Manufacturing & Construction
Global Packaging Machinery Market
What is Andorra's travel services (% of service imports, bop)? As of 2023, it's 35.3%, up from 32.2% in 2019.
| Label | Travel services (% of service imports, BoP) |
|---|---|
| 2019 | 32.2328% |
| 2020 | 25.8733% |
| 2021 | 29.1359% |
| 2022 | 27.2176% |
| 2023 | 35.3017% |
Data Source: World Bank and Wantstats Repository
There's no single story that fits every year here. Andorra's figure moves both ways across the period — don't extrapolate from the most recent year alone.
The 2020 dip lands in the one year that disrupted almost every kind of economic activity worldwide — 2020. That doesn't prove COVID-19 caused this specific move, but it's a reasonable first place to look before assuming something else did.
Check the source link for methodology before quoting a specific year from this chart — Andorra's underlying statistics agency, like most, revises and re-estimates historical figures as better data comes in.
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
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