<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Chart 3: In high-income countries, trade in services is growing faster than goods</label>
    <description><![CDATA[Share of GDP, annual data, index: 1980 = 100

Note: High-income countries are defined by the World Bank as economies with a gross national income per capita of more than US$14,005. For more detail, see the World Bank Country and Lending Groups list.

Sources: World Bank and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=240647</link>
</groupDetail>
<seriesDetail>
<series id="SPEECH_MACK20240910_C3_S1">
<label>Goods</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
<series id="SPEECH_MACK20240910_C3_S2">
<label>Services</label>
<description></description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="1980-12-31"><v s="SPEECH_MACK20240910_C3_S1">100.00</v><v s="SPEECH_MACK20240910_C3_S2">100.00</v></o>
<o d="1981-12-31"><v s="SPEECH_MACK20240910_C3_S1">97.19</v><v s="SPEECH_MACK20240910_C3_S2">102.75</v></o>
<o d="1982-12-31"><v s="SPEECH_MACK20240910_C3_S2">101.42</v><v s="SPEECH_MACK20240910_C3_S1">91.59</v></o>
<o d="1983-12-31"><v s="SPEECH_MACK20240910_C3_S2">96.77</v><v s="SPEECH_MACK20240910_C3_S1">86.38</v></o>
<o d="1984-12-31"><v s="SPEECH_MACK20240910_C3_S1">89.24</v><v s="SPEECH_MACK20240910_C3_S2">94.86</v></o>
<o d="1985-12-31"><v s="SPEECH_MACK20240910_C3_S1">86.40</v><v s="SPEECH_MACK20240910_C3_S2">92.60</v></o>
<o d="1986-12-31"><v s="SPEECH_MACK20240910_C3_S2">93.31</v><v s="SPEECH_MACK20240910_C3_S1">80.16</v></o>
<o d="1987-12-31"><v s="SPEECH_MACK20240910_C3_S2">95.68</v><v s="SPEECH_MACK20240910_C3_S1">82.14</v></o>
<o d="1988-12-31"><v s="SPEECH_MACK20240910_C3_S2">95.41</v><v s="SPEECH_MACK20240910_C3_S1">83.73</v></o>
<o d="1989-12-31"><v s="SPEECH_MACK20240910_C3_S2">97.60</v><v s="SPEECH_MACK20240910_C3_S1">86.51</v></o>
<o d="1990-12-31"><v s="SPEECH_MACK20240910_C3_S2">103.59</v><v s="SPEECH_MACK20240910_C3_S1">88.13</v></o>
<o d="1991-12-31"><v s="SPEECH_MACK20240910_C3_S2">104.82</v><v s="SPEECH_MACK20240910_C3_S1">85.40</v></o>
<o d="1992-12-31"><v s="SPEECH_MACK20240910_C3_S1">84.11</v><v s="SPEECH_MACK20240910_C3_S2">108.28</v></o>
<o d="1993-12-31"><v s="SPEECH_MACK20240910_C3_S1">82.19</v><v s="SPEECH_MACK20240910_C3_S2">109.12</v></o>
<o d="1994-12-31"><v s="SPEECH_MACK20240910_C3_S2">108.36</v><v s="SPEECH_MACK20240910_C3_S1">87.48</v></o>
<o d="1995-12-31"><v s="SPEECH_MACK20240910_C3_S2">112.15</v><v s="SPEECH_MACK20240910_C3_S1">93.79</v></o>
<o d="1996-12-31"><v s="SPEECH_MACK20240910_C3_S1">97.01</v><v s="SPEECH_MACK20240910_C3_S2">102.24</v></o>
<o d="1997-12-31"><v s="SPEECH_MACK20240910_C3_S1">101.11</v><v s="SPEECH_MACK20240910_C3_S2">106.11</v></o>
<o d="1998-12-31"><v s="SPEECH_MACK20240910_C3_S1">100.63</v><v s="SPEECH_MACK20240910_C3_S2">111.75</v></o>
<o d="1999-12-31"><v s="SPEECH_MACK20240910_C3_S1">102.49</v><v s="SPEECH_MACK20240910_C3_S2">116.25</v></o>
<o d="2000-12-31"><v s="SPEECH_MACK20240910_C3_S2">121.17</v><v s="SPEECH_MACK20240910_C3_S1">111.85</v></o>
<o d="2001-12-31"><v s="SPEECH_MACK20240910_C3_S2">122.29</v><v s="SPEECH_MACK20240910_C3_S1">107.95</v></o>
<o d="2002-12-31"><v s="SPEECH_MACK20240910_C3_S2">126.97</v><v s="SPEECH_MACK20240910_C3_S1">107.25</v></o>
<o d="2003-12-31"><v s="SPEECH_MACK20240910_C3_S2">128.88</v><v s="SPEECH_MACK20240910_C3_S1">110.96</v></o>
<o d="2004-12-31"><v s="SPEECH_MACK20240910_C3_S2">138.45</v><v s="SPEECH_MACK20240910_C3_S1">119.14</v></o>
<o d="2005-12-31"><v s="SPEECH_MACK20240910_C3_S2">148.15</v><v s="SPEECH_MACK20240910_C3_S1">125.85</v></o>
<o d="2006-12-31"><v s="SPEECH_MACK20240910_C3_S1">134.80</v><v s="SPEECH_MACK20240910_C3_S2">156.00</v></o>
<o d="2007-12-31"><v s="SPEECH_MACK20240910_C3_S1">139.78</v><v s="SPEECH_MACK20240910_C3_S2">166.69</v></o>
<o d="2008-12-31"><v s="SPEECH_MACK20240910_C3_S2">174.37</v><v s="SPEECH_MACK20240910_C3_S1">147.90</v></o>
<o d="2009-12-31"><v s="SPEECH_MACK20240910_C3_S1">121.79</v><v s="SPEECH_MACK20240910_C3_S2">167.35</v></o>
<o d="2010-12-31"><v s="SPEECH_MACK20240910_C3_S2">170.53</v><v s="SPEECH_MACK20240910_C3_S1">136.53</v></o>
<o d="2011-12-31"><v s="SPEECH_MACK20240910_C3_S2">174.85</v><v s="SPEECH_MACK20240910_C3_S1">148.33</v></o>
<o d="2012-12-31"><v s="SPEECH_MACK20240910_C3_S2">178.64</v><v s="SPEECH_MACK20240910_C3_S1">147.49</v></o>
<o d="2013-12-31"><v s="SPEECH_MACK20240910_C3_S2">186.22</v><v s="SPEECH_MACK20240910_C3_S1">147.80</v></o>
<o d="2014-12-31"><v s="SPEECH_MACK20240910_C3_S2">195.79</v><v s="SPEECH_MACK20240910_C3_S1">145.67</v></o>
<o d="2015-12-31"><v s="SPEECH_MACK20240910_C3_S1">136.11</v><v s="SPEECH_MACK20240910_C3_S2">199.71</v></o>
<o d="2016-12-31"><v s="SPEECH_MACK20240910_C3_S1">130.88</v><v s="SPEECH_MACK20240910_C3_S2">198.93</v></o>
<o d="2017-12-31"><v s="SPEECH_MACK20240910_C3_S1">136.55</v><v s="SPEECH_MACK20240910_C3_S2">205.44</v></o>
<o d="2018-12-31"><v s="SPEECH_MACK20240910_C3_S2">210.73</v><v s="SPEECH_MACK20240910_C3_S1">140.74</v></o>
<o d="2019-12-31"><v s="SPEECH_MACK20240910_C3_S1">135.38</v><v s="SPEECH_MACK20240910_C3_S2">214.98</v></o>
<o d="2020-12-31"><v s="SPEECH_MACK20240910_C3_S1">128.19</v><v s="SPEECH_MACK20240910_C3_S2">188.72</v></o>
<o d="2021-12-31"><v s="SPEECH_MACK20240910_C3_S2">197.03</v><v s="SPEECH_MACK20240910_C3_S1">142.52</v></o>
<o d="2022-12-31"><v s="SPEECH_MACK20240910_C3_S2">215.62</v><v s="SPEECH_MACK20240910_C3_S1">155.81</v></o>
<o d="2023-12-31"><v s="SPEECH_MACK20240910_C3_S1">140.78</v><v s="SPEECH_MACK20240910_C3_S2">221.33</v></o>
</observations>
</data>