What’s driving the unprecedented collapse in global trade flows? This column shows that the magnitude of the global decline reflects greater synchronisation of trade flow declines across countries. Globalisation has brought the world in sync.
Source: OECD Statistics on International Trade in Services, Detailed Tables by Partner Country - Annual trade in total services statistics are shown - when available - for OECD countries plus EU, Euro Area, European Union Institutions, Hong Kong, China and the Russian Federation. The data concern bilateral trade between residents and non-residents of countries and are reported within the framework of the Manual on Statistics of
The current international standard for the compilation of balance of payments statistics is the IMF's Balance of Payments Manual, 5th edition (BPM5) published in 1993.
The IMF's Special Data Dissemination Standard (SDDS) website provides extensive information on current balance of payments compilation practices by most OECD Member countries and many non-member countries.
Statistics Working Paper N. 25 - 2008/3/REV1 - This paper provides new estimates of international trade in services for mode 3 (foreign affiliates' sales in a host country) for four major OECD countries, thanks to the harmonisation of FATS statistics with conventional international trade ones (trade recorded in the balances of payments - modes 1 and 2), using the CEPII's exhaustive CHELEM-BAL database. The results show that sales by
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This first issue of Statistics Brief covers a very important subject, international trade statistics, which plays a vital part in OECD's monitoring, analysis and projections of macroeconomic developments in individual economies and the world economy.
The IMF Balance of Payments Statistics Committee website contains: Committee annual reports; and statistical papers, committee papers and working papers on balance of payments compilation issues discussed by the Committee.