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Cool Tool: OECD-WTO data provides coherent and comprehensive view of Global Trade in Services

by Michael Pujals on 2018-03-23T11:00:00-07:00 in Research Tools | Comments

From the Organization for Economic Co-operation and Development (OECD) press release:

Services comprise a growing share of international trade. Yet detailed statistics on which countries trade which services with which partners remain patchy. Although worldwide, almost all countries provide an estimate of total trade in services as part of their balance of payments and national accounts, only around 50 OECD and non-OECD countries provide some geographical breakdown in their services statistics. This means that we have no data at all for 90% of all possible bilateral services trade relationships, which reflect nearly half of the global services trade value. Moreover, even where data are available, asymmetries – where country A’s figures on exports to country B don’t match country B’s figures on imports from country A – undermine their usefulness.

To mitigate these problems, the OECD, WTO and countries have been collaborating to build a transparent and replicable global dataset of coherent bilateral trade in services statistics by main services categories. The first edition of the OECD WTO Balanced Trade in Services (BaTIS) dataset is now available.

See the Full Press Release

Go to the Balanced International Trade in Services database

 

 


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