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and entertainment in the broadest sense of those terms––the production of general or specialized information, news,
consultancy reports, computer programs, movies, music, etc. The outputs of these industries, over which ownership
rights may be established, are often stored on physical objects––paper, tapes, disks, etc.––that
can be traded like
ordinary goods. Whether characterized as goods or services, these products possess the essential characteristic that
they can be produced by one unit and supplied to another, thus making possible division of labour and the
emergence of markets.”
The 1993 SNA recommends the use of CPC for the classification of products or outputs of industry. Services are
classified using sections 5 through 9 of CPC, Version 1.0. The 1993 SNA recommends the use of ISIC, Rev.3 for
the classification of industry. In practice, service industries (or activities) are taken
to be those in sections G
through Q of ISIC, Rev.3. In BPM5, the concept of services is, in principle, essentially that of the 1993 SNA, but
for practical measurement reasons international trade in services between residents and non-residents includes
some trade in goods, such as those bought by travellers and those purchased by embassies. On the other hand,
under certain circumstances international trade in goods may indistinguishably include
such service charges as
insurance, maintenance contracts, transport charges, royalty payments and packaging.
Examples of service activities are wholesale, retail, certain kinds of repair, hotel, catering, transport, postal,
telecommunication, financial, insurance, real estate,
property rental, computer-related, research, professional,
marketing and other business support,
government, education, health, social, sanitation, community, audiovisual,
recreational,
cultural, personal, and domestic services.
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