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USA: Value added in the services sector as percent of GDP: For that indicator, The World Bank provides data for the USA from 1997 to 2014. The average value for the USA during that period was 77.05 percent with a minumum of 74.67 percent in 1997 and a maximum of 78.73 percent in 2009.
The importance of services in the economy of the USA and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate. Share of services rankings around the world. Create and download charts for USA Share of services and other indicators with the country comparator.
World Bank 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.