Communications, computer, etc. (% of service imports, BoP)

This indicator captures the proportion of service imports related to various sectors, including telecommunications, computing, and information services, reflecting the increasing digital integration of the global economy. It encompasses a diverse range of service transactions, from international communications and data management to royalties for intellectual property and technical consultancy. By also accounting for construction expertise, cultural exchanges, and personal services, it provides insights into the multifaceted nature of service imports. The indicator serves as a crucial metric for understanding how nations engage in knowledge transfer and specialized services, illustrating their reliance on international capabilities and how these imports can shape domestic sectors, foster innovation, and stimulate economic growth. Source: