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2 May 18-19, 2009 Geneva February 2, 2009Luxembourg2 International Trade in Services Franca Faes-Cannito European Commission Eurostat, Balance of Payments.

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Presentation on theme: "2 May 18-19, 2009 Geneva February 2, 2009Luxembourg2 International Trade in Services Franca Faes-Cannito European Commission Eurostat, Balance of Payments."— Presentation transcript:

1 2 May 18-19, 2009 Geneva February 2, 2009Luxembourg2 International Trade in Services Franca Faes-Cannito European Commission Eurostat, Balance of Payments Unit

2 3 May 18-19, 2009 Geneva February 2, 2009Luxembourg3 International trade in services Framework: Balance of Payments Due to their intangible nature, trade in services is subject to more constraints than trade in goods Services are the fastest growing part of international trade International Standards – IMF BPM5 (BMP6); MSITS; The classification of services and related nomenclature are set in BPM5 and EBOPS

3 4 May 18-19, 2009 Geneva February 2, 2009Luxembourg4 Role of Eurostat All MSs send to Eurostat data specified by BoP Regulation Eurostat monitors methodological practices in the MS Eurostat harmonises data received from the MS Major attention is paid to quality of data Eurostat calculates EU and Euro area aggregates Eurostat disseminates data via its database Eurostat publishes on-line and paper publications

4 5 May 18-19, 2009 Geneva February 2, 2009Luxembourg5 Institutional framework Regulation on Community statistics concerning balance of payments, international trade in services and foreign direct investment. MS are legally obliged to send the required data in accordance with the details and deadlines stated in the regulation. Balance of Payments Committee: composed of all MSs and chaired by Eurostat. Responsible for comitology issues Balance of Payments Working Group: platform for technical discussions

5 6 May 18-19, 2009 Geneva February 2, 2009Luxembourg6 Area of activities Quarterly Balance of Payments, International Trade in Services, Foreign Direct Investment, Foreign Affiliates Statistics, BoP of the European Institutions.

6 7 May 18-19, 2009 Geneva February 2, 2009Luxembourg7 International trade in services Flows: imports, exports and balance. Reporters: EU, Member States, Euro area, CCs, Norway, USA and Japan. Item classification: common Eurostat/OECD classification (EBOPS) – about 85 service categories Geographical partners: about 200 countries, economic and geographic zones Availability: Eurostat database - since 1985 Structural Indicators: Trade integration of services

7 8 May 18-19, 2009 Geneva February 2, 2009Luxembourg8 11 main groups

8 9 May 18-19, 2009 Geneva February 2, 2009Luxembourg9 EBOPS-Transport 205 Transportation 206 Sea transport 207 Passenger transport on sea 208 Freight transport on sea 209 Supporting, auxiliary and other sea transport services 210 Air transport 211 Passenger transport by air 212 Freight transport by air 213 Supporting, auxiliary and other air transport services 214 Other transport 218 Space transport 219 Rail transport 223 Road transport 227 Inland waterway transport 231 Pipeline transport 232 Other supporting and auxiliary transport services

9 10 May 18-19, 2009 Geneva February 2, 2009Luxembourg10 EBOPS-Travel

10 11 May 18-19, 2009 Geneva February 2, 2009Luxembourg11 EBOPS - other services 245 Communications services 246 Postal and courier services 247 Telecommunication services 249 Construction services 250 Construction abroad 251 Construction in the compiling economy 253 Insurance services 260 Financial services 262 Computer and information services 263 Computer services 264 Information services 266 Royalties and license fees

11 12 May 18-19, 2009 Geneva February 2, 2009Luxembourg12 EBOPS-other services (cont.) 268 Other business services 269 Merchanting and other trade-related services 270 Merchanting 271 Other trade related services 272 Operational leasing services 273 Miscellaneous business, professional and technical services 274 Legal, accounting, management and public relations services 278 Advertising, market research and public opinion polling 279 Research and development services 280 Architectural, engineering and other technical consultancy 281 Agricultural, mining, and on-site processing 284 Other miscellaneous business, professional and technical services 285 Services between affiliated enterprises, n.i.e. 287 Personal, cultural and recreational services 288 Audio-visual and related services 289 Other personal, cultural and recreational services 291 Government services, n.i.e.

12 13 May 18-19, 2009 Geneva February 2, 2009Luxembourg13 Geographical breakdown Level 1: World, CH, CA, US, JP, BR, RU, CN, HK, IN, EU, Extra-EU, Extra-Euro area, EUI, Offshore centres Level 2: 60 countries and 15 regions, 30 economic zones Level 3: More than 200 countries and regions

13 14 May 18-19, 2009 Geneva February 2, 2009Luxembourg14 ITS - timeline Annual ITS (illustrated by 2007 as reference year) MS sent all required data by 30 Sept Data treatmentOct.-Nov Dissemination (incl. aggregates)27 Nov Dissemination of non-EU countriesDec Preliminary data for 2008 (based on quarterly data) Data for IV quarter received 31 March 2009 Data for IV quarter published 22 April 2009 Preliminary 2008 annual data released 29 April 2009

14 15 May 18-19, 2009 Geneva February 2, 2009Luxembourg15 EUROSTAT WEBSITE

15 16 May 18-19, 2009 Geneva February 2, 2009Luxembourg16 ITS - Publication Press release (ITS 2007) (Preliminary 2008) Statistics in Focus International trade in services Trade in Services with South Korea Travel 2007 Current account preliminary results (to be released) Detailed Tables EU International trade in services – analytical aspects

16 17 May 18-19, 2009 Geneva February 2, 2009Luxembourg17 EU Total services with the rest of the world (in bn ) *2008: provisional data

17 18 May 18-19, 2009 Geneva February 2, 2009Luxembourg18 EU trade with its main partners, total services (in mil. )

18 19 May 18-19, 2009 Geneva February 2, 2009Luxembourg19 11 main groups: EU international trade in services with the rest of the world in 2008* (in bn ) *2008: provisional data

19 20 May 18-19, 2009 Geneva February 2, 2009Luxembourg20 Thank you for your attention


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