Liechtenstein: Share of services
* indicates monthly or quarterly data series
Liechtenstein |
Value added in the services sector as percent of GDP |
---|---|
Latest value | 55.41 |
Year | 2021 |
Measure | percent |
Data availability | 2016 - 2021 |
Average | 54.02 |
Min - Max | 51.58 - 56.14 |
Source | The World Bank |
The latest value from 2021 is 55.41 percent, a decline from 56.14 percent in 2020. In comparison, the world average is 55.51 percent, based on data from 184 countries. Historically, the average for Liechtenstein from 2016 to 2021 is 54.02 percent. The minimum value, 51.58 percent, was reached in 2017 while the maximum of 56.14 percent was recorded in 2020.
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Recent data
The importance of services in the economy of Liechtenstein 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 | Reference | Measure |
---|---|---|---|
Share of industry | 40.20 | 2021 | percent |
Share of manufacturing | 35.24 | 2021 | percent |
Share of services | 55.41 | 2021 | percent |
Industry value added | 3.10 | 2021 | billion U.S. dollars |
Manufacturing value added | 2.72 | 2021 | billion U.S. dollars |
Services value added | 4.27 | 2021 | billion U.S. dollars |