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The United States of America is the top country by service exports in the world. As of 2018, service exports in the United States of America was 828,424 million US dollars that accounts for 16.13 % of the world's service exports. The top 5 countries (others are the United Kingdom, Germany, France, and China) account for 40.40 % of it. The world's total service exports was estimated at 5,135,960 million US dollars in 2018.The description is composed by our digital data assistant.
Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993)