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
Generating ROI with AI: Six capabilities that drive world-class results
Generative AI has taken the business world by storm, with large language models (LLMs)—including OpenAI’s ChatGPT—splashed across the news. And executives aren’t immune to the hype. AI is becoming an ever-larger component of IT budgets, with worldwide spending on AI-centric systems expected to hit $154 billion this year—up 27% over 2022. But will enterprises spend these resources wisely? Our research says yes—if organizations take a disciplined approach.
Find Out More
Post
Deep Green
A global research study that details the current state of play on environmental sustainability actions and how data, technology and collaboration will drive the next phase of sustainability in business.
Find Out More
Post
Leveraging Technology to Promote Financial Inclusion
Oxford Economics and Red Hat surveyed executives at financial institutions internationally to discover how they are using technology to expand financial inclusion while gaining business benefits.
Find Out More