Services, value added in San Marino
San Marino: Services, value added was 56.9% in 2023. ▼ Falling
Services, value added in San Marino, 2015–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
San Marino recorded 56.9% for services, value added in 2023.
Compared with earlier readings it is up 3.3% on the previous year and down 4.0% over ten years.
Over the whole period, services, value added in San Marino peaked at 59.9% in 2017 and was at its lowest, 55.1%, in 2022.
San Marino ranks 112th of 205 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 58.6% | 56.3% | 59.9% | 5 |
| 2020s | 56.6% | 55.1% | 57.9% | 4 |
Countries ranked near San Marino
More economy & growth data for San Marino
- Gross fixed capital formation 316.53 million current LCU (2023)
- Exports of goods and services 3.77 billion current US$ (2023)
- Exports of goods and services 3.49 billion current LCU (2023)
- Exports of goods and services 3.25 billion constant 2015 US$ (2023)
- Exports of goods and services -5.4% (2023)
- Services, value added 1.07 billion current LCU (2023)
- Exports of goods and services 186.0% (2023)
- Gross fixed capital formation 342.26 million current US$ (2023)
- Changes in inventories -6.08 million current US$ (2023)
- Gross fixed capital formation 16.9% (2023)
Frequently asked questions
- What is services, value added in San Marino?
- Services, value added in San Marino was 56.9% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in San Marino?
- The highest recorded value was 59.9% in 2017.
- What is the lowest services, value added recorded in San Marino?
- The lowest recorded value was 55.1% in 2022.
- How does San Marino rank for services, value added?
- San Marino ranks 112th out of 205 countries with data for 2023.
- Is services, value added rising or falling in San Marino?
- Over the last ten years it is down 4.0%. The long-run trend across the full record is falling.
- Where does this San Marino data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.