As of 2019, Africa registered a trade deficit of nearly 60.2 billion U.S. dollars in the services account. In other words, the continent imported more services than exported. In the mentioned year, the deficieny in the trade balance was largest than in the year before. In 2018, the deficit was measured in roughly 58 billion U.S. dollars.
Trade balance of services in Africa from 2005 to 2019
(in million U.S. dollars)
Figures were rounded. The source does not specify the publication date. The release date is the date of access.
According to the source, services are understood as the result of a production activity that changes the conditions of the consuming units, or facilitates the exchange of products or financial assets.
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UNCTAD. (October 19, 2020). Trade balance of services in Africa from 2005 to 2019 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1180864/trade-balance-of-services-in-africa/
UNCTAD. "Trade balance of services in Africa from 2005 to 2019 (in million U.S. dollars)." Chart. October 19, 2020. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1180864/trade-balance-of-services-in-africa/
UNCTAD. (2020). Trade balance of services in Africa from 2005 to 2019 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1180864/trade-balance-of-services-in-africa/
UNCTAD. "Trade Balance of Services in Africa from 2005 to 2019 (in Million U.S. Dollars)." Statista, Statista Inc., 19 Oct 2020, https://www.statista.com/statistics/1180864/trade-balance-of-services-in-africa/
UNCTAD, Trade balance of services in Africa from 2005 to 2019 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1180864/trade-balance-of-services-in-africa/ (last visited November 05, 2024)
Trade balance of services in Africa from 2005 to 2019 (in million U.S. dollars) [Graph], UNCTAD, October 19, 2020. [Online]. Available: https://www.statista.com/statistics/1180864/trade-balance-of-services-in-africa/
