Abstract
Value added of production in the world economy is a key factor, especially in industries including construction. According to data for 2023, Iran will have the largest production value added, which will reach 60.9 PLCU. This is an important indicator of domestic economic activity and industrial growth, and reflects the large role of the construction industry in the country’s gross domestic product (GDP). The construction industry is a sector that directly contributes to national development through infrastructure development and housing construction, and the high added value of its production shows a close relationship with economic growth. Similar trends are seen in other regions and countries and are influenced by differences in industrial structure and economic policies. Given the diversity of economies, comparing the value added of production is an important indicator for understanding trends in economic growth across countries and regions.
Service exports (usd)
Services exports (usd) have experienced remarkable growth during the period 1960-2023. In the early 1960s, services exports were relatively small and took place mainly between developed countries. However, with the rise of globalization and technological innovation, trade in services has expanded rapidly. In the 2000s, developments in digital technology and the spread of the Internet supported the rapid growth of services exports. In particular, IT-related services, financial services, and tourism have shown strong growth, and developing countries are now entering the service economy. During this period, the international distribution of services accelerated, and global service supply by multinational corporations and freelancers became commonplace. In 2023, the value of services exports is expected to reach USD 7.78 trillion, a record high. This peak is the result of global digitalization, the spread of remote working, and structural changes in international trade. Currently, services exports play an important role in the global economy, contributing to economic growth, especially in developed and emerging countries. Overall, services exports have grown dramatically over the past few decades and have become an essential part of the global economy. This trend is expected to continue, and innovation and adaptation in the services sector will be key.
The maximum is the latest one, 7.78TUSD of World
Service exports (usd) (worldwide)
U.S. services exports (USD) will experience significant growth between 1960 and 2023, reaching an all-time high of USD 999 billion in 2023. In the 1960s, U.S. exports of services were relatively limited, but economic globalization and technological change led to a rapid expansion of the services sector. Especially since the 1980s, the IT revolution and the spread of the Internet have accelerated the growth of services exports. The United States has a competitive advantage in a variety of service sectors, including IT, finance, consulting, and media, and exports in these sectors have surged. The expansion of remote work and digital platforms also helped support U.S. service exports. In the 2000s, U.S. services exports became more diversified, with growth in new areas, particularly health care, education, and entertainment. With the global business environment, American services have spread around the world and become an important source of revenue. The record of USD 999 billion in 2023 marks the peak of US services exports. This growth is due to advanced technology, global market leadership and increasing international demand for diversified services. Going forward, U.S. services exports are expected to continue to play an important role due to improved innovation and international competitiveness.
The maximum is the latest one, 999GUSD of United States
Services exports (usd) (World countries, latest year)
According to data for 2023, global services exports will reach a total of USD 7.19 trillion, with the United States accounting for the largest share at USD 999 billion. At this point, US services exports are overwhelmingly larger than any other country, accounting for approximately 13.9% of the world total. Meanwhile, the global average services exports is USD 6.3 billion. Over the past few decades, services exports have grown rapidly. Especially from the 1990s to the early 2000s, developments in IT and communications technology facilitated the international distribution of services. Developed countries, including the United States, have competitive advantages in a variety of service sectors, including finance, IT, and entertainment, which has supported the growth of service exports. Furthermore, emerging countries are also actively entering the services export market, changing the structure of the global services market. This will diversify sources of supply of services and boost exports from both developed and emerging countries. Overall, services exports play a key role in the global economy, with developed economies playing a key role, as shown by the dominating share of the United States. The growth of services exports is closely linked to technological change and changes in international demand.
The maximum is 999GUSD of United States, the average is 63GUSD, and the total is 7.19TUSD
Services exports (usd) (region, latest year)
According to data for 2023, the total value of global services exports is expected to reach USD 8.41 trillion, with the European Union (EU) accounting for the largest share at USD 2.9 trillion. In comparison, the average global services exports are USD 1.05 trillion. Services exports have experienced significant growth over the past few decades. Especially since the 1990s, globalization and advances in digital technology have greatly promoted international trade in services. The EU plays a key role in the global services export market, thanks to its diverse economic base and competitiveness in advanced services sectors, particularly finance, IT, tourism and professional services. On the other hand, America’s service exports are also important, with particular strength in the IT and entertainment sectors. This positions both the US and the EU as major players in global services exports. In recent years, service exports from emerging countries have also expanded, with China and India in particular leading the growth. This has led to increased competition in the services export market and a more diverse global services supply chain. Overall, services exports are playing an increasingly important role in the global economy, and their trends are attracting attention, especially as the economic strength of developed countries and the growth of emerging countries intersect.
The maximum is 2.9TUSD of European Union, the average is 1.05TUSD, and the total is 8.41TUSD
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