WTO and OECD Release Expanded Dataset on Trade in Services Covering Over 200 Economies
February 17, 2025
Geneva – The World Trade Organization (WTO) and the Organization for Economic Cooperation and Development (OECD) today released an expanded dataset on trade in services covering over 200 economies.
The dataset provides detailed information on the value, volume, and composition of trade in services for a wide range of countries, including both developed and developing economies. It also includes data on the trade in services by sector, such as financial services, telecommunications, and tourism.
The expanded dataset is a significant improvement over the previous version, which covered only 40 economies. The new dataset is the result of a collaborative effort between the WTO and the OECD, and it is the most comprehensive dataset on trade in services ever released.
The dataset is available to the public on the WTO and OECD websites. It is a valuable resource for researchers, policymakers, and businesses interesados en el comercio de servicios.
Key Findings
The expanded dataset reveals some important trends in the trade in services. First, the value of trade in services has grown steadily over the past decade. In 2023, the value of global trade in services reached USD 19 trillion, up from USD 12 trillion in 2013.
Second, the composition of trade in services has changed over time. The share of services traded digitally has increased significantly in recent years. In 2023, over 30% of global trade in services was conducted digitally, up from just 10% in 2013.
Third, developing economies have played an increasingly important role in the trade in services. In 2023, developing economies accounted for over 40% of global trade in services, up from 30% in 2013.
Implications
The expanded dataset on trade in services has several important implications. First, it provides a more accurate picture of the global trade in services. This information can help policymakers to design policies that promote the growth of trade in services.
Second, the dataset can help businesses to identify new opportunities for trade in services. By understanding the trends in the trade in services, businesses can make better decisions about where to invest and how to expand their operations.
Third, the dataset can help researchers to better understand the economic impact of trade in services. This information can help policymakers to make informed decisions about how to promote the growth and development of the global economy.
Additional Information
The expanded dataset on trade in services is available on the WTO website at: www.wto.org/english/res_e/statis_e/statis_e.htm
The dataset is also available on the OECD website at: www.oecd.org/trade/topics/services-trade/
WTO and OECD release expanded dataset on trade in services covering over 200 economies
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