Services

Canada’s economy reached $2.16 trillion in 2023, the ninth-largest in the world. Services account for 66.4% of value-added — a share comparable to Australia and Germany, driven by finance, real estate, retail, and professional services. Industry contributes 25.3%, notably higher than the US or UK, reflecting Canada’s substantial energy and natural resources sector. GDP by sector — which industries produce the value Source: World Bank WDI (NV.AGR/IND/SRV.TOTL.ZS), 2021. Value-added as % of GDP, current prices. ...

China’s economy reached ¥134.9 trillion (~$18.75T) in 2024, the second-largest in the world. Services now account for 56.7% of value-added — overtaking industry for the first time around 2013 and widening the gap since. Industry remains the second-largest sector at 36.5%, more than double the share seen in most developed economies, reflecting China’s continued role as the world’s dominant manufacturer. GDP by sector — which industries produce the value Source: World Bank WDI (NV.AGR/IND/SRV.TOTL.ZS), 2024. Value-added as % of GDP, current prices. ...

Japan’s economy reached $4.21 trillion in 2023, the fourth-largest in the world. Services account for 69.8% of value-added, driven by wholesale and retail trade, finance, real estate, and a large healthcare sector serving one of the world’s oldest populations. Industry contributes 28.6% — significantly higher than the US or UK, reflecting Japan’s deep manufacturing base in automotive, electronics, and industrial machinery. GDP by sector — which industries produce the value Source: World Bank WDI (NV.AGR/IND/SRV.TOTL.ZS), 2023. Value-added as % of GDP, current prices. ...