Services sector's share of GDP in Ecuador

The share of value added by the services industry to gross domestic product in Ecuador increased by 0.9 percentage points (+1.53 percent) in 2023. In total, the share amounted to 59.72 percent in 2023.
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

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

Share of value added by the services industry to gross domestic product (GDP) in Ecuador from 2007 to 2023

Characteristic	Share of GDP
2023	59.72%
2022	58.8%
2021	58.47%
2020	61.32%
2019	59.44%
2018	58.75%
2017	58.06%
2016	58.57%
2015	57.61%
2014	52.83%
2013	52.02%
2012	51.74%
2011	51.5%
2010	53.56%
2009	54.71%
2008	50.19%
2007	51.91%

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Release date

October 2024

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Region

Ecuador

Survey time period

2007 to 2023

Supplementary notes

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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