Services, Debit/Expenditure in Western Hemisphere
Western Hemisphere: Services, Debit/Expenditure was 338.90 billion in 2024. β² Rising
Services, Debit/Expenditure in Western Hemisphere, 2005β2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in Western Hemisphere stood at 338.90 billion. That is the highest value across all 20 years on record.
The figure is up 6.4% on the previous year and up 29.4% over ten years.
Over the whole period, services, debit/expenditure in Western Hemisphere peaked at 338.90 billion in 2024 and was at its lowest, 101.06 billion, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 134.94 billion | 101.06 billion | 165.85 billion | 5 |
| 2010s | 238.27 billion | 189.06 billion | 261.92 billion | 10 |
| 2020s | 273.23 billion | 179.74 billion | 338.90 billion | 5 |
Countries ranked near Western Hemisphere
- 4 Ireland 466.57 billion compare
- 5 United Kingdom 401.77 billion compare
- 6 Singapore 351.12 billion compare
- 7 France 341.44 billion compare
- 8 Netherlands, The 261.82 billion compare
- 9 Japan 246.31 billion compare
- 10 Switzerland 203.34 billion compare
More trade data for Western Hemisphere
- Total current account debit/expenditure, Debit/Expenditure 2.17 trillion (2024)
- Goods, Debit/Expenditure 1.43 trillion (2024)
- Primary income, Debit/Expenditure 365.08 billion (2024)
- Secondary income, Debit/Expenditure 36.86 billion (2024)
- Total capital account debit/expenditure, Debit/Expenditure 19.05 billion (2024)
Frequently asked questions
- What is services, debit/expenditure in Western Hemisphere?
- Services, debit/expenditure in Western Hemisphere was 338.90 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Western Hemisphere?
- The highest recorded value was 338.90 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Western Hemisphere?
- The lowest recorded value was 101.06 billion in 2005.
- How does Western Hemisphere rank for services, debit/expenditure?
- Western Hemisphere ranks 7th out of 9 groups with data for 2024.
- Is services, debit/expenditure rising or falling in Western Hemisphere?
- Over the last ten years it is up 29.4%. The long-run trend across the full record is rising.
- Where does this Western Hemisphere data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.