Latin America & Caribbean (excluding high income) vs Monaco: Services, value added
Services, value added over time
- Latin America & Caribbean (excluding high income)
- Monaco
How they compare
Monaco currently reports 87.2% against 69.2% in Latin America & Caribbean (excluding high income), a difference of 18.0%.
That makes Monaco's figure about 1.3 times Latin America & Caribbean (excluding high income)'s.
Across all 15 years both countries report, Monaco has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 4th and Monaco ranks 7th of 47 groups.
Monaco has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Monaco | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 68.4% | 86.0% | 17.6% | Monaco |
| 2020s | 68.8% | 87.2% | 18.4% | Monaco |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Latin America & Caribbean (excluding high income) or Monaco?
- Monaco, at 87.2% against 69.2% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in services, value added between Latin America & Caribbean (excluding high income) and Monaco?
- 18.0%, with Monaco ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Monaco?
- 15 years are reported by both, from 2010 to 2024.
- How do Latin America & Caribbean (excluding high income) and Monaco rank globally for services, value added?
- Latin America & Caribbean (excluding high income) ranks 4th and Monaco ranks 7th of 47 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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.