Topics

Service Industries

Service sectors include financial services including commercial and investment banking services other than insurance, and ‘other business services’ including legal, accounting, management consulting and public relations. Services also include transport, covering sea, air and other transport, and travel together with education and health. Service industries account for around eighty percent of total GDP by value added.

In the UK services are the sector that account for the largest part of the economy – in 2017, they accounted for 79% of GDP, the production sector for 14%, construction for 6% and agriculture for 1%.

According to the World Bank, globally, services account for 50% of employment, agriculture 30%, and industry 20%

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

Back to top