Luxembourg LU: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services

Luxembourg LU: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services data was reported at -1.231 USD bn in 2024. This records an increase from the previous number of -3.058 USD bn for 2023. Luxembourg LU: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services data is updated yearly, averaging 402.200 USD mn from Dec 2010 (Median) to 2024, with 15 observations. The data reached an all-time high of 1.786 USD bn in 2011 and a record low of -3.058 USD bn in 2023. Luxembourg LU: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.TISP: Trade in Services: Trade Balance: USD: by Services: OECD Member: Annual. MSITS 2010 recommends that the BPM6 component telecommunications, computer, and information services be further disaggregated into three sub-components:  telecommunications services, computer services and information services.Computer services and telecommunications services are defined in terms of the nature of the service, not the method of delivery. To illustrate, provision of business services, such as accounting services, is included under the appropriate sub-component of other business  services even if these services are entirely delivered by computers or the Internet. Only amounts payable for transmission should be included under telecommunications services. Downloaded content is included in the appropriate services items.Telecommunications services covers the broadcast or transmission of sound, images, data, or other information by telephone, telex, telegram, radio and television cable transmission, radio and television satellite, electronic mail, facsimile, etc., and includes business network services, teleconferencing and support services. It does not include the value of the information transported. Also included are mobile telecommunications services, Internet backbone services and online access services, including the provision of access to the Internet. Excluded are installation services for telephone network equipment (included in construction), and database services (included in information services).Computer services consists of hardware- and software-related services and dataprocessing services. Some forms of software are classified under goods. EBOPS 2010 proposes a complementary grouping, computer software transactions, covering all transactions relating to computer software, be it services or goods transactions; and recommends the breakdown of computer services into computer software and other computer services.

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What was Luxembourg's Luxembourg LU: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services in 2023?

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