitors, including accommodation, dining, local transportation, and recreational activities. By analyzing this metric, one can gain insights into the health of the tourism sector and its contribution to the overall economy. Additionally, it highlights the dependency of certain economies on external tourism revenue, revealing patterns in consumer behavior and preferences that can inform strategic planning for local businesses and policymakers in enhancing the visitor experience and increasing competitiveness in the global market. Source: