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Economy > Trade > Trade in services Stats: compare key data on South Korea & United States

Definitions

  • Exports of services: International trade in services is defined according to the 5th edition of the IMF Balance of Payments Manual (BPM5). Services include transport (both freight and passengers), travel (mainly expenditure on goods and services by tourists and business travellers), communications services (postal, telephone, satellite, etc.), construction services, insurance and financial services, computer and information services, royalties and license fees, other business services (merchanting, operational leasing, technical and professional services, etc.), cultural and recreational services (rents for films, fees for actors and other performers, but excluding purchases of films, recorded music, books, etc.) and government services not included in the list above.
  • Exports of services per million: International trade in services is defined according to the 5th edition of the IMF Balance of Payments Manual (BPM5). Services include transport (both freight and passengers), travel (mainly expenditure on goods and services by tourists and business travellers), communications services (postal, telephone, satellite, etc.), construction services, insurance and financial services, computer and information services, royalties and license fees, other business services (merchanting, operational leasing, technical and professional services, etc.), cultural and recreational services (rents for films, fees for actors and other performers, but excluding purchases of films, recorded music, books, etc.) and government services not included in the list above. Figures expressed per million population for the same year.
  • Exports of services, % of GDP: International trade in services is defined according to the 5th edition of the IMF Balance of Payments Manual (BPM5). Services include transport (both freight and passengers), travel (mainly expenditure on goods and services by tourists and business travellers), communications services (postal, telephone, satellite, etc.), construction services, insurance and financial services, computer and information services, royalties and license fees, other business services (merchanting, operational leasing, technical and professional services, etc.), cultural and recreational services (rents for films, fees for actors and other performers, but excluding purchases of films, recorded music, books, etc.) and government services not included in the list above. Figures expressed as a proportion of GDP for the same year
  • Imports of services: International trade in services is defined according to the 5th edition of the IMF Balance of Payments Manual (BPM5). Services include transport (both freight and passengers), travel (mainly expenditure on goods and services by tourists and business travellers), communications services (postal, telephone, satellite, etc.), construction services, insurance and financial services, computer and information services, royalties and license fees, other business services (merchanting, operational leasing, technical and professional services, etc.), cultural and recreational services (rents for films, fees for actors and other performers, but excluding purchases of films, recorded music, books, etc.) and government services not included in the list above.
  • Imports of services per million: International trade in services is defined according to the 5th edition of the IMF Balance of Payments Manual (BPM5). Services include transport (both freight and passengers), travel (mainly expenditure on goods and services by tourists and business travellers), communications services (postal, telephone, satellite, etc.), construction services, insurance and financial services, computer and information services, royalties and license fees, other business services (merchanting, operational leasing, technical and professional services, etc.), cultural and recreational services (rents for films, fees for actors and other performers, but excluding purchases of films, recorded music, books, etc.) and government services not included in the list above. Figures expressed per million population for the same year.
  • Imports of services, % of GDP: International trade in services is defined according to the 5th edition of the IMF Balance of Payments Manual (BPM5). Services include transport (both freight and passengers), travel (mainly expenditure on goods and services by tourists and business travellers), communications services (postal, telephone, satellite, etc.), construction services, insurance and financial services, computer and information services, royalties and license fees, other business services (merchanting, operational leasing, technical and professional services, etc.), cultural and recreational services (rents for films, fees for actors and other performers, but excluding purchases of films, recorded music, books, etc.) and government services not included in the list above. Figures expressed as a proportion of GDP for the same year
STAT South Korea United States
Exports of services $63.03 Billion US dollars
Ranked 14th.
$497.25 Billion US dollars
Ranked 1st. 8 times more than South Korea
Exports of services per million $1.28 Billion US dollars
Ranked 26th.
$1.62 Billion US dollars
Ranked 24th. 26% more than South Korea
Exports of services, % of GDP 7.56e-09%
Ranked 20th. 2 times more than United States
3.58e-09%
Ranked 28th.
Imports of services $83.61 Billion US dollars
Ranked 10th.
$378.13 Billion US dollars
Ranked 1st. 5 times more than South Korea
Imports of services per million $1.70 Billion US dollars
Ranked 21st. 38% more than United States
$1.23 Billion US dollars
Ranked 25th.
Imports of services, % of GDP 1e-08%
Ranked 11th. 4 times more than United States
2.72e-09%
Ranked 28th.

SOURCES: OECD Country statistical profiles 2009; OECD Country statistical profiles 2009. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; OECD Country statistical profiles 2009. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.

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