San Marino: Share of services

* indicates monthly or quarterly data series
 San Marino

Value added in the services sector as percent of GDP

 Latest value 55.08
 Year 2022
 Measure percent
 Data availability 2015 - 2022
 Average 57.82
 Min - Max 55.08 - 59.91
 Source The World Bank
The latest value from 2022 is 55.08 percent, a decline from 56.51 percent in 2021. In comparison, the world average is 54.68 percent, based on data from 182 countries. Historically, the average for San Marino from 2015 to 2022 is 57.82 percent. The minimum value, 55.08 percent, was reached in 2022 while the maximum of 59.91 percent was recorded in 2017. 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
San Marino - Share of services - Recent values chart




The importance of services in the economy of San Marino 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 37.60 2022 percent
 Share of manufacturing 33.63 2022 percent
 Share of services 55.08 2022 percent
 Industry value added 0.69 2022 billion U.S. dollars
 Manufacturing value added 0.62 2022 billion U.S. dollars
 Services value added 1.01 2022 billion U.S. dollars
 Savings, percent of GDP 37.31 2021 percent
 Savings, in dollars 0.71 2022 billion U.S. dollars
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