Trends and developments in commercial services trade
The value of world exports of commercial services rose by 11% in 2011 to $4,170 billion, exceeding pre-crisis levels of $3,850 billion in 2008. Half of world exports of commercial services in 2011 consisted of travel receipts and other business services. Asia-Pacific as a region increased its contribution to world export of commercial services from 23% in 2000 to 28% in 2011. However, its share in world imports of commercial services remained at a higher level, rising from 27% in 2000 to 30% in 2011. Despite the exports of commercial services growing faster than the imports since 2003, the region still generates a deficit in its services trade with the world.
Authors: | ESCAP, United Nations |
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Institutions: | Economic and Social Commission for Asia and the Pacific (ESCAP), United Nations |
Subject: | Trend | Development | Growth | Asia | Pacific | Commercial services trade | Export | Import | Pre-crisis |
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