Services balance (credit less debit), Net (credits less debits) in Western Hemisphere
Western Hemisphere: Services balance (credit less debit), Net (credits less debits) was -58.67 billion in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Western Hemisphere, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Western Hemisphere is -58.67 billion, measured in 2024.
The figure is up 2.5% on the previous year and up 32.4% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Western Hemisphere peaked at -13.33 billion in 2005 and was at its lowest, -89.21 billion, in 2013.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) in Western Hemisphere, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -13.33 billion | — |
| 2006 | -14.76 billion | +10.7% |
| 2007 | -24.72 billion | +67.5% |
| 2008 | -35.04 billion | +41.7% |
| 2009 | -34.71 billion | -0.9% |
| 2010 | -56.39 billion | +62.5% |
| 2011 | -73.86 billion | +31.0% |
| 2012 | -81.11 billion | +9.8% |
| 2013 | -89.21 billion | +10.0% |
| 2014 | -86.81 billion | -2.7% |
| 2015 | -65.36 billion | -24.7% |
| 2016 | -49.28 billion | -24.6% |
| 2017 | -53.81 billion | +9.2% |
| 2018 | -54.67 billion | +1.6% |
| 2019 | -42.42 billion | -22.4% |
| 2020 | -48.42 billion | +14.1% |
| 2021 | -60.62 billion | +25.2% |
| 2022 | -72.87 billion | +20.2% |
| 2023 | -60.20 billion | -17.4% |
| 2024 | -58.67 billion | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -24.51 billion | -35.04 billion | -13.33 billion | 5 |
| 2010s | -65.29 billion | -89.21 billion | -42.42 billion | 10 |
| 2020s | -60.15 billion | -72.87 billion | -48.42 billion | 5 |
Countries ranked near Western Hemisphere
More financial sector data for Western Hemisphere
- Reserve tranche position, SDR 7.63 billion (2025)
- Use of IMF Credit and Loans, Percent of quota per annum 141.16 (2025)
- Use of IMF Credit and Loans, US dollar 72.94 billion (2025)
- Use of IMF Credit and Loans, SDR 53.26 billion (2025)
- Reserve position in the IMF, US dollar 10.45 billion (2025)
- Reserve position in the IMF, SDR 7.63 billion (2025)
- Reserve tranche position, US dollar 10.45 billion (2025)
- Reserve assets, Assets, Adjusted using IMF accounting records 7.97 billion (2024)
- Net errors and omissions, Net (credits less debits), Adjusted using -21.17 billion (2024)
- Primary income balance (credit less debit), Net (credits less debits) -237.17 billion (2024)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Western Hemisphere?
- Services balance (credit less debit), net (credits less debits) in Western Hemisphere was -58.67 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Western Hemisphere?
- The highest recorded value was -13.33 billion in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Western Hemisphere?
- The lowest recorded value was -89.21 billion in 2013.
- How does Western Hemisphere rank for services balance (credit less debit), net (credits less debits)?
- Western Hemisphere ranks 7th out of 9 groups with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Western Hemisphere?
- Over the last ten years it is up 32.4%. The long-run trend across the full record is falling.
- Where does this Western Hemisphere data come from?
- The figures come from International Monetary Fund, published as part of Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.