Guinea-Bissau: Share of services

* indicates monthly or quarterly data series
 Guinea-Bissau

Value added in the services sector as percent of GDP

 Latest value 50.19
 Year 2020
 Measure percent
 Data availability 1970 - 2020
 Average 35.94
 Min - Max 19.29 - 51.24
 Source The World Bank
For that indicator, we provide data for Guinea-Bissau from 1970 to 2020. The average value for Guinea-Bissau during that period was 35.94 percent with a minimum of 19.29 percent in 1990 and a maximum of 51.24 percent in 2019. The latest value from 2020 is 50.19 percent. For comparison, the world average in 2020 based on 184 countries is 57.09 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
Guinea-Bissau - Share of services - recent values

Historical chart
Guinea-Bissau - Share of services - historical chart - 1970-2020




The importance of services in the economy of Guinea-Bissau 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 13.48 2020 percent
 Share of manufacturing 9.11 2018 percent
 Share of services 50.19 2020 percent
 Industry value added 0.19 2020 billion U.S. dollars
 Manufacturing value added 0.14 2018 billion U.S. dollars
 Services value added 0.72 2020 billion U.S. dollars
 Savings, percent of GDP 13.57 2020 percent
 Savings, in dollars 0.19 2020 billion U.S. dollars
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