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 56.51
 Year 2021
 Measure percent
 Data availability 2015 - 2021
 Average 58.21
 Min - Max 56.34 - 59.91
 Source The World Bank
For that indicator, we provide data for San Marino from 2015 to 2021. The average value for San Marino during that period was 58.21 percent with a minimum of 56.34 percent in 2018 and a maximum of 59.91 percent in 2017. The latest value from 2021 is 56.51 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
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.


 Related indicators Latest value Reference Measure
 Share of industry 36.64 2021 percent
 Share of manufacturing 32.77 2021 percent
 Share of services 56.51 2021 percent
 Industry value added 0.68 2021 billion U.S. dollars
 Manufacturing value added 0.61 2021 billion U.S. dollars
 Services value added 1.05 2021 billion U.S. dollars
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