United Nations Conference on Trade And Development PROSPERITY FOR ALL N 1 MAY 2013 SERVICES ECONOMY FACTS AND FIGURES ON 44% of world employment 74% 37% of developed countries employment 2/3 of world output of developing countries employment 74% 51% of developed countries GDP SERVICES, DEVELOPMENT AND TRADE of developing countries GDP 1/5 of the world total trade Why? MEASUREMENT DIFFICULTIES Despite 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 ACTIVITIES Some services are only possible, or more efficient, when providers are physically close to their clients. Services are then provided through commercial presence. Services Sector receives $570 billion worth of FDI projects 40% of the global FDI total Services exports over $4.4 trillion in 2012 Services exports grew by 2% in 2012
Gite labores equature mint, ut q GLOBAL IMPORTANCE OF SERVICES 2012 Transition America Europe America DCs Africa DCs Trade in Services Trade in Goods account for : 37.2 % of total services imports 30.8 % of total services exports DEVELOPED account for : 58.9 % of total services imports 66.3 % of total services exports TRANSITION account for : 3.9 % of total services imports 2.9 % of total services exports
quo core, nos facium es etur? TRADE: REGIONAL PERSPECTIVES Distribution of world trade in services by region, 2012 (per cent) 1.4 1.8 44.8 39.6 Eastern Asia DCs Western Asia DCs South- Eastern Asia DCs Asia 3.9 16.1 2.9 3.0 6.2 3.9 4.7 12.9 3.9 5.5 6.6 3.9 Southern Asia DCs 11.8 11.9 3.5 2.2 EXPORTS 5.1 4.1 IMPORTS 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 of Asia (8%) and America (6%), and the transition (7%). Northern American developed countries increased their services exports (4%) in 2012. Europe perceived a significant decline (-3%) in the same period. Oceania Europe Asia America Transition Western Asia DCs South-Eastern Asia DCs Southern Asia DCs Eastern Asia DCs America DCs Africa DCs Note: DCs: Countries
services trade balance Services trade balance as a share of normalized services trade balance, 1990 and 2011 (per cent) 1990 2011 Africa DCs America DCs Asia DCs Least Countries
importance and impact of key services trade sectors Distribution of world services exports, 2011 (per cent) 24.5 0.8 2.2 1.7 2.4 2.4 5.7 Travel, transportation and other business services are the main traded servies activities. Travel 6.7 Transport Other business services Financial services 7.2 Royalties and licence fees Computer and information Communications 20.1 25.9 Construction Government services n.i.e. Insurance Personal, cultural and recreational 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. Travel Transport Other business services Financial services Royalties and licence fees Computer and information Communications Construction Government services n.i.e. Insurance Personal, cultural and recreational
Gite labores equature mint, ut q developing countries services Share of developing countries in world services exports (per cent) 2000 2011 Government services n.i.e. 27.6 Personal, cultural and recreational 10.5 16.6 Other business services 25.2 30.1 Royalties and licence fees 4.6 4.4 Computer and information 14.2 30.4 Financial services 11.6 16.9 Insurance 20.3 24.4 Construction 17.8 39.4 Communications 23.5 27.2 Travel 27.2 38.5 Transport 24.5 32.7 Total services 23.1 29.8 In most categories, developing countries strengthened their world market share from 2000 to 2011. countries account for around 30% of world services exports. countries share of construction and travel services rises to almost 40% of world services exports of these categories.
quo core, nos facium es etur? exports performance by category Distribution of computer and information services exports (per cent) 85.4 68.0 2000 2011 28.0 12.6 0.3 1.5 0.9 1.9 0.7 0.5 Transition Asia America Africa 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
top exporters and importers 2012 TOP EXPORTERS 2012 (US$ millions) 1 2 3 4 5 6 7 8 9 10 United States United Kingdom Germany France China India Japan Spain Singapore Netherlands 633,028 282,072 258,860 209,026 190,939 148,128 142,855 140,404 133,466 128,855 TOP IMPORTERS 2012 (US$ millions) 436,459 286,290 282,098 181,882 175,459 171,523 125,875 117,170 115,888 110,430 United States Germany China United Kingdom Japan France India Singapore Netherlands Ireland 1 2 3 4 5 6 7 8 9 10 Source: UNCTADStat database is used for all figures. Note: 2012 values are estimated figures.