Value Added In The Services Sector

Europe Ranking

percent of GDPSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Luxembourg	79.72	2020	1	78.85
2	Monaco	76.72	2020	2	78.44
3	Malta	76.14	2020	3	75.71
4	Cyprus	74.2	2020	4	72.99
5 ↑	United Kingdom	72.82	2020	6	70.86
6 ↓	Switzerland	71.32	2020	5	71.69
7	France	71.16	2020	7	70.04
8	Netherlands	69.85	2020	8	69.97
9 ↑	Belgium	69.58	2020	10	69.43
10 ↓	Greece	68.56	2020	9	69.53
11	Spain	67.76	2020	11	67.94
12	Italy	66.69	2020	12	66.25
13	Iceland	66.23	2020	13	66.04
14	Portugal	65.65	2020	14	65.63
15	Sweden	65.09	2017	15	65.47
16	Denmark	64.55	2020	16	64.69
17	Latvia	63.54	2020	17	64.22
18 ↑	Germany	63.31	2020	19	62.35
19 ↓	Austria	63.15	2020	18	63.21
20 ↑	Estonia	62.69	2020	22	61.35
21 ↓	Lithuania	61.61	2020	20	61.49
22 ↓	Bulgaria	61.25	2020	21	61.42
23 ↑	Romania	60.9	2020	26	59.33
24 ↑	Slovakia	60.39	2020	28	58.06
25 ↑	Norway	60.32	2020	29	58
26 ↓	Finland	60.01	2020	24	60.19
27 ↓	Croatia	59.35	2020	25	59.51
28 ↓	Georgia	59.09	2020	23	60.77
29 ↑	Czech Republic	58.32	2020	31	56.97
30 ↓	Montenegro	58	2020	27	58.72
31 ↓	Poland	57.84	2020	30	57.62
32 ↑	Macedonia	56.99	2020	37	54.99
33 ↓	Slovenia	56.93	2020	32	56.55
34 ↓	Hungary	56.64	2020	33	56.51
35	Bosnia and Herzegovina	55.79	2020	35	55.73
36 ↑	Liechtenstein	55	2018	41	51.57
37 ↓	Ireland	54.79	2020	34	56.02
38	Moldova	54.49	2020	38	54.32
39	Armenia	53.16	2020	39	53.97
40 ↑	Serbia	51.86	2020	42	51.01
41 ↓	Faroe Islands	51.81	2019	40	53.78
42 ↓	Ukraine	51.17	2015	36	55.49
43	Belarus	49.07	2020	43	48.43
44	Albania	48.36	2020	44	48.42
45	Angola	39.62	2020	45	38.85

Definition of Value Added In The Services Sector

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.