Monaco: Share of services

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Monaco: Value added in the services sector as percent of GDP

: For that indicator, we provide data for Monaco from 2010 to 2018. The average value for Monaco during that period was 85.89 percent with a minimum of 81.75 percent in 2016 and a maximum of 87.37 percent in 2014. The latest value from 2018 is 86.92 percent. For comparison, the world average in 2018 based on 178 countries is 55.53 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
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The importance of services in the economy of Monaco 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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