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Developments in the balance of travel services: November 2018

22/01/2019 - Press Releases

Balance of travel services

Based on provisional data, the balance of travel services in November 2018 showed a surplus of €175 million, compared with a surplus of €101 million in November 2017. More specifically, travel receipts in November 2018 rose by 42.4% to €326 million, from €229 million in November 2017, whereas travel payments also increased by 18.0% (November 2018: €151 million, November 2017: €128 million). The rise in travel receipts is attributed to a 6.2% increase in inbound traveller flows, as well as to a rise of 35.8% or €106 in average expenditure per trip. Net receipts from travel services accounted for 25.9% of total net receipts from services and offset 10.3% of the goods deficit.

In January-November 2018, the balance of travel services showed a surplus of €13,930 million, up from a surplus of €12,700 million in the same period of 2017. This development is attributed to an increase, by 9.7% or €1,407 million, in travel receipts, which were only partly offset by travel payments, up by 10.2% or €177 million. The rise in travel receipts reflected a 10.6% increase in inbound traveller flows, as average expenditure per trip fell slightly, by €3 or 0.5%. Net receipts from travel services accounted for 73.9% of total net receipts from services and offset 67.4% of the goods deficit.

Travel receipts

In November 2018, as mentioned previously, travel receipts increased by 42.4% year-on-year. In more detail, receipts from residents of the EU28 rose by 26.7% to €175 million and receipts from outside the EU28 rose by 74.0% (November 2018: €141 million, November 2017: €81 million). The higher receipts from within the EU28 were due to increases in receipts from euro area residents by 35.9% to €117 million and in receipts from residents of non-euro area EU28 countries by 11.2% to €57 million (November 2017: €52 million). Among major countries of origin, receipts from Germany rose by 2.5% to €36 million and receipts from France rose by 185.7% to €16 million. Receipts from the United Kingdom also increased, by 16.2% to €25 million. Turning to non-EU28 countries, receipts from Russia fell by 12.3% to €4 million, whereas receipts from the United States rose by 57.4% to €34 million.

In January-November 2018, travel receipts totalled €15,847 million, up 9.7% relative to the same period of 2017. This development was driven by a 12.0% increase in receipts from residents of the EU28, which came to €10,919 million, and by a 5.8% rise in receipts from residents outside the EU28 to €4,513 million. In particular, receipts from euro area residents increased by 13.1% year-on-year to €7,042 million, while receipts from residents of non-euro area EU28 countries rose by 10.0% to €3,878 million. Specifically, receipts from Germany rose by 16.4% to €2,949 million, while receipts from France dropped by 4.2% to €948 million. Receipts from the United Kingdom also decreased by 6.2% to €1,920 million. Turning to non-EU28 countries, receipts from Russia decreased by 20.8% to €329 million, while receipts from the United States increased by 27.2% to €1,020 million.

Inbound traveller flows (1)

The number of inbound visitors in November 2018 rose by 6.2% year-on-year to 786 thousand. Specifically, visitor flows through airports increased by 24.2%, whereas visitor flows through road border-crossing points declined by 14.8%. This increase in flows was due to higher visitor flows from outside the EU28 (up 19.5%), as visitor flows from within the EU28 declined by 1.3%. In greater detail, the number of visitors from within the euro area rose by 9.4% to 231 thousand, whereas visitors from the non-euro area EU28 countries declined by 10.0% (November 2018: 236 thousand, November 2017: 262 thousand). Specifically, the number of visitors from Germany decreased by 5.2% to 85 thousand, while visitors from France increased by 51.1% to 26 thousand. Visitors from the United Kingdom increased by 3.6% to 44 thousand. Turning to non-EU28 countries, the number of visitors from Russia rose by 23.1% to 9 thousand, while the number of visitors from the United States rose by 54.1% to 49 thousand.

In January-November 2018, the number of inbound visitors rose by 10.6% to 29,466 thousand (January-November 2017: 26,632 thousand). Specifically, visitor flows through airports increased by 13.6%, while visitor flows through road border-crossing points increased by 5.8%. In the period under review, the number of visitors from within the EU28 rose by 15.3% year-on-year to 21,078 thousand, while the number of visitors from outside the EU28 edged up by 0.5% to 8,387 thousand. Visitors from within the euro area rose by 16.2%, while visitors from the non-euro area EU28 countries increased by 14.2%. Specifically, the number of visitors from Germany increased by 18.4% to 4,343 thousand, as did the number of visitors from France, by 7.0% to 1,511 thousand. The number of visitors from the United Kingdom decreased by 1.7% to 2,909 thousand. Finally, turning to non-EU28 countries, the number of visitors from Russia fell by 13.2% to 503 thousand, whereas the number of visitors from the United States rose by 26.8% to 1,064 thousand.

Note: The next Press Release on “Developments in the balance of travel services” for December 2018 will be published on 21 February 2019.

Related link: Developments in the balance of travel services: November 2018 - Table

(1)Inbound traveller flows exclude cruise passengers (other than those recorded in the Border Survey).

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