Who are the services traders? Are the traders foreign owned and what is their size class by number of employees? Services Trade by Enterprise Characteristics (STEC) aims to answer to those questions measuring services international trade by using data from different data sources. That enables to present the same statistical data in the different way.
STEC data serve several purposes:
- analyses the enterprises involved in international trade in services,
- input for the compilation of multi-regional input-output tables
- enables deeper analysis on trade in value added
Statistics on ‘‘international trade in services’’ currently provide the monetary value of trade in services, broken down by service category (e.g. computer services or legal services) and by partner country. These statistics are produced from the transactions recorded under the country’s balance of payments, which captures all transactions that take place between an economy’s residents and non-residents. Linking the two datasets (the business register and services traders') at business level, using a common identifier (the business register code) has allowed a cross-classification to be created, providing us with new data on businesses involved in trade in services.
By reusing data that already exists, we are getting more value from these data. Using data from another source at the same time allows us to draw different information out of the original data set. We are thus able to classify businesses either by the information available in the business register or by other known characteristics, in order to analyse trade in services by businesses of different types.
In STEC compilation method, there are tables that consist of two or more dimensions. The tables include information about by size class, ownership, activity sector and service category.
The first STEC results are available in the Statistics Explained article "Services trade by enterprise characteristics – STEC".