Russia: Services value added

* indicates monthly or quarterly data series
 Russia

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
The latest value from 2023 is 1149.79 billion U.S. dollars, a decline from 1240.88 billion U.S. dollars in 2022. In comparison, the world average is 258.63 billion U.S. dollars, based on data from 152 countries. Historically, the average for Russia from 1989 to 2023 is 569.51 billion U.S. dollars. The minimum value, 97.74 billion U.S. dollars, was reached in 1999 while the maximum of 1286.57 billion U.S. dollars was recorded in 2013. 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
Russia - Services value added - Recent values chart

Historical series
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 Reference Measure
 Share of industry 30.65 2023 percent
 Share of manufacturing 12.45 2023 percent
 Share of services 56.88 2023 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 29.93 2023 percent
 Savings, in dollars 604.69 2023 billion U.S. dollars
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