Chinese Academy of International Trade and Economic Cooperation Institute of International Trade in Services


Evaluation system table of development index of trade in services (country and region index)



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2 1 International Experience and Practice of China Statistics on Trade in Services Li Jun

Evaluation system table of development index of trade in services (country and region index)

2020 Index Report Calculation Results (Top 20)


In the calculation of country index, this report estimates the development level of trade in services in 80 countries and regions around the world according to the availability of data and obtains the index ranking of 80 economies according to the index system.
In 2021, the development index of trade in services ranked in the top 20 (80 economies in total)

Country

2021

2020

Scale index

Structure index

Status index

Industrial base index

Comprehensive index

USA

1

1

8.42

8.40

23.23

24.82

64.87

Luxembourg

2

-

9.74

15.60

14.35

22.18

61.87

Ireland

3

2

6.92

14.77

19.27

14.09

55.05

UK

4

5

4.12

9.98

15.04

16.38

45.52

Singapore

5

4

4.23

8.33

14.78

15.75

43.08

France

6

8

3.59

8.04

12.98

16.77

41.38

Germany

7

7

4.62

7.14

15.07

14.29

41.13

Macao (China)

8

3

0.65

6.20

11.45

21.05

39.35

Netherlands

9

6

3.07

7.97

12.52

15.71

39.28

Japan

10

10

2.53

8.01

10.18

16.75

37.46

Belgium

11

11

2.18

7.21

10.08

15.38

34.84

Hong Kong (China)

12

9

1.22

5.25

9.05

18.87

34.39

Sweden

13

13

1.33

9.19

8.11

14.95

33.57

China

14

20

4.74

4.36

14.81

9.28

33.19

Denmark

15

12

1.68

6.11

8.95

15.21

31.94

Canada

16

16

1.38

7.03

8.00

15.15

31.56

Spain

17

14

1.16

6.45

8.90

14.38

30.88

Italy

18

15

1.37

6.47

8.04

14.66

30.53

Finland

19

17

0.72

9.42

6.80

13.00

29.93

Austria

20

15

1.21

6.46

8.50

13.05

29.22
  • The United States and Luxembourg are in the top two places in the world.

  • The top 10 are the United States, Luxembourg, Ireland, the United Kingdom, Singapore, France, Germany, Macau (China), the Netherlands, and Japan.
  • China ranked 14th in trade in services.

  • China ranked 14th, the scale index rose from 8th to 4th, the structure index rose from 67th to 53rd, the status index from 8th to 5th, but the industrial base index fell from 20th to 38th.
  • Main reasons for the change of China's index

  • First, the optimization of the structure of China's trade in services;
    Second, the impact of the COVID-19 on economies across the world;
    Third, the increasingly solid foundation of China's service industry.

The development index of trade in services at the provincial level in China

  • Shanghai, Beijing, Guangdong and Jiangsu rank in the first echelon;
  • There are 11 provinces and cities in the range of 20-30, and 15 with scores below 20;
  • Most of the top 10 provinces and cities belong to coastal provinces and cities.
  • The development of trade in services in the eastern region far exceeds that in the central and western regions, and the total index in the western region is slightly higher than that in the central region.

Urban area

The first echelon

Shanghai

Beijing

Guangdong

Jiangsu

The second echelon

Shandong, Zhejiang

Tianjin, Sichuan

Hainan, Guizhou

Shaanxi, Chongqing

Liaoning, Qinghai, Hubei

 
 
Third echelon

Fujian, Anhui, Yunnan

Hunan, Hebei, Xinjiang

Heilongjiang, Shanxi, Gansu,
Henan, Jiangxi, Jilin

Guangxi, Ningxia, Inner Mongolia

Main conclusions of the 2020 index report


First, the U.S. maintains its world number one status. The United States possesses the largest scale of service trade in the world, with strong competitiveness in many fields such as finance and intellectual property. According to WTO data, total trade volume of U.S. service trade reached USD 1,464184 trillion, up 8.91% year-on-year. According to the development index of trade in services, the U.S. is 70.68, which is nearly twice as much as China's 34.85, and the U.S. is at the top in all indicators. Among them, it ranks first in the status index and industrial base index, which benefits from its huge service industry.
Second, the top 10 rankings changed slightly but remained stable overall. This report selects 91 economies around the world for index calculation. Compared with the index ranking of 2019 edition, the top 10 in the 2020 development index of trade in services ranking are not much different from last year's ranking, namely the United States, Ireland, Macao, China, Singapore, the United Kingdom, the Netherlands, Germany, France, Hong Kong, China and Japan, all of which are high-income economies.
Third, the scale agglomeration effect of global service trade is increasingly obvious. Throughout the past three years, the top ten countries in the global services trade scale have remained stable, as the United States, China, Germany, the United Kingdom, France, Ireland, the Netherlands, Japan, Singapore, and India. Although the ranking is slightly different every year, it is basically stable within these ten countries. The total trade volume of these ten countries shows a rising trend year by year, from 53.4% of the world's total services trade in 2017 to 53.43% in 2018, and then to 54.14% in 2019, with a significant agglomeration effect on the development of world services trade.

Main conclusions of the 2020 index report


Fourth, China has maintained its 20th place in the world for three consecutive years. From 2018 to 2020, the development index of trade in services of China ranked 20th in the world for three consecutive years and remained stable as a whole. From the sub-index point of view, in terms of scale index, China dropped slightly from 7th to 8th; the structure index rose from the 72nd in 2018 to the 67th; the status index dropped slightly from the 6th in 2018 to the 8th; the industrial base index has greatly improved, rising from the 41st in 2018 to the 20th; the environmental index rose from 59th in 2018 to 41st. The changes in these indexes are mainly attributed to two reasons: first, China continues to deepen reform and opening up, promotes the construction of Free Trade Zone, and the continuous optimization of the business environment has become the main internal cause of the rapid improvement of China's environmental index. Second, China's digital trade is developing faster and the proportion of digitally-deliverable services is increasing. Third, the domestic service industry is growing at a faster rate and its share in GDP has increased.

Main conclusions of the 2020 index report


Fifth, the development index of trade in services is highly positively correlated with the income level of a country and region, while it is not significantly related to the economic volume.
correlation between the development index of trade in services of economies around the world and GDP per capita
Per capital GDP (USD)
Katar
Global average
China
UK
Netherlands
Singapore
Ireland
USA
Macau, China
Development index of trade in services

Thank you!


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Mail: bjbjfulj@126.com
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