Digital Services Now Make Up Over Half of Global Services Exports, UN Report Finds
A UN Conference on Trade and Development report says digitally deliverable services have outpaced other services, growing 7.1% annually over the past decade and reshaping global trade patterns.
Digitally deliverable services now account for more than half of all global services exports, according to a report from the UN Conference on Trade and Development (UNCTAD) cited by Anadolu Agency.
The report found that digitally deliverable services have grown at an annual rate of 7.1% over the past decade, outpacing the growth of other categories of services trade, according to Anadolu Agency.
UNCTAD's findings indicate that this trend is contributing to a broader reshaping of global trade, as digital services increasingly take precedence over traditional forms of service exports, the report said, as cited by Anadolu Agency.
The rise of digitally deliverable services reflects wider structural shifts in the world economy, with such services now surpassing the halfway mark of total global services exports, according to the report.
Further details on the specific sectors driving this growth, or on regional breakdowns of the trend, were not immediately available from the cited report.
Sources
- Digital services making up over half of global services exports, serve to reshape trade — Anadolu Agency (Turkey)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
US Recalls Over a Billion Products in Six Months
A surge in product safety issues prompted widespread recalls across multiple industries in a half-year period.
US National Debt Passes $40 Trillion as Era of Cheap Borrowing Ends, Report Says
A new report from Deutsche Welle examines whether investors will keep financing Washington's deficits as government debt levels reach unprecedented heights.
Stock Futures Edge Higher After Dow's Third Straight Losing Week
Wall Street looks to steady itself after a mixed week for major indexes, according to CNBC.
France's Wine Production Nears 70-Year Low Amid Climate Pressures
Heatwaves and drought have pushed French wine output toward its lowest level in seven decades, prompting the industry to weigh new markets, products and strategies, according to CNBC.
Back to School: Finding Housing, an Obstacle Course for Thousands of Students
As three million students returned to school in France, many are still struggling to find affordable housing amid insufficient supply and rising prices.
Grants, Family Benefits, Taxes: The Administrative Maze Facing Young Adults
According to Le Monde, many young people discover a bureaucratic "ordeal" upon reaching adulthood, navigating forms and digital platforms, and sometimes missing out on aid they would be eligible for.
Comments
Loading comments…