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 111th of 204 countries on this measure, in the middle of the range.
Services, value added in San Marino, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2015 | 59.3% | — |
| 2016 | 59.4% | +0.3% |
| 2017 | 59.9% | +0.8% |
| 2018 | 56.3% | -6.0% |
| 2019 | 58.1% | +3.1% |
| 2020 | 57.9% | -0.3% |
| 2021 | 56.5% | -2.4% |
| 2022 | 55.1% | -2.5% |
| 2023 | 56.9% | +3.3% |
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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.38 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.3 Percent per annum (2029)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0677 current LCU per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), annual growth rate 7.97 % change on previous year (2023)
- US dollar per domestic currency (End-of-period (EoP)) 1.18 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.8572 units per US$ of GDP (2023)
- Taxes less subsidies on products (current LCU), per capita 4,055 current LCU per person (2023)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2023)
- Manufacturing value added to gdp, per capita 0.0009 units per person (2023)
- Gdp worldbank constant usd, per capita 51,324 units per person (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 111th out of 204 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.