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May 2016

New BEA Estimates of International Trade in Digitally Enabled Services

Information and communication technologies (ICT) are increasingly changing how firms do business, how people communicate, and how international transactions take place. In 2014, the United States exported close to $400 billion in potentially ICT-enabled services, representing more than half of all U.S. exports of services, according a new report about trends in ICT and potentially ICT-enabled services by the Bureau of Economic Analysis (BEA). The new BEA estimates are part of a larger Department of Commerce effort to better measure the digital economy and cross-border data flows. 

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