Improving Services Data Collection in Least-Developed and Low-Income Countries: A Toolkit

Despite the availability of new data from the World Bank, the coverage of services trade data, both aggregate and at the sector level, remains a challenge for Low-income (LICs) and Least Developed Countries (LDCs) whose policy-makers and trade negotiators remain in the dark. As part of a series of trainings developed for central banks, national statistical institutes (NSIs), policy-makers, regulators and trade negotiators in these countries, this toolkit provides practical guidance for them to better collect, compile and use data on services trade. Designed based on good practices tested in similar countries, the strategy proposed here follows a sequenced process from adopting enabling legislative provisions and institutional frameworks, to securing external technical assistance and diversifying data sources.