Palestine: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 60.08
 Year 2021
 Measure percent
 Data availability 1994 - 2021
 Average 57.72
 Min - Max 49.63 - 63.49
 Source The World Bank
For that indicator, we provide data for Palestine from 1994 to 2021. The average value for Palestine during that period was 57.72 percent with a minimum of 49.63 percent in 1996 and a maximum of 63.49 percent in 2002. The latest value from 2021 is 60.08 percent. For comparison, the world average in 2021 based on 181 countries is 55.37 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
Palestine - Share of services - Recent values chart

Historical chart
Palestine - Share of services - historical chart - 1994-2021

The importance of services in the economy of Palestine 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 17.69 2021 percent
 Share of manufacturing 11.19 2021 percent
 Share of services 60.08 2021 percent
 Industry value added 3.20 2021 billion U.S. dollars
 Manufacturing value added 2.03 2021 billion U.S. dollars
 Services value added 10.88 2021 billion U.S. dollars
 Savings, percent of GDP 10.95 2022 percent
 Savings, in dollars 2.09 2022 billion U.S. dollars
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