The volume of IT services exports is an indicator of the size and maturity of the IT outsourcing sector serving the global market. India is a clear leader with IT services exports of about $50 billion. The United States has a larger IT outsourcing sector, but most services are for clients within the US and thus it trails India. Other top exporters include Israel, China, Canada and several Eastern European nations.
Data is sourced from the International Monetary Fund (IMF) Balance of Payments statistics. Specifically, the Computer and Information Services Credit account which covers transactions related to hardware consultancy, software implementation, information services (data processing, database, news agency) and maintenance and repair of computers and related equipment.