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EU ITS in 2002 EU-15 external surplus of EUR 24.3 bn
According to figures published by the International Monetary Fund1 total world international trade in services transactions (ITS) in 2002 amounted to EUR 2 619.0 bn2. This was a -0.6% decrease compared to 2001 (EUR 2 634.6 bn) and means a change in the uninterrupted growth observed in recent years. Nevertheless, the global slowdown observed in 2002 affected other components of the current account even more severely, such as goods (-2.3%) or income (-13.5%).