Belarus: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 48.28
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 41.93
 Min - Max 22.22 - 49.01
 Source The World Bank
For that indicator, we provide data for Belarus from 1990 to 2022. The average value for Belarus during that period was 41.93 percent with a minimum of 22.22 percent in 1991 and a maximum of 49.01 percent in 2020. The latest value from 2022 is 48.28 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
Belarus - Share of services - Recent values chart

Historical chart
Belarus - Share of services - historical chart - 1990-2022

The importance of services in the economy of Belarus 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.

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 Related indicators Latest value Reference Measure
 Share of industry 33.19 2022 percent
 Share of manufacturing 24.02 2022 percent
 Share of services 48.28 2022 percent
 Industry value added 23.38 2023 billion U.S. dollars
 Manufacturing value added 16.53 2023 billion U.S. dollars
 Services value added 34.36 2023 billion U.S. dollars
 Savings, percent of GDP 26.32 2022 percent
 Savings, in dollars 18.05 2023 billion U.S. dollars
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