New Caledonia: Share of services

* indicates monthly or quarterly data series
 New Caledonia

Value added in the services sector as percent of GDP

 Latest value 65.19
 Year 2019
 Measure percent
 Data availability 1998 - 2019
 Average 66.83
 Min - Max 59.74 - 70.91
 Source The World Bank
For that indicator, we provide data for New Caledonia from 1998 to 2019. The average value for New Caledonia during that period was 66.83 percent with a minimum of 59.74 percent in 2007 and a maximum of 70.91 percent in 1998. The latest value from 2019 is 65.19 percent. For comparison, the world average in 2019 based on 188 countries is 56.74 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
New Caledonia - Share of services - Recent values chart

Historical chart
New Caledonia - Share of services - historical chart - 1998-2019

The importance of services in the economy of New Caledonia 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 22.33 2019 percent
 Share of manufacturing 5.60 2017 percent
 Share of services 65.19 2019 percent
 Industry value added 2.12 2019 billion U.S. dollars
 Manufacturing value added 0.51 2017 billion U.S. dollars
 Services value added 6.18 2019 billion U.S. dollars
 Savings, percent of GDP 19.33 2016 percent
 Savings, in dollars 1.69 2016 billion U.S. dollars
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