The share of value added by the services industry to gross domestic product in Colombia increased by two percentage points (+3.64 percent) in 2023. In total, the share amounted to 56.86 percent in 2023. This increase was preceded by a declining share. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production.
Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. 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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World Bank. (June 28, 2024). Share of value added by the services industry to gross domestic product (GDP) in Colombia from 2007 to 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1072849/colombia-services-sector-share-gdp/
World Bank. "Share of value added by the services industry to gross domestic product (GDP) in Colombia from 2007 to 2023." Chart. June 28, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1072849/colombia-services-sector-share-gdp/
World Bank. (2024). Share of value added by the services industry to gross domestic product (GDP) in Colombia from 2007 to 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1072849/colombia-services-sector-share-gdp/
World Bank. "Share of Value Added by The Services Industry to Gross Domestic Product (Gdp) in Colombia from 2007 to 2023." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/1072849/colombia-services-sector-share-gdp/
World Bank, Share of value added by the services industry to gross domestic product (GDP) in Colombia from 2007 to 2023 Statista, https://www.statista.com/statistics/1072849/colombia-services-sector-share-gdp/ (last visited August 25, 2024)
Share of value added by the services industry to gross domestic product (GDP) in Colombia from 2007 to 2023 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/1072849/colombia-services-sector-share-gdp/