Saudi Arabia: Share of services

* indicates monthly or quarterly data series
 Saudi Arabia

Value added in the services sector as percent of GDP

 Latest value 39.77
 Year 2022
 Measure percent
 Data availability 1970 - 2022
 Average 40.66
 Min - Max 15.80 - 56.93
 Source The World Bank
For that indicator, we provide data for Saudi Arabia from 1970 to 2022. The average value for Saudi Arabia during that period was 40.66 percent with a minimum of 15.8 percent in 1974 and a maximum of 56.93 percent in 1986. The latest value from 2022 is 39.77 percent. For comparison, the world average in 2022 based on 165 countries is 54.13 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
Saudi Arabia - Share of services - Recent values chart

Historical chart
Saudi Arabia - Share of services - historical chart - 1970-2022

The importance of services in the economy of Saudi Arabia 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 53.23 2022 percent
 Share of manufacturing 14.44 2022 percent
 Share of services 39.77 2022 percent
 Industry value added 590.13 2022 billion U.S. dollars
 Manufacturing value added 160.03 2022 billion U.S. dollars
 Services value added 440.83 2022 billion U.S. dollars
 Savings, percent of GDP 40.29 2022 percent
 Savings, in dollars 446.66 2022 billion U.S. dollars
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