Norway: Share of services

* indicates monthly or quarterly data series
 Norway

Value added in the services sector as percent of GDP

 Latest value 50.01
 Year 2023
 Measure percent
 Data availability 1970 - 2023
 Average 53.50
 Min - Max 41.74 - 59.60
 Source The World Bank
The latest value from 2023 is 50.01 percent, an increase from 41.74 percent in 2022. In comparison, the world average is 55.55 percent, based on data from 168 countries. Historically, the average for Norway from 1970 to 2023 is 53.5 percent. The minimum value, 41.74 percent, was reached in 2022 while the maximum of 59.6 percent was recorded in 2020. 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 data
Norway - Share of services - Recent values chart

Historical series
Norway - Share of services - historical chart - 1970-2023




The importance of services in the economy of Norway 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 38.98 2023 percent
 Share of manufacturing 6.06 2023 percent
 Share of services 50.01 2023 percent
 Industry value added 189.16 2023 billion U.S. dollars
 Manufacturing value added 29.41 2023 billion U.S. dollars
 Services value added 242.69 2023 billion U.S. dollars
 Savings, percent of GDP 43.24 2023 percent
 Savings, in dollars 212.50 2023 billion U.S. dollars
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