Travel services (% of service imports; BoP) in Portugal

The Travel services (% of service imports; BoP) in Portugal was last reported at 27.13 in 2010, according to a World Bank report released in 2011. The Travel services (% of service imports; BoP) in Portugal was 26.25 in 2009, according to a World Bank report, published in 2010. The Travel services (% of service imports; BoP) in Portugal was reported at 26.13 in 2008, according to the World Bank. Travel (% of service imports, BoP) covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Services imports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the International Monetary Fund's (IMF) Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies.This page includes a historical data chart, news and forecasts for Travel services (% of service imports; BoP) in Portugal. Portugal has become a diversified and increasingly service-based economy since joining the European Community in 1986. Over the past two decades, successive governments have privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. Economic growth had been above the EU average for much of the 1990s, but has been below par during the last decade.

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