Bolivia: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 49.60
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 46.38
 Min - Max 40.02 - 54.22
 Source The World Bank
For that indicator, we provide data for Bolivia from 1970 to 2022. The average value for Bolivia during that period was 46.38 percent with a minimum of 40.02 percent in 1974 and a maximum of 54.22 percent in 1999. The latest value from 2022 is 49.6 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
Bolivia - Share of services - Recent values chart

Historical chart
Bolivia - Share of services - historical chart - 1970-2022

The importance of services in the economy of Bolivia 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 26.20 2022 percent
 Share of manufacturing 10.29 2022 percent
 Share of services 49.60 2022 percent
 Industry value added 11.53 2022 billion U.S. dollars
 Manufacturing value added 4.53 2022 billion U.S. dollars
 Services value added 21.83 2022 billion U.S. dollars
 Savings, percent of GDP 13.92 2022 percent
 Savings, in dollars 6.12 2022 billion U.S. dollars
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