Services

Services

1. 2019-total value of world exports of commercial services-US$5745 bl

2. Global pattern has become increasingly complex, especially with continued growth of outsourcing and increasing connectivity of global supply chains

3. Commerical services-transport and travel,

   • others including communications, construction, insurance, finance, ICT

4. Global scale, broad pattern of trade in merchandise dominated by ACs

5. Europe=largest net importer of commercial services

   • However much of this type of trade in EU intra-regional

6. Almost every country exports commercial services

   • Even poorer countries such as Sierra Leonne

7. Global pattern of commercial services exports is very uneven

   • Most important exporters of commercial services are EU countries
     • Nearly all of Africa-value of exports very low
       • Contrasts in ability to supply commercial services depend on factors such as
         • skill and education level of workforce
         • Government and private investment
           • EG in communications and transport