Business statistics framework for global value chains : 2024 edition

This paper examines the complexities of global value chains, which involve multiple enterprises and geographic locations in the production and distribution of goods and services. The paper highlights the need for comprehensive statistics, in particular in the domain of business statistics, to capture the intricate relationships between trade, investment, and production within GVCs. It discusses the challenges national statistical offices face in tracking these globally dispersed activities and underscores the importance of understanding GVCs for effective policymaking, especially in light of crises like the COVID-19 pandemic and geopolitical conflicts. The paper proposes a new framework for measuring GVCs from a business statistics perspective, offering indicators to describe the distribution of labour and the economic positioning of enterprises in different countries.