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

February 2, 2009 Luxembourg 1

1 May 18-19, 2009 Geneva

International Trade in Services

Franca Faes-Cannito European Commission

Eurostat, Balance of Payments Unit

February 2, 2009 Luxembourg 2

2 May 18-19, 2009 Geneva

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

February 2, 2009 Luxembourg 3

3 May 18-19, 2009 Geneva

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

February 2, 2009 Luxembourg 4

4 May 18-19, 2009 Geneva

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

February 2, 2009 Luxembourg 5

5 May 18-19, 2009 Geneva

Area of activities

Quarterly Balance of Payments,

International Trade in Services,

Foreign Direct Investment,

Foreign Affiliates Statistics,

BoP of the European Institutions.

February 2, 2009 Luxembourg 6

6 May 18-19, 2009 Geneva

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

February 2, 2009 Luxembourg 7

7 May 18-19, 2009 Geneva

11 main groupscode definition200 SERVICES 205 Transport 236 Travel245 Communications services 249 Construction services 253 Insurance services 260 Financial services 262 Computer and information services 266 Royalties and licence fees 268 Other business services287 Personal, cultural and recreational services 291 Government services, n.i.e

February 2, 2009 Luxembourg 8

8 May 18-19, 2009 Geneva

EBOPS-Transport205 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

February 2, 2009 Luxembourg 9

9 May 18-19, 2009 Geneva

EBOPS-Travel

236 Travel

237 Business travel

238 Expenditure by seasonal and border workers

239 Other business travel

240 Personal travel

241 Health-related expenditure

242 Education related expenditure

243 Other personal travel

February 2, 2009 Luxembourg 10

10 May 18-19, 2009 Geneva

EBOPS - other services245 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

February 2, 2009 Luxembourg 11

11 May 18-19, 2009 Geneva

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.

February 2, 2009 Luxembourg 12

12 May 18-19, 2009 Geneva

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

February 2, 2009 Luxembourg 13

13 May 18-19, 2009 Geneva

ITS - timelineAnnual ITS (illustrated by 2007 as reference year)

• MS sent all required data by 30 Sept. 2008

• Data treatment Oct.-Nov. 2008

• Dissemination (incl. aggregates) 27 Nov. 2008

• Dissemination of non-EU countries Dec. 2008

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

February 2, 2009 Luxembourg 14

14 May 18-19, 2009 Geneva

EUROSTAT WEBSITE

February 2, 2009 Luxembourg 15

15 May 18-19, 2009 Geneva

ITS - Publication

Press release• 27.11.2008 (ITS 2007)• 22.04.2009 (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

February 2, 2009 Luxembourg 16

16 May 18-19, 2009 Geneva

EU Total services with the rest of the world (in bn €)

*2008: provisional data

0

100

200

300

400

500

600

2004 2005 2006 2007 2008*

Credit Debit Net

February 2, 2009 Luxembourg 17

17 May 18-19, 2009 Geneva

EU trade with its main partners, total services (in mil. €)

Rank* Trading partner Credit Debit Net Credit Debit Net1 Switzerland 53252 38146 15107 61503 43987 175162 United States of America133753 122029 11724 139135 127717 114173 Russia 14699 10986 3713 19238 12030 72084 Norway 16275 10677 5599 19008 11912 70965 Japan 18607 13193 5413 19378 13805 55736 Australia 9180 6028 3151 10747 6284 44637 Singapore 10426 6034 4392 11397 7133 42648 China 13346 11890 1456 17766 13769 39969 South Korea 6759 3973 2786 7212 3961 3251

10 India 7259 5769 1490 9555 7020 253511 Nigeria 4912 1560 3352 3874 1708 216612 Canada 10397 8467 1930 11695 9648 204713 Brazil 5259 4650 609 6417 4791 162614 Venezuela 1541 762 779 2102 719 138315 Chile 2331 1169 1162 2712 1373 133916 South Africa 5558 4386 1173 5704 4380 132417 Mexico 4190 2622 1568 4535 3303 123218 Taiwan 3390 2021 1369 3722 2550 117229 Morocco 1819 3613 -1794 2104 4407 -230330 Croatia 2253 4799 -2546 2333 4931 -259831 Thailand 2029 4623 -2594 2151 4926 -277632 Egypt 2405 5093 -2688 2610 5700 -309133 Turkey 5945 10805 -4860 6617 11900 -5282

* ordered according to EU net in 2007

2006 2007

February 2, 2009 Luxembourg 18

18 May 18-19, 2009 Geneva

11 main groups: EU international trade in services with the rest of the world in 2008* (in bn €)

*2008: provisional data

0

100

200

300

400

500

600S

ervi

ces

Tra

nsp

ort

Tra

vel

Co

mm

un

icat

ion

sse

rvic

es

Co

nst

ruct

ion

serv

ices

Insu

ran

cese

rvic

es

Fin

anci

alse

rvic

es

Co

mp

ute

r an

din

form

atio

nse

rvic

es

Ro

yalt

ies

and

lice

nse

fee

s

Oth

er b

usi

nes

sse

rvic

es

Per

son

al,

cult

ura

l an

dre

crea

tio

nal

serv

ices

Go

vern

men

tse

rvic

es,

n.i

.e.

-40

-20

0

20

40

60

80

100

Credit Debit Net

February 2, 2009 Luxembourg 19

19 May 18-19, 2009 Geneva

Thank you for your attention