The importance of services in global trade continues to grow and for Sweden, services exports are gaining significant momentum. Despite the fact that the world economy in 2024 was characterised by weak global demand and uncertainty, global services exports rose by nearly 10 per cent and now account for just over one-third of the value of global export of goods.
Sweden climbed two positions to 19th place on the list of the world’s largest services exporters – and now accounts for 7 per cent of global exports of digital services, which are a key growth driver.
Europe maintained a stable position in 2024 as the world’s largest export region for services, accounting for just over half of global services exports. At the same time, Asia slightly increased its share to 25 per cent, while North America’s share remained steady at 16 per cent.
The US consolidated its position as the world’s largest services exporter and accounted for approximately 14 per cent of global exports.
Get the full overview in Business Sweden’s debut launch of a recurring analysis of services exports and Sweden’s position in the global market. The report is based on compiled statistics from the International Monetary Fund (IMF).
About the Analysis
Business Sweden publishes the report Global services exports once a year. The analysis is based on statistics from the International Monetary Fund (IMF), covering most countries’ foreign trade in services broken down into 12 services groups.
All figures are in current prices, converted from local currencies to US dollars. Business Sweden has consolidated the IMF’s 12 services groups and subgroups into 7 aggregates, which together account for 100 per cent of Swedish and global export of services.
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All analyses - Global exports of Services
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