The balance of international tourism income (inbound tourism receipts) and tourism expenditure (outbound spending) in Estonia exceeded 100 million euros in 2022. In the two previous years, outbound expenditure exceeded inbound income in that industry.
Balance of payments from travel in Estonia from 2007 to 2022
(in million euros)
Balance of payments is calculated as exports of travel services (income from spending of non-residents on travel within the country) minus imports of travel services (spending of residents on travel to the rest of the world).
Travel is defined by the source as follows: "Travel covers goods and services bought from a foreign country by a person travelling, for their own use or to give away, including the use of local transport. Excluded are international transport (Passenger transport), goods purchased for resale and valuable goods like jewelry, works of art and cars (Goods)."
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Bank of Estonia. (December 12, 2023). Balance of payments from travel in Estonia from 2007 to 2022 (in million euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/943699/estonia-travel-balance-of-payments/
Bank of Estonia. "Balance of payments from travel in Estonia from 2007 to 2022 (in million euros)." Chart. December 12, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/943699/estonia-travel-balance-of-payments/
Bank of Estonia. (2023). Balance of payments from travel in Estonia from 2007 to 2022 (in million euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/943699/estonia-travel-balance-of-payments/
Bank of Estonia. "Balance of Payments from Travel in Estonia from 2007 to 2022 (in Million Euros)." Statista, Statista Inc., 12 Dec 2023, https://www.statista.com/statistics/943699/estonia-travel-balance-of-payments/
Bank of Estonia, Balance of payments from travel in Estonia from 2007 to 2022 (in million euros) Statista, https://www.statista.com/statistics/943699/estonia-travel-balance-of-payments/ (last visited November 21, 2024)
Balance of payments from travel in Estonia from 2007 to 2022 (in million euros) [Graph], Bank of Estonia, December 12, 2023. [Online]. Available: https://www.statista.com/statistics/943699/estonia-travel-balance-of-payments/