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Www.bea.gov Digital Delivery of Cross-Border Services Whats the Importance of Digital Trade to the US Trade Balance J. Steven Landefeld Maria Borga CSI.

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Presentation on theme: "Www.bea.gov Digital Delivery of Cross-Border Services Whats the Importance of Digital Trade to the US Trade Balance J. Steven Landefeld Maria Borga CSI."— Presentation transcript:

1 Digital Delivery of Cross-Border Services Whats the Importance of Digital Trade to the US Trade Balance J. Steven Landefeld Maria Borga CSI Colloquium on Digital Delivery of Cross-Border Services CSI Headquarters May 3, 2012

2 2 Digitally-Enabled Services The U.N Conference on Trade and Development defines digitally-enabled services to include the following BOP categories: Communications services Insurance Financial services Computer and information services Royalties and license fees Other business services Personal, cultural, and recreational services

3 U.S. Exports of Digitally-Enabled Services 3

4 4 U.S. Exports of Digitally-Enabled Services The share of digitally-enabled services in total exports grew from 45 percent in 1998 to 61 percent in 2010 For , exports of business, professional, and technical services contributed most to the overall increase in digitally-enabled services exports The categories with the fastest rates of growth were insurance services and financial services For , business, professional, and technical services contributed most to the overall increase The largest increases were for management and consulting services and R&D and testing services

5 U.S. Imports of Digitally-Enabled Services 5

6 6 U.S. Imports of Digitally-Enabled Services The share of digitally-enabled services in total imports grew from 34 percent in 1998 to 56 percent in 2010 In 2010, there was a surplus on digitally-enabled trade in services of $116 billion, or 79% of the total trade surplus in services. For , business, professional, and technical services and insurance contributed most to the overall increase in digitally-enabled services imports The categories with the fastest rates of growth were insurance services and business, professional, and technical services

7 Gross Output Price Index for ICT- Producing Industries 7

8 Real Gross Output & Labor Productivity for Digitally- Enabled Service Industries,

9 Real Value Added & Labor Productivity for Digital- Enabled Service Industries,

10 10 Challenges for Measurement & Data Collection Identifying digitally-enabled trade Identifying the mode of delivery Where the service is produced may not match where its sold

11 11 Opportunities for Measurement & Data Collection Source data are available more quickly and are easier to use Possible use of commercial or other sources created by digitally delivered services Digital collection of data


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