Latin America & Caribbean vs Monaco: Services, value added
Services, value added over time
- Latin America & Caribbean
- Monaco
How they compare
Monaco currently reports 87.2% against 68.2% in Latin America & Caribbean, a difference of 19.0%.
That makes Monaco's figure about 1.3 times Latin America & Caribbean's.
Across all 15 years both countries report, Monaco has been ahead every year.
Latin America & Caribbean ranks 7th 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 | Monaco | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 67.3% | 86.0% | 18.7% | Monaco |
| 2020s | 67.8% | 87.2% | 19.4% | Monaco |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Latin America & Caribbean or Monaco?
- Monaco, at 87.2% against 68.2% in Latin America & Caribbean as of 2024.
- What is the difference in services, value added between Latin America & Caribbean and Monaco?
- 19.0%, with Monaco ahead.
- How many years of comparable data are there for Latin America & Caribbean and Monaco?
- 15 years are reported by both, from 2010 to 2024.
- How do Latin America & Caribbean and Monaco rank globally for services, value added?
- Latin America & Caribbean ranks 7th 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.
Individual pages
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.