Services, Credit/Revenue in Western Hemisphere
Western Hemisphere: Services, Credit/Revenue was 280.24 billion in 2024. ▲ Rising
Services, Credit/Revenue in Western Hemisphere, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Western Hemisphere stood at 280.24 billion. That is the highest value across all 20 years on record.
The figure is up 8.5% on the previous year and up 60.0% over ten years.
Over the whole period, services, credit/revenue in Western Hemisphere peaked at 280.24 billion in 2024 and was at its lowest, 87.73 billion, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Western Hemisphere, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 87.73 billion | — |
| 2006 | 99.28 billion | +13.2% |
| 2007 | 115.08 billion | +15.9% |
| 2008 | 130.82 billion | +13.7% |
| 2009 | 119.23 billion | -8.9% |
| 2010 | 132.68 billion | +11.3% |
| 2011 | 150.55 billion | +13.5% |
| 2012 | 160.31 billion | +6.5% |
| 2013 | 166.61 billion | +3.9% |
| 2014 | 175.11 billion | +5.1% |
| 2015 | 171.94 billion | -1.8% |
| 2016 | 178.82 billion | +4.0% |
| 2017 | 190.53 billion | +6.6% |
| 2018 | 198.73 billion | +4.3% |
| 2019 | 204.53 billion | +2.9% |
| 2020 | 131.32 billion | -35.8% |
| 2021 | 166.60 billion | +26.9% |
| 2022 | 228.81 billion | +37.3% |
| 2023 | 258.39 billion | +12.9% |
| 2024 | 280.24 billion | +8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 110.43 billion | 87.73 billion | 130.82 billion | 5 |
| 2010s | 172.98 billion | 132.68 billion | 204.53 billion | 10 |
| 2020s | 213.07 billion | 131.32 billion | 280.24 billion | 5 |
Countries ranked near Western Hemisphere
More financial sector data for Western Hemisphere
- Reserve tranche position, SDR, annual growth rate 5.45 % change on previous year (2025)
- Reserve tranche position, US dollar, annual growth rate 10.74 % change on previous year (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.45 % change on previous year (2025)
- Reserve position in the IMF, US dollar, annual growth rate 10.74 % change on previous year (2025)
- Use of IMF Credit and Loans, US dollar, annual growth rate 26.39 % change on previous year (2025)
- Use of IMF Credit and Loans, SDR, annual growth rate 20.35 % change on previous year (2025)
- Use of IMF Credit and Loans, Percent of quota per annum 141.16 (2025)
- Reserve position in the IMF, US dollar 10.45 billion (2025)
- Use of IMF Credit and Loans, SDR 53.26 billion (2025)
- Use of IMF Credit and Loans, US dollar 72.94 billion (2025)
Frequently asked questions
- What is services, credit/revenue in Western Hemisphere?
- Services, credit/revenue in Western Hemisphere was 280.24 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Western Hemisphere?
- The highest recorded value was 280.24 billion in 2024.
- What is the lowest services, credit/revenue recorded in Western Hemisphere?
- The lowest recorded value was 87.73 billion in 2005.
- How does Western Hemisphere rank for services, credit/revenue?
- Western Hemisphere ranks 8th out of 9 groups with data for 2024.
- Is services, credit/revenue rising or falling in Western Hemisphere?
- Over the last ten years it is up 60.0%. The long-run trend across the full record is rising.
- Where does this Western Hemisphere data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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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.