
Germany: Share of services
* indicates monthly or quarterly data series
Germany |
Value added in the services sector as percent of GDP |
---|---|
Latest value | 62.68 |
Reference | 2022 |
Measure | percent |
Source | The World Bank |
For that indicator, we provide data for Germany from 1991 to 2022. The average value for Germany during that period was 61.67 percent with a minimum of 56.37 percent in 1991 and a maximum of 64.23 percent in 2009.
The latest value from 2022 is 62.68 percent. For comparison, the world average in 2022 based on 145
countries is 53.77 percent.
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* indicates monthly or quarterly data series
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The importance of services in the economy of Germany 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.