Services sector share of GDP Colombia 2007-2023

The share of value added by the services industry to gross domestic product in Colombia increased by two percentage points (+3.64 percent) in 2023. In total, the share amounted to 56.86 percent in 2023. This increase was preceded by a declining share.
Value added of a sector is the contribution of a sector to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.

Find more statistics on other topics about Colombia with key insights such as personal remittances received, value added by the services industry to the gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product.

Share of value added by the services industry to gross domestic product (GDP) in Colombia from 2007 to 2023

Characteristic	Share of GDP
2023	56.86%
2022	54.87%
2021	58.19%
2020	60.12%
2019	58.14%
2018	57.65%
2017	57.61%
2016	56.9%
2015	56.22%
2014	54.63%
2013	53.35%
2012	51.99%
2011	51.44%
2010	53.4%
2009	53.48%
2008	52.01%
2007	52.95%

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Release date

October 2024

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Region

Colombia

Survey time period

2007 to 2023

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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