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  • Service sector is broadly divided into construction, trade, hotels, transport & communication, finance, insurance, real estate, community and social & personal services.
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Sectoral Contribution to total Service Sector

 

  • Since 1951, trade, hotel, transportation & communication sector has always had the highest share in service sector.
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  • Over the years, share of finance, insurance, real estate & business service has been increasing from 24% in FY1951 to around 31% in FY2014.
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  • However, community social & personal services share has fallen from 29% in FY1951 to 19% in FY2014 while construction share in service sector has hovered around 11% to 15%.
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  • Service sector over the years has been the major contributor to overall GDP growth surpassing agriculture share.
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  • Over the years, share of service sector to total GDP has increased sharply from 35% in FY1951 to 67% in FY2014.
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Service Sector contributation to total GDP

 

  • Service sector has always recorded positive growth. Since FY1952 till FY2014, sector average growth rate is around 6%.
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Gross Capital Formation (GCF) in Service Sector
 

  • GCF in service sector as % to total GCF over the years has always been the highest ranging from 49% to 70%.
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  • Service sector GCF share to total GCF was 58% for FY2013.
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Gross Capital Formation (GCF) in Service Sector

 
”% to total GCF

 

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