facts and figures on the services economy
TRANSCRIPT
PROSPERITY FOR ALL
U n i t e d n at i o n s C o n f e r e n C e o n t r a d e a n d d e v e l o p m e n t
FACT
S AND
FIGU
RES O
NSERVICES ECONOMYN° 1
M A Y 2 0 1 3
MEASUREMENT DIFFICULTIESDespite recent efforts to improve statistical methodologies, trade on services remains a rather elusive form of activity for economists to monitor and record.
NON-TRADABLE NATURE OF CERTAIN SERVICES ACTIVITIESSome services are only possible, or more efficient, when providers are physically close to their clients. Services are then provided through commercial presence.
Why?
1/5 of the world total trade
44%of world employment
74% 37% of developing countries’
employment of developed countries’
employment
2/3of world output
74% 51% of developing countries’
GDPof developed countries’
GDP
Services exports over $4.4 trillion in 2012
Services exports grew by 2% in 2012
SERVICES, DEVELOPMENT AND TRADE
40% of the global
FDI total
Services Sector receives
$570 billion worth of FDI
projects
GITE LAbORES EqUATURE MINT, UT qUO CORE, NOS FACIUM ES ETUR?GLOBAL IMPORTANCE OF SERVICES TRADE: REGIONAL PERSPECTIVES
Trade in Services
Trade in Goods
Developing economies account for :
37.2 % of total services imports
30.8 % of total services exports
DevelopeD economies account for :
58.9 % of total services imports
66.3 % of total services exports
TRAnSiTion economies account for :
3.9 % of total services imports
2.9 % of total services exports
2012
AmericaDCs
Developedeconomies:
Europe
AfricaDCs
Transitioneconomies
Developedeconomies:
America
GITE LAbORES EqUATURE MINT, UT qUO CORE, NOS FACIUM ES ETUR?GLOBAL IMPORTANCE OF SERVICES TRADE: REGIONAL PERSPECTIVES
While developed countries continue to have a higher share of services trade than developing countries, the expansion of services exports in 2012 was led by developing economies of Asia (8%) and America (6%), and the transition economies (7%).
Northern American developed countries increased their services exports (4%) in 2012.
Europe perceived a significant decline (-3%) in the same period.
Developed economies: Oceania
Developed economies: Europe
Developed economies: Asia
Developed economies: America
Transition economies
Western Asia DCs
South-Eastern Asia DCs
Southern Asia DCs
Eastern Asia DCs
America DCs
Africa DCs
1.8
39.6
4.7
12.9
3.9
5.5
6.6
3.9
11.9
5.1
4.1
1.4
44.8
3.9
16.1
2.93.0
6.2
11.8
3.52.2
3.9
EXPORTS IMPORTS
Note: DCs: Developing Countries
DISTRIbUTION OF wORLD TRADE IN SERVICES by
REGION, 2012 (PER CENT)
South-EasternAsia DCs
EasternAsia DCs
Developedeconomies:
Asia
WesternAsia DCs
SouthernAsia DCs
Developed economies
SERVICES TRADE bALANCE AS A ShARE OF NORMALIzED SERVICES TRADE bALANCE, 1990 AND 2011 (PER CENT)
IMPORTANCE AND IMPACT OF kEy SERVICES TRADE SECTORS
1990 2011
Developing economies
Africa DCs America DCs Asia DCsLeast
Developed Countries
SERVICES TRADE BALANCE
DISTRIbUTION OF wORLD SERVICES ExPORTS, 2000-2011 (PER CENT)
While other business services has perceived a significant growth in the last 11 years, travel and transport have experienced the contrary.
DISTRIbUTION OF wORLD SERVICES ExPORTS, 2011 (PER CENT)
Personal, cultural and recreational
Insurance
Government services n.i.e.
Construction
Communications
Computer and information
Royalties and licence fees
Financial services
Other business services
Transport
Travel
Computer and information
Communications
Royalties and licence fees
Construction
Financial services
Government services n.i.e.
Other business services
Insurance
Transport
Personal, cultural and recreational
Travel
Travel, transportation and other business services are the main traded servies activities.
IMPORTANCE AND IMPACT OF kEy SERVICES TRADE SECTORS
24.5
25.9
7.2
6.7
5.72.4
2.41.72.20.8
20.1
SERVICES TRADE BALANCE
GITE LAbORES EqUATURE MINT, UT qUO CORE, NOS FACIUM ES ETUR?DEVELOPING COuNTRIES SERVICES ExPORTS PERFORMANCE By CATEGORy
Developing countries’ share of construct ion and t ravel services rises to almost 40% of world services exports of these categories.
Developing countries account for around 30% of world services exports.
In most categories, developing countries strengthened their world market share from 2000 to 2011.
ShARE OF DEVELOPING COUNTRIES IN wORLD SERVICES ExPORTS (PER CENT)
20112000
27.2
38.5Travel
24.5
32.7Transport
25.2
30.1Other business services
11.6
16.9Financial services
4.4
4.6Royalties and licence fees
14.2
30.4Computer and information
27.223.5
Communications
17.839.4
Construction
24.4
20.3Insurance
16.6
10.5 Personal, cultural and recreational
23.1
29.8Total services
27.6Government services n.i.e.
Developing countries’ share of the global total of travel, contruction and computer and information services exports perceived a noticeable increase from 2000 to 2011.
GITE LAbORES EqUATURE MINT, UT qUO CORE, NOS FACIUM ES ETUR?DEVELOPING COuNTRIES SERVICES ExPORTS PERFORMANCE By CATEGORy
Developing countries’ share of construct ion and t ravel services rises to almost 40% of world services exports of these categories.
DISTRIbUTION OF COMPUTER AND INFORMATION SERVICES ExPORTS (PER CENT)
Developed economies
85.4
68.0
Transition economies
0.3 1.5
Developing economies:
Asia
12.6
28.0
Developing economies:
America
0.9 1.9
Developing economies:
Africa
0.7 0.5
2000 2011
Developing countries’ share of the global total of travel, contruction and computer and information services exports perceived a noticeable increase from 2000 to 2011.
Despite developing countries’ shares increase, developed countries still dominate travel, construction and computer and information services exports.
Only some Asian developing countries managed to capture a significant market share in these services
United States
United Kingdom
Spain
Japan
India
China
France
Germany
Singapore
Netherlands
633,028
282,072
258,860
209,026
190,939
148,128
142,855
140,404
133,466
128,855
1
2
3
4
5
6
7
8
9
10
TOP ExPORTERS 2012 (US$ millions)
TOP IMPORTERS 2012 (US$ millions)
TOP ExPORTERS AND IMPORTERS 2012
Nether-lands
Ireland
United States
United Kingdom
Germany
China
Japan
France
India
Singapore
436,459
286,290
282,098
181,882
175,459
171,523
125,875
117,170
115,888
110,430
1
2
3
4
5
6
7
8
9
10
Source: UNCTADStat database is used for all figures.
Note: 2012 values are estimated figures.