Annual bulletin 2023
World services exports reached $7.9 trillion in 2023 and grew by 8% annually. At the regional level, Latin America and the Caribbean recorded the highest annual growth in services exports, at 12%.
The fastest annual rise in services imports was noted in Asia and Europe, in both regions surpassing 10% in 2023.
The top ten services exporting developing economies captured 21% of the global services market in 2023.
This represents a rise of 5 percentage points compared to their market share in 2010 and indicates progress in diversifying exports further into tertiary sector international markets. Yet, most of the additional market share was captured by a few leading exporters.
