Services statistics capture the trends, contribution and competitiveness of the sector
The Government will explore alternative data sources to better understand Australia’s services exports with the view to developing a robust data asset that provides timely insight into the true value of the services sector.
The Australian Government should provide ongoing funding for the Australian Bureau of Statistics (ABS) to undertake regular services exports surveys and produce a national dataset, including earnings of Australian foreign affiliates.
The Australian Government should examine how alternative data sources could help to better understand Australia’s services exports, with the view to developing a robust data asset that provides timely insight into the true value of the services sector.
Progress to date
The Department of Foreign Affairs and Trade commissioned a report on ‘born global’ exporters – Research into the experiences of Born Global service exporters – to identify the factors that enable success in exporting.