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Table of Content

INTRODUCTION TO SERVICE SECTOR..............................................................1

SHARE OF SERVICES - COUNTRY DATA FROM AROUND THE WORLD...............2

DIFFERENT TYE OF SERVICE SECTORS IN THE WORLD..................................!

INTRODUCTION TO SERVICE SECTOR

The Service Sector is largest and fastest growing sector in the world economy, accounting largest share in total

output and employment in most developed countries. The share of services sector in total GDP is 47 percent in

low income countries, 5 percent in middle income countries and 7 percent in high income countries. The

sector accounts for a significant and rising share in cross!"order trade and foreign direct investment and gives

more e#port opportunities for services suppliers and lower costs for imported services.

WORLD BANK DEFINITION Services correspond to $S$% divisions 5&!'' 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. *lso included are

imputed "an+ service charges, import duties, and any statistical discrepancies noted "y national compilers as

well as discrepancies arising from rescaling. alue added is the net output of a sector after adding up all outputs

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and su"tracting intermediate inputs. $t is calculated without ma+ing deductions for depreciation of fa"ricated

assets or depletion and degradation of natural resources. The industrial origin of value added is determined "y

the $nternational Standard $ndustrial %lassification ($S$%), revision .

SHARE OF SERVICES - COUNTRY DATA FROM AROUND THE WORLD

The average for -& was /&.&0 percent. The highest value was in 1ong 2ong3 '-.74 percent and the lowest

value was in Singapore3 74./0 percent. The *"ove graph show the data for top -& countries. Data are availa"lefor3 Share of Service Sector in GDP.

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DIFFERENT TYPE OF SERVICE SECTORS IN THE WORLD

The different types of Service sectors in the world are as "elow3

Some agricultural services (including landscaping and horticulture)

1otels and other places of lodging

Personal services (including dry cleaning, ta# preparation, and hair cutting)

usiness services (including temporary agencies and "usiness software developers)

*utomotive services

iscellaneous repairs

otion pictures

*musements and recreation

1ealthcare

6egal services

Private education

Social services

useums, oos, and "otanical gardens

em"ership organiations (including houses of worship and clu"s)

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8ngineering and management services (including consulting)

"