DEFINITION
Services

The services statistics are estimates of services transactions between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and other U.S. territories and possessions. Transactions with U.S. military, diplomatic, and consular installations abroad are excluded because they are considered to be part of the U.S. economy. Services are shown in seven broad categories. Types of services for imports and exports are the same for six of the seven categories. They are Travel; Passenger Fares; Other Transportation; Royalties and License Fees; Other Private Services; and U.S. Government Miscellaneous Servcies. For the seventh, exports are "Transfers Under U.S. Military Sales Contracts" while for imports the category is "Direct Defense Expenditures." The services statistics are collected by the Bureau of Economic Analysis.

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