Saturday, 30th June 2007

Recent Trends in U.S. Services Trade, 2007 Annual Report

Recent Trends in U.S. Services Trade, 2007 Annual Report (PDF; 5.51 MB)
Source: U.S. International Trade Commission
From press release:

U.S. service firms remained preeminent in global services trade in 2005, reports the U.S. International Trade Commission in its report Recent Trends in U.S. Services Trade, 2007 Annual Report.

The U.S. service sector accounted for 83 percent of gross domestic product and 85 percent of employment in the private sector in 2005. Moreover, it experienced a 10 percent growth in cross-border service exports in 2005 and an 8 percent growth in sales of services abroad by foreign-based affiliates of U.S. firms in 2004.

The ITC, an independent, nonpartisan, factfinding federal agency, compiles the report annually. The report presents a statistical overview of U.S. trade in services and highlights the services and geographic markets that contributed substantially to recent services trade performance. Separate chapters on specific service sectors (architectural, engineering, and construction (A/E/C); audiovisual, computer and related; electricity; health care; retail; securities; and telecommunication services) describe how each service is traded, compare recent trade performance to historical trends, identify trends and issues affecting competitive conditions in the industry, and summarize WTO members' negotiating proposals on the selected services.

Category:

• Business and economics (DocuTicker)
• Government and politics (DocuTicker)

Source:

• International Trade Commission

Views: 415

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