Belgium: Share of services

* indicates monthly or quarterly data series
 Belgium

Value added in the services sector as percent of GDP

 Latest value 69.02
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 66.64
 Min - Max 62.07 - 69.71
 Source The World Bank
For that indicator, we provide data for Belgium from 1995 to 2022. The average value for Belgium during that period was 66.64 percent with a minimum of 62.07 percent in 1997 and a maximum of 69.71 percent in 2020. The latest value from 2022 is 69.02 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
Belgium - Share of services - Recent values chart

Historical chart
Belgium - Share of services - historical chart - 1995-2022




The importance of services in the economy of Belgium 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 20.05 2022 percent
 Share of manufacturing 12.65 2022 percent
 Share of services 69.02 2022 percent
 Industry value added 116.59 2023 billion U.S. dollars
 Manufacturing value added 75.08 2023 billion U.S. dollars
 Services value added 447.02 2023 billion U.S. dollars
 Savings, percent of GDP 26.13 2022 percent
 Savings, in dollars 159.36 2023 billion U.S. dollars
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