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

The Travel services (% of service imports; BoP) in Singapore was last reported at 17.38 in 2010, according to a World Bank report released in 2011. The Travel services (% of service imports; BoP) in Singapore was 18.88 in 2009, according to a World Bank report, published in 2010. The Travel services (% of service imports; BoP) in Singapore was reported at 17.36 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 Singapore. Singapore along with Hong Kong, South Korea and Taiwan is one of the Four Asian Tigers. Singapore has a highly developed and successful free-market economy. It enjoys a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing service sector.

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