Trade in goods and services forecast is the projected value of change in ownership of material resources and services between one economy and another.
Trade includes both imports and exports of goods and services. Export growth is calculated from the expected demand for a country’s goods and services abroad, while import growth reflects projected domestic demand for foreign goods and services.
Projections are based on assessments of national and global economic conditions, using both model-based analysis and expert judgement. Growth is calculate on annual volumes in USD.
This indicator is measured as percentage change compared to the previous period.
