Philippines: Share of services

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

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

: For that indicator, The World Bank provides data for the Philippines from 1960 to 2017. The average value for the Philippines during that period was 45.31 percent with a minumum of 34.45 percent in 1974 and a maximum of 59.89 percent in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The importance of services in the economy of the Philippines 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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