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Digitally Deliverable Services Remain an Important Component of U.S. Trade

Last year, DOC economist Jessica Nicholson and I wrote "Digital Economy and Cross-Border Trade: The Value of Digitally-Deliverable Services." In that report, we estimated the total value of U.S. trade in digitally-deliverable services—i.e., services that may be, but are not necessarily, delivered digitally. Since the publication of our report, we have received many requests to provide updated data on this valuable sector of our economy.

Measuring Bytes across Borders

Digitally-deliverable services such as banking and telecommunications are important contributors to U.S. trade and the overall trade balance. When these services are considered as inputs throughout the production process, their value is even more apparent. Virtually no good or service is produced in the United States without input from one of the many digitally-deliverable services. Furthermore, the recent trend towards increased digitization shows no signs of slowing down.

Digital Economy and Cross-Border Trade: The Value of Digitally-Deliverable Services

The digital, or Internet, economy has transformed many aspects of our lives over the past two decades. How we communicate, entertain ourselves, make decisions, and do business continues to evolve as the digital economy grows in size and importance. Given this transformation, it is becoming even more important for policymakers to consider how the Internet affects our lives and the economy as a whole.

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