Spain: Services value added

* indicates monthly or quarterly data series
 Spain

Services value added, billion USD

 Latest value 1,083.24
 Year 2023
 Measure billion U.S. dollars
 Data availability 1995 - 2023
 Average 746.21
 Min - Max 351.62 - 1,083.24
 Source The World Bank
The latest value from 2023 is 1083.24 billion U.S. dollars, an increase from 962.67 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 Spain from 1995 to 2023 is 746.21 billion U.S. dollars. The minimum value, 351.62 billion U.S. dollars, was reached in 1997 while the maximum of 1083.24 billion U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Spain - Services value added - Recent values chart

Historical series
Spain - Services value added - historical chart - 1995-2023




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 20.24 2023 percent
 Share of manufacturing 11.49 2023 percent
 Share of services 68.53 2023 percent
 Industry value added 319.95 2023 billion U.S. dollars
 Manufacturing value added 181.59 2023 billion U.S. dollars
 Services value added 1,083.24 2023 billion U.S. dollars
 Savings, percent of GDP 22.86 2023 percent
 Savings, in dollars 361.25 2023 billion U.S. dollars
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