Service sector also known as tertiary sector includes all branches of human activity whose core is to provide services, thus providing a work, knowledge, financial resources, infrastructure, goods or their combination.
Other sectors of economy:
The service sector represents a significant part of the national economy of modern economies – organizations providing services (service providers) create in developed countries about 60% of GDP and this share is still growing. The position of the service sector in selected EU countries, see Further information and sources.
The service sector includes, in fact, all organizations (other than manufacturing organizations, industrial raw materials and agriculture) that by their subject of their work or entrepreneurship fit in at least one of the services branch:
- Trade and procurement
- Transport, Shipping and Transportation
- Accommodation and Hospitality
- Financial Services (Financial Sector)
- Media, information and promotion
- Information and communication services
- Health and social care
- Real estate and infrastructure
- Entertainment, Culture and Sport
- Advice, Legal and Expert Services
- Crafts and repairs
- Public administration
For more detailed breakdown of service sector into individual branches and into individual economic activities, there are used different classifications of human activities.
Related terms and methods: