INTERNATIONAL TRADE IN SERVICES
In original terms, between 2004-05 and 2005-06 exports of services from the ACT (i.e. international trade in services credits) increased by $49m (6%) to $903m and imports of services to the ACT (i.e. international trade in services debits) increased by $72m (7%) to $1,154m. At the national level, exports of services increased by 6% (to $42b) and imports of services increased by 5% (to $41b).
Government services not included elsewhere (n.i.e.) accounted for the largest proportion of international trade in services for the ACT, for both credits and debits. For credits, Government services n.i.e. accounted for $500m in 2005-06, or 55% of the total. For debits, the expenditure on this component was even more pronounced: $801m or 69% of the total.
At the national level, in contrast, Travel accounted for the largest proportion of expenditure on international trade in services. In 2005-06 travel credits totalled $23b or 54% of the total. Travel debits totalled $15b or 37% of total debits. The most notable difference was in terms of education-related travel, where credits totalled nearly $10b and debits totalled $740m.
The importance of education-related travel to the ACT is highlighted in Table 4.11 below. In 2005-06 the ACT exported $183m worth of education-related travel services, an increase of $11m over 2004-05. Furthermore, exports of education-related travel accounted for 58% of total travel credits. In comparison, at the national level, education related travel accounted for 43% of total travel credits in 2005-06. Although still significant this is 15 percentage points less than for the ACT.
4.11 International trade in services, ACT and Australia: Credits |
|  |
| | | 2004-05 | 2005-06 | |
| | | ACT | Aust. | ACT | Aust. | |
| | | $m | $m | $m | $m | |
| |
| Transportation | 1 | 8 002 | - | 8 293 | |
| Travel | | | | | |
| Business | 48 | 1 725 | 32 | 2 085 | |
| Personal | | | | | |
| | Education-related | 172 | 8 767 | 183 | 9 813 | |
| | Other | 88 | 10 948 | 101 | 10 794 | |
| | Total personal | 260 | 19 715 | 284 | 20 607 | |
| Communication(a) | 15 | 831 | np | 829 | |
| Construction services | - | 106 | - | 135 | |
| Insurance services | - | 684 | - | 704 | |
| Financial services | - | 998 | - | 1 002 | |
| Computer & information services | - | 1 251 | np | 1 168 | |
| Royalties & licence fees | np | 706 | 17 | 765 | |
| Other business services | 37 | 4 263 | 46 | 4 828 | |
| Personal, cultural & recreational services | np | 547 | 4 | 659 | |
| Government services n.i.e. | 473 | 867 | 500 | 874 | |
| Total(b) | 854 | 39 695 | 903 | 41 949 | |
| |
| - nil or rounded to zero (including null cells) |
| np not available for publication but included in totals where applicable, unless otherwise indicated |
| (a) Communication services includes other services n.i.e. |
| (b) Total includes confidential items. |
| International Trade In Goods and Services by Country, by State and by Detailed Services Category, Financial Year, 2005-06 (cat. no. 5368.0.55.003), Data cubes. |
4.12 International trade in services, ACT and Australia: Debits |
| |
| | | 2004-05 | 2005-06 | |
| | | ACT | Aust. | ACT | Aust. | |
| | | $m | $m | $m | $m | |
| |
| Transportation | -1 | -13 796 | - | -14 509 | |
| Travel | | | | | |
| Business | -63 | -2 472 | -68 | -2 521 | |
| Personal | | | | | |
| | Education-related | -22 | -702 | -31 | -741 | |
| | Other | -206 | -11 333 | -219 | -11 892 | |
| | Total personal | -228 | -12 035 | -250 | -12 633 | |
| Communication(a) | np | -842 | -14 | -829 | |
| Construction services | - | - | - | - | |
| Insurance services | - | -872 | - | -900 | |
| Financial services | - | -527 | - | -581 | |
| Computer & information services | -1 | -1 095 | -5 | -1 067 | |
| Royalties & licence fees | -2 | -2 482 | -2 | -2 733 | |
| Other business services | np | -3 314 | -14 | -3 467 | |
| Personal, cultural & recreational services | - | -1 120 | - | -1 080 | |
| Government services n.i.e. | -760 | -760 | -801 | -801 | |
| Total(b) | -1 082 | -39 315 | -1 154 | -41 121 | |
| |
| - nil or rounded to zero (including null cells) |
| np not available for publication but included in totals where applicable, unless otherwise indicated |
| (a) Communication services includes other services n.i.e. |
| (b) Total includes confidential items. |
| International Trade In Goods and Services by Country, by State and by Detailed Services Category, Financial Year, 2005-06, (cat. no. 5368.0.55.003), Data cubes. |
