The analysis of Global International Passenger Transport Expenditure by country reveals distinct trends in 2023. Argentina recorded a 1.75% decrease, indicating a contraction in international transport spending. Saudi Arabia saw a minor increase of 1.3%, suggesting a stabilization. Peru's expenditure grew significantly by 3.96%, reflecting rising international transport activity. Serbia experienced a slight contraction of 1.26%, while Montenegro observed a remarkable surge by 14.12%. Over five years, Montenegro's CAGR suggests exceptional growth, whereas Argentina and Serbia display negative trends.
Future trends to watch include:
- The impact of geopolitical and economic shifts on international transport expenditure.
- Technological advancements influencing transport efficiency and cost.
- Sustainable travel policies affecting spending patterns.
- Emerging markets potentially reshaping global transport dynamics.
Top countries in International Passenger Transport Expenditure by Country
| # | 5 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 2,190 | 2023 | +0.49% | -1.75% | View data |
| 2 | 2 Saudi Arabia | 1,370 | 2023 | +16.51% | +1.3% | View data |
| 3 | 3 Peru | 911.08 | 2023 | +12.05% | +3.96% | View data |
| 4 | 4 Serbia | 182.06 | 2023 | +16.55% | -1.26% | View data |
| 5 | 5 Montenegro | 10.64 | 2023 | -5.63% | +14.12% | View data |
