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Service imports in current prices

(US dollars)

In 2017, service imports in Colombia was 12,524 million US dollars. In the ranking by service imports including 154 countries, Colombia has the 7th rank that is close to the positions of such countries as the United Kingdom and the Dominican Republic. Compared to Germany which at the top of the ranking with service imports of 332,517 million US dollars in 2017, Colombia has 96.23 % percent lower service imports.

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What is service imports?

Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993)