Ungated Post | 16 Dec 2016
Unlocking the Growth Potential of Services Trade
Breaking new ground in macro research, Oxford Economics has captured current and historical statistics on bilateral trade in services for 24 key trading nations to build a unique, comprehensive database. These previously elusive data give us unprecedented insight into the evolution of services trade.
Services’ share of total world trade rose from 20% in 2011 to 23% in 2015, as service exports grew faster than goods exports. Outsourcing of intermediate business services to specialised suppliers is driving much of this growth. Our projections indicate that services’ share of global trade will continue expanding over the next 15 years, rising to 25% by 2030, with particularly strong gains in business related services. We expect the value of services exported each year to increase by more than 2½ times during this period, from $4.8trn to $12.4trn.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Lloyd Barton
+44 (0)1865 268 927
Email
Americas
Scott Livermore
+1 (646) 480 5730
Email
Asia
Sarah Hunter
+61 2 9238 2418
Email
Related Services
Post
Global Trade Education: The role of private philanthropy
Global trade can amplify economic development and poverty alleviation. Capable leaders are required to put in place enabling conditions for trade, but currently these skills are underprovided in developing countries. For philanthropists, investing in trade leadership talent through graduate-level scholarships is an opportunity to make meaningful contributions that can multiply and sustain global economic development.
Find Out MorePost
Mapping the Plastics Value Chain: A framework to understand the socio-economic impacts of a production cap on virgin plastics
The International Council of Chemical Associations (ICCA) commissioned Oxford Economics to undertake a research program to explore the socio-economic and environmental implications of policy interventions that could be used to reduce plastic pollution, with a focus on a global production cap on primary plastic polymers.
Find Out MorePost
The Economic Contribution of Mexico’s Audiovisual Industry
This report demonstrates the integral role that the AV industry plays in Mexico's economy by estimating the industry’s domestic economic footprint. The analysis comprises all aspects of the audiovisual industry, including film production, distribution, and exhibition; the production, distribution, and broadcast of television content on free-to-air and pay TV channels; and online video platforms. Our estimates provide a recent snapshot of the audiovisual industry, including impacts at the broader industry level and broken out by sub-sector.
Find Out More