UNCTAD [to 12 December 2015]

UNCTAD [to 12 December 2015]
http://unctad.org/en/Pages/AllPressRelease.aspx

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08 Dec 2015 – International trade in services was main driver of growth in global trade in 2014
UNCTAD’s Handbook of Statistics 2015 reveals that global trade in services grew by 5 per cent as merchandise trade stagnates and foreign direct investment falls
UNCTAD/PRESS/PR/2015/045
Geneva, Switzerland, (08 December 2015)
International service exports accounted for 21 per cent of total global exports (valued at just over $5 trillion) in 2014, a growth of almost 5 per cent compared with the previous year, while merchandise exports (valued at $19 trillion), increased by only 0.3 per cent in the year, as measured in current prices, UNCTAD’s Handbook of Statistics 20151 reveals. Total global exports for 2014 were valued at $24 trillion, up by 1.2 per cent compared with the previous year.

Services exports from both developed and developing economies grew strongly in 2014, at 5.3 per cent and 4.8 per cent respectively. But services exports from the transition economies of South-East Europe and the Commonwealth of Independent States (CIS), as well as Georgia, declined sharply in 2014, falling by almost $10 billion or 7 per cent compared with 2013…