Canada: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 69.56
 Year 2020
 Measure percent
 Data availability 1997 - 2020
 Average 64.61
 Min - Max 61.30 - 69.56
 Source The World Bank
For that indicator, we provide data for Canada from 1997 to 2020. The average value for Canada during that period was 64.61 percent with a minimum of 61.3 percent in 2000 and a maximum of 69.56 percent in 2020. The latest value from 2020 is 69.56 percent. For comparison, the world average in 2020 based on 186 countries is 57.18 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
Canada - Share of services - Recent values chart

Historical chart
Canada - Share of services - historical chart - 1997-2020

The importance of services in the economy of Canada 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 22.45 2020 percent
 Share of manufacturing 9.02 2020 percent
 Share of services 69.56 2020 percent
 Industry value added 419.84 2019 billion U.S. dollars
 Manufacturing value added 162.16 2019 billion U.S. dollars
 Services value added 1,180.00 2019 billion U.S. dollars
 Savings, percent of GDP 24.08 2022 percent
 Savings, in dollars 504.31 2022 billion U.S. dollars
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