8 minute readGetting timely information on global value chains is of key interest to policymaking, given the renewed interest in their resilience since the COVID-19 crisis. This article updates nowcasts of selected TiVA indicators for 2021-23 for 41 countries (36 OECD countries and Brazil, China, India, Indonesia, South Africa) and 24 industries, building on the OECD TiVA database, most recent data on balance of payments, national accounts and short-term indicators of the business cycles.
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8 minute readIntegration in global value chains has been high on the policy agenda since the start of the COVID-19 crisis. But indicators of trade in value added are often published with a long delay, limiting their relevance for policymaking. This column seeks to nowcast those indicators for 41 economies and 24 sectors for 2021 and 2022, using a range of models. The share of domestic value added in exports is estimated to have fallen in 2021-22, while domestic services value-added shares of exports are expected to have been broadly stable and the share of domestic value added embodied in foreign demand is nowcasted to have recovered over the period.
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10 minute readInternational trade is a major driver of economic growth, with exporting firms earning greater profits, paying higher wages, and growing faster than non-exporting firms. But women entrepreneurs are less likely to engage in international trade, leaving them unable to capitalise on such benefits.
This column analyses the factors inhibiting women-led firms from trading internationally and suggests policies to overcome them. Ensuring that businesses led by women are able to take advantage of international trade will foster gender equality, help close gender wage gaps, and contribute to more inclusive economic growth.
6 minute readAnalysing patterns in international trade in services can be a challenging task. Not all countries publish information on trade relations with their partners, and often what a country reports does not match what its trading partners say. The OECD-WTO Balanced Trade in Services (BaTIS) dataset addresses both these problems.
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5 minute readGlobal trade expanded in 2022 despite the challenging economic environment. Based on available information, OECD estimates suggest both merchandise and services trade increased by around 12% compared to 2021, as measured in current US dollars.
The annual growth in merchandise trade is the result of rapid expansion in the first half of the year.
4 minute readNowadays, policymaking and economic analyses rely heavily on statistics and international comparisons. The demand for high-frequency, reliable but also easily accessible data is increasing.
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5 minute readTraditionnellement, les tableaux des ressources et des emplois (TRE) ont été utilisés pour améliorer les estimations du produit intérieur brut (PIB)…
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4 minute readTraditionally, Supply and Use Tables (SUTs) have been used to improve Gross Domestic Product (GDP) estimates by balancing the supply and demand of goods and services within the national accounts.
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