Russia: Services value added

* indicates monthly or quarterly data series

Services value added, billion USD

 Latest value 1,149.79
 Year 2023
 Measure billion U.S. dollars
 Data availability 1989 - 2023
 Average 569.51
 Min - Max 97.74 - 1,286.57
 Source The World Bank
For that indicator, we provide data for Russia from 1989 to 2023. The average value for Russia during that period was 569.51 billion U.S. dollars with a minimum of 97.74 billion U.S. dollars in 1999 and a maximum of 1286.57 billion U.S. dollars in 2013. The latest value from 2023 is 1149.79 billion U.S. dollars. For comparison, the world average in 2023 based on 152 countries is 258.63 billion U.S. dollars. 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
Russia - Services value added - Recent values chart

Historical chart
Russia - Services value added - historical chart - 1989-2023

Definition: Services correspond to ISIC divisions 50-99. 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. Data are in constant 2010 U.S. dollars.

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 Related indicators Latest value Reference Measure
 Share of industry 32.79 2022 percent
 Share of manufacturing 12.84 2022 percent
 Share of services 53.98 2022 percent
 Industry value added 619.52 2023 billion U.S. dollars
 Manufacturing value added 251.58 2023 billion U.S. dollars
 Services value added 1,149.79 2023 billion U.S. dollars
 Savings, percent of GDP 31.56 2022 percent
 Savings, in dollars 604.69 2023 billion U.S. dollars
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