Definition: Passenger Services

Balance of Payments, IMF

This component of transportation covers all services provided - between the compiling economy and abroad or between two foreign economies - in the international transportation of non-residents by resident carriers (credit) and that of residents by non-resident carriers (debit). Also included are passenger services performed within economy by non-resident carriers. Excluded are passenger services provided to non-residents by resident carriers within the resident economies; these are included in travel. Passenger services include such items as charges for excess baggage, vehicles, or other personal accompanying effects and expenditures for food, drink, or other items for which passengers make expenditures while on board carriers.
Source:
International Monetary Fund (IMF), "Balance of Payments Manual" (BOP), Fifth Edition, Washington D.C., 1993
Created:
Updated:

Search box

Search