Exports of Services accelerates
Exports of Services recorded
17.9 percent growth in the first quarter of 2018. This was faster than the 5.7 percent growth in the same period last year. Travel was the highest contributor to the growth with 75.4 percent growth. Other contributors to growth were Miscellaneous Services, 8.0 percent; and Transportation, 22.1 percent.
Meanwhile, Insurance and Government Services declined by
4.3 percent and 3.1 percent, respectively.