Quarterly bulletin (Q1 2024)
World services exports value increased by 8.2% year-on-year (YoY) in the first quarter of 2024.
In a continued recovery from the COVID-19 pandemic, travel exports registered a rise of almost 20% YoY. International transport services sales, which had recovered from the pandemic earlier, increased by 1% in Q1, after registering a decrease in every quarter of 2023.
The quarter-on-quarter seasonally adjusted growth rate of services exports was estimated at 2.2% in Q1 2024, slightly higher than in Q4 2023.
The highest relative expansion was recorded for Asia and Oceania. The main driver of the YoY rise of services exports in Q1 2024 was the ample growth of international travel receipts.
