Services, etc., value added (% of GDP) - Country Ranking - Europe

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Andorra 88.64 2015
2 Luxembourg 86.82 2016
3 Cyprus 86.51 2016
4 Malta 84.04 2016
5 Greece 79.70 2016
6 United Kingdom 79.23 2016
7 France 78.81 2016
8 Netherlands 78.18 2016
9 Belgium 77.16 2016
10 Portugal 75.60 2016
11 Denmark 75.59 2016
12 Latvia 74.73 2016
13 Sweden 74.16 2016
14 Italy 74.00 2016
15 Spain 73.76 2016
16 Switzerland 73.53 2016
17 Montenegro 71.83 2016
18 Moldova 71.39 2016
19 Iceland 71.06 2015
20 Austria 71.02 2016
21 Estonia 70.51 2016
22 Finland 70.20 2016
23 Croatia 69.76 2016
24 Germany 68.89 2016
25 Lithuania 68.02 2016
26 Bulgaria 66.99 2016
27 Norway 65.62 2016
28 Slovenia 65.52 2016
29 Hungary 65.10 2016
30 Bosnia and Herzegovina 64.20 2016
31 Poland 63.60 2016
32 Romania 63.28 2016
33 Slovak Republic 61.55 2016
34 Turkey 61.00 2016
35 Serbia 60.81 2016
36 Macedonia 60.40 2016
37 Czech Republic 59.94 2016
38 Ireland 59.69 2016
39 Ukraine 59.17 2016
40 Belarus 55.96 2016
41 Albania 53.37 2016

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Limitations and Exceptions: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.