Services Sector Contribution to GDP in Germany (1991-2022)

Services Sector Contribution to GDP in Germany (1991-2022)

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TGM StatBox. (2024). Services Sector Contribution to GDP in Germany (1991-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Germany
Published date: 2024
Note: Services (% of GDP), according to World Development Indicators, measures the contribution of the services sector (such as retail, finance, healthcare, and tourism) to a country's GDP.
Key Takeaways
In Germany, the services sector's contribution to GDP grew significantly from 56.4% in 1991 to 64.2% in 2009, marking a robust expansion of the sector amid evolving economic dynamics. The early 1990s saw steady growth, reflecting Germany's reunification and the structural transition from manufacturing to services as a key economic driver. By 2002, services accounted for over 63% of GDP, bolstered by advancements in information technology and rising demand in finance, healthcare, and business services. The 2008 global financial crisis led to an uptick in the sector’s GDP share, as manufacturing was more affected by economic disruptions. After reaching 64.2% in 2009, the services sector’s growth stabilized, maintaining a consistent contribution around 62-63% until 2022, with a minor increase to 63.2% during the COVID-19 pandemic in 2020.

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