Services sector value added to GDP in Colombia

The value added by the services industry to the gross domestic product in Colombia increased by 3.4 billion U.S. dollars (+1.59 percent) compared to the previous year. While the growth is slowing down, with 217.11 billion U.S. dollars, the value added is at its peak in the observed period.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

Find more statistics on other topics about Colombia with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, national gross income per capita, and value added to gross domestic product by the manufacturing sector.

Value added by the services industry to the gross domestic product (GDP) in Colombia from 2012 to 2023 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2023	217.11
2022	213.76
2021	199.27
2020	178.38
2019	187.57
2018	179.61
2017	173.26
2016	168.91
2015	164.99
2014	159.25
2013	150.99
2012	143.32

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Release date

October 2024

More information

Region

Colombia

Survey time period

2012 to 2023

Special properties

Values in constant U.S. dollars based on 2015 prices

Supplementary notes

Data represents the 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 source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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