Over the past five years U.S. exports of services (which is the largest segment of the U.S. economy) have increased a little over 12%, while imports of services have increased by nearly 21%. This is in part due to the growing trend of importing more financial services than exporting them. Financial services accounts for 8% of U.S. GDP and employs 9 million people. Should this trend of importing more than exporting services in this critical sector of the U.S. economy, non-U.S. financial services companies increasingly benefit.
