Albania: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 47.35
 Year 2022
 Measure percent
 Data availability 1996 - 2022
 Average 45.05
 Min - Max 39.77 - 48.41
 Source The World Bank
For that indicator, we provide data for Albania from 1996 to 2022. The average value for Albania during that period was 45.05 percent with a minimum of 39.77 percent in 1996 and a maximum of 48.41 percent in 2019. The latest value from 2022 is 47.35 percent. For comparison, the world average in 2022 based on 165 countries is 54.13 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Albania - Share of services - Recent values chart

Historical chart
Albania - Share of services - historical chart - 1996-2022

The importance of services in the economy of Albania 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.
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 or 4.

 Related indicators Latest value Reference Measure
 Share of industry 21.39 2022 percent
 Share of manufacturing 6.54 2022 percent
 Share of services 47.35 2022 percent
 Industry value added 4.05 2022 billion U.S. dollars
 Manufacturing value added 1.24 2022 billion U.S. dollars
 Services value added 8.96 2022 billion U.S. dollars
 Savings, percent of GDP 18.42 2022 percent
 Savings, in dollars 3.48 2022 billion U.S. dollars
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