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The employment sector GDP impact is a critical measure of economic health. It reflects how much the employment sector contributes to a country’s Gross Domestic Product (GDP). This article explores the impact of the Service sector on GDP across various countries, highlighting significant differences and trends.
Employment Sector GDP Impact in Various Countries
The service sector GDP impact varies across countries. The Bahamas leads with a 79.4% impact. Malta follows with 78.81%. Luxembourg ranks third with 78.42%. These countries show the significant role of employment in their GDP.
Employment Sector GDP Impact in Europe
In Europe, several countries show a strong impact of service sector on GDP. Andorra stands out with 78.14%. Cyprus and Switzerland have 72.44% and 72.39%, respectively. The United Kingdom also shows a significant impact at 70.95%. These figures highlight the importance of the job market and GDP in these nations.
Employment Sector GDP Impact in Asia
Asian countries exhibit diverse employment sector GDP impacts. Singapore leads with 70.85%. South Korea follows at 58.24%. Bangladesh shows a notable impact of 51.04%. China and India have 52.78% and 48.58%, respectively. These statistics underscore the varying influence of the job market and GDP across Asia.
Employment Sector GDP Impact in Other Regions
Other regions also display varied employment sector GDP impacts. In Africa, South Africa has a 62.61% impact. Kenya shows 55.06%. In the Americas, Costa Rica leads with 67.02%. Brazil has 58.91%. These numbers reflect the diverse economic landscapes and the role of employment in GDP.
Ranking of Countries by Job Markets Impact on GDP
- 🇧🇸 Bahamas – 79.4%
- 🇲🇹 Malta – 78.81%
- 🇱🇺 Luxembourg – 78.42%
- 🇦🇩 Andorra – 78.14%
- 🇸🇹 S.T.&Principe – 74.31%
- 🇨🇾 Cyprus – 72.44%
- 🇨🇭 Switzerland – 72.39%
- 🇬🇧 United Kingdom – 70.95%
- 🇸🇬 Singapore – 70.85%
- 🇼🇸 Samoa – 70.53%
. - 🇫🇷 France – 70.32%
- 🇳🇱 Netherlands – 68.84%
- 🇧🇪 Belgium – 68.26%
- 🇪🇸 Spain – 67.74%
- 🇬🇷 Greece – 67.09%
- 🇨🇷 Costa Rica – 67.02%
- 🇩🇰 Denmark – 66.31%
- 🇸🇨 Seychelles – 66.28%
- 🇵🇹 Portugal – 65.5%
- 🇮🇹 Italy – 64.79%
- 🇮🇸 Iceland – 64.4%
- 🇸🇪 Sweden – 63.87%
- 🇩🇪 Germany – 62.68%
- 🇿🇦 South Africa – 62.61%
- 🇦🇺 Australia – 62.43%
- 🇦🇹 Austria – 62.11%
- 🇵🇭 Philippines – 61.22%
- 🇺🇦 Ukraine – 60.77%
- 🇹🇳 Tunisia – 60.32%
- 🇸🇻 El Salvador – 59.6%
- 🇫🇮 Finland – 59.46%
- 🇧🇷 Brazil – 58.91%
- 🇲🇽 Mexico – 58.77%
- 🇰🇷 South Korea – 58.24%
- 🇧🇬 Bulgaria – 57.66%
- 🇷🇴 Romania – 57.45%
- 🇵🇱 Poland – 56.82%
- 🇹🇭 Thailand – 56.18%
- 🇱🇰 Sri Lanka – 56.11%
- 🇧🇼 Botswana – 55.87%
- 🇰🇪 Kenya – 55.06%
- 🇨🇴 Colombia – 54.8%
- 🇨🇱 Chile – 54.26%
- 🇷🇺 Russia – 53.98%
- 🇦🇷 Argentina – 53.02%
- 🇨🇳 China – 52.78%
- 🇷🇸 Serbia – 52.41%
- 🇮🇪 Ireland – 52.3%
- 🇲🇦 Morocco – 52.3%
- 🇳🇵 Nepal – 52.28%
- 🇵🇰 Pakistan – 51.55%
- 🇪🇬 Egypt – 51.43%
- 🇹🇷 Turkey – 51.2%
- 🇧🇩 Bangladesh – 51.04%
- 🇲🇾 Malaysia – 50.82%
- 🇸🇳 Senegal – 49.71%
- 🇮🇳 India – 48.58%
- 🇮🇷 Iran – 46.94%
- 🇧🇮 Burundi – 45.37%
- 🇬🇭 Ghana – 44.1%
- 🇳🇬 Nigeria – 44.04%
- 🇩🇿 Algeria – 42.2%
- 🇳🇴 Norway – 42.15%
- 🇮🇩 Indonesia – 41.79%
- 🇺🇬 Uganda – 41.59%
- 🇻🇳 Vietnam – 41.34%
- 🇱🇦 Laos – 41.25%
- 🇸🇦 Saudi Arabia – 39.2%
- 🇲🇳 Mongolia – 38.86%
- 🇶🇦 Qatar – 38.26%
- 🇪🇹 Ethiopia – 36.56%
- 🇮🇶 Iraq – 34.79%
- 🇰🇭 Cambodia – 33.74%
- 🇹🇿 Tanzania – 30.64%
- 🇹🇩 Chad – 26.2%
- 🇱🇾 Libya – 25.47%
- 🇸🇩 Sudan – 6.45%
Conclusion
The employment sectors impact on GDP is a crucial indicator of economic health. Countries with higher impacts often have robust job markets and GDP. Understanding these figures helps in analyzing global economic trends. The importance of employment in driving GDP growth is evident. This analysis underscores the need for policies that support employment to boost economic growth.
Source: World Bank 2022
