📈 Global Digitally Delivered Services Trade Surges to $4.3 Trillion in 2023

From 2005 to 2023, global trade in digitally delivered services* expanded at a compound annual growth rate (CAGR) of 8.2%, outpacing the growth of goods trade exports by 4.6% and overall services exports by 6.2%. Over this period, the value of digitally delivered services increased from $1.0 trillion to $4.3 trillion.

Asia led this expansion with exports growing at a remarkable 10.9% CAGR, followed by the European Union (8.2%) and the United States (7.6%). In 2023, the European Union emerged as the largest exporter with $1.62 trillion, trailed by Asia at $1.15 trillion, the United States at $649 billion, and the rest of Europe at $608 billion. Smaller contributions came from the Rest of America ($163 billion) and Africa and Oceania ($60 billion).

Advanced economies dominated the sector in 2023, accounting for more than 80% of the total trade in digitally delivered services.

*Digitally delivered services trade includes services exchanged via computer networks, such as the Internet, apps, emails, voice and video calls, and digital intermediation platforms.