PARIS - Getting timely information on global value chains is of key interest to policymaking, given the renewed interest in their resilience since the COVID-19 crisis.
This article updates nowcasts of selected TiVA indicators for 2021-23 for 41 countries (36 OECD countries and Brazil, China, India, Indonesia, South Africa) and 24 industries, building on the OECD TiVA database, most recent data on balance of payments, national accounts and short-term indicators of the business cycles.
Key findings
- The share of domestic value added in exports is estimated to have increased marginally in 2023 in most OECD and in key emerging-market economies (China, India, Brazil, Indonesia and South Africa).
- Most countries experienced a rise in the share of domestic value added in exports in manufacturing, while the picture was mixed in services.
- Domestic services shares of exports are estimated to have increased slightly in 2023 in most countries covered, especially in manufacturing. The foreign services share is estimated to have been broadly stable on average across countries.
For the full article, visit: https://oecdstatistics.blog/2024/03/14/insights-on-engagement-in-global-value-chains-in-2023/
