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
From opportunity to impact – Assessing the economic, societal, and cultural benefits of YouTube in Sweden
This study assesses YouTube's contribution to GDP and employment in Sweden, and its broader impact on society and culture.
Find Out More
Post
Från möjlighet till påverkan – Utvärdering av de ekonomiska, sociala och kulturella fördelarna med YouTube i Sverige
Denna studie utvärderar YouTubes påverkan på Sveriges BNP och sysselsättningsgrad samt samhället och kulturen.
Find Out More
Post
The economic importance of motorcycles to Europe – technical report
Motorcycle-related activity supports €21.4 billion of output (GDP) across Europe a year, sustains 389,000 jobs, and generates €16.6 billion of tax revenues, according to research by Oxford Economics.
Find Out More