Service Sector PDF

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12/5/24, 11:36 AM Service Sector menu SEE MORE favorite_border 56,698,634,387,413 WORLD POPULATION CONSUMER ECONOMY GLOBAL CHALLENGES Output of the Service Sector GLOBALLY IN USD SOURCES IN 2024 THIS MONTH THIS WEEK TODAY NEXT Put this counter on your website The World Counts Impact through VISIT OUR SHOP Awareness Insights Facts Figures Live Statistics Loading... $61 trillion worth of transport, insurance, restaurant visits, maintenance and repairs etc. is https://www.theworldcounts.com/economies/sectors/service-sector 1/12 12/5/24, 11:36 AM Service Sector produced globally every year - that’s $116 million every minute. What is the service sector? The service (or tertiary) sector of the economy is characterised by “non-material” activities such as transportation, a haircut, or hotel and restaurant visits. Sometimes also called "intangible goods". By far the largest sector of the economy The service sector is over twice as big as the industrial and manufacturing sectors combined and makes up 63.6 percent of the global economy. The top national service markets The US has by far the largest service sector in the world and is accountable for 30 percent of the total global output of the sector! This is more than the next four https://www.theworldcounts.com/economies/sectors/service-sector 2/12 12/5/24, 11:36 AM countries combined (China, Japan, Service Sector Germany, UK). Definition of a service: “The five I’s” Intangibility: Services are not manufactured and cannot be transported. No physical goods are transferred from the seller to the buyer. Inseparability: Delivery and consumption of a service cannot be split up. They are produced and consumed at the same time (you cannot save a haircut for later). Inventory: Services cannot be stored for future use. Inconsistency: Each service is unique (two haircuts are never exactly the same). Involvement: Both the service provider and the service consumer must participate in the service provision. Services can have severe environmental impacts Even though services involve economic activity that does not result in any physical ownership, supplying and consuming services can have serious social and environmental consequences. The tourism industry, for example, is a heavy polluter and https://www.theworldcounts.com/economies/sectors/service-sector 3/12 12/5/24, 11:36 AM degrades local natural resources. Another Service Sector example is transportation that makes up over 14 percent of global greenhouse gas emissions. Example of a polluting service: The cruise industry Let’s dig a little into one of the dirtiest businesses of the service sector - the cruise industry. The largest cruise ships carrying over 7,000 people can in one week generate over 200,000 gallons (10 small swimming pools) of human sewage and 1 million gallons (40 more swimming pools) of greywater (water from sinks, baths, showers, laundry and galleys). Often this waste is dumped directly into our oceans. And this is just from one ship. The world has more than 220 large cruise ships carrying 25 million passengers every year. Burning waste at sea... Because it’s cheap, cruise ships burn large amounts of wastes at sea. This includes hazardous wastes such as oil, sewage sludge, and biohazardous waste. It also includes solid wastes such as plastics, paper, metal, glass, and food....emits toxics into the atmosphere Incinerators at sea operate with few regulated limits so cruise ships burn up to https://www.theworldcounts.com/economies/sectors/service-sector 4/12 12/5/24, 11:36 AM 2.5 tons of waste per day. The emissions Service Sector from these incinerations include carcinogens such as furans and dioxins as well as heavy metals such as lead, cadmium and mercury. Not to mention nitrogen oxide, sulfur oxide, carbon monoxide, carbon dioxide, particulate matter, hydrogen chloride, hydrocarbons... Not without consequences An estimated 84,000 people die worldwide each year as a result of under-regulated shipping air emissions. The average bunker fuel used by cruise ships has almost 2,000 times the sulfur content of the fuel used by buses, trucks, and cars on land. As a result ONE single ship can cause as much smog- producing pollution as 350,000 cars! 95,892,436 Years of healthy life lost from air pollution GLOBALLY, THIS YEAR IN 2024 THIS MONTH THIS WEEK TODAY https://www.theworldcounts.com/economies/sectors/service-sector 5/12 12/5/24, 11:36 AM Service Sector 372,036,601 Tonnes of hazardous waste produced WORLDWIDE, THIS YEAR IN 2024 THIS MONTH THIS WEEK TODAY A few bonus facts on the dirty business of the cruise The largest cruise ships use the same amount of energy as 80,000 households. The average cruise ship daily generates 15 gallons of toxic chemical waste. Often, this is dumped untreated into oceans. In a 10 hours stay in a port, the typical cruise ship produces and emits about 66 tons of CO2. The same as the ANNUAL emissions of more than six Hummer cars. Ships (including cruise ships) dump roughly 100 million gallons of petroleum into our oceans every year. This is https://www.theworldcounts.com/economies/sectors/service-sector 6/12 12/5/24, 11:36 AM almost 10 times the amount of oil spilled Service Sector in the 1989 Exxon Valdez oil spill. The knowledge economy Modern services: The Quaternary and Quinary sectors of the economy Traditionally, the service sector included activities such as transportation, haircuts, hotels & restaurants and so on. It still does, of course, but the so-called quaternary and quinary (sub)sectors now make up the main part of the service economy. The quaternary sector consists of the knowledge-based part of the economy including information technology, consultation services, research & development, education, financial services, design, culture, media & entertainment and so forth. The quinary sector is much smaller than the quaternary sector and is made up of activities that involve top-level decision making. The biggest part of the economy Activities consisting of providing information and knowledge are sometimes regarded as https://www.theworldcounts.com/economies/sectors/service-sector 7/12 12/5/24, 11:36 AM making up a separate economic sector (or a Service Sector subsector to the service sector). If seen as a sector, quaternary activities make up the largest sector of the economy - at least in developed countries. Already in 1985 over 40 percent of all activity in the US economy were estimated to derive from knowledge based activities. Relying on knowledge The quaternary sector is knowledge-based and it’s activities require a high degree of education. People in this field rely on their intelligence to provide highly specialised services and develop and make use of advanced technologies. It includes programmers, designers, entrepreneurs, consultants, scientists, lawyers, and researchers. The quinary sector: Decision making In addition to the quaternary sector, activities that involve top-level decision making are sometimes seen as yet another distinct economic sector: the quinary sector. The quinary sector mainly consists of CEOs and top-executives from Government. Contrary to research and consultancy services who provide recommendations, the activities of the quinary sector involves taking final far-reaching decisions/actions affecting a large number of people, entire https://www.theworldcounts.com/economies/sectors/service-sector 8/12 12/5/24, 11:36 AM countries or even the whole world. People Service Sector working in this industry are sometimes referred to as "gold collar" professionals. 59 % Of the economy Size of the quaternary and quinary sectors in the western world. https://www.theworldcounts.com/economies/sectors/service-sector 9/12 12/5/24, 11:36 AM Service Sector Not much data available on the quaternary and quinary sectors It’s more tricky to find information of the global size of the quaternary and quinary sectors than for the more traditional sectors. But they are in no way trivial! In Australia, the two sectors have been estimated to make up 59 percent of the economy in 2015 (quaternary 47.6 % and quinary 11.6 %). 8,Output 766,562,208, 7 of Industrial Secto GLOBALLY IN USD IN 2024 THIS MONTH THIS WEEK TODAY 3,257,688,219,8 Output of Agricultural Sec GLOBALLY IN USD IN 2024 THIS MONTH THIS WEEK TODAY https://www.theworldcounts.com/economies/sectors/service-sector 10/12 12/5/24, 11:36 AM Service Sector 12,843, 7 31,215,5 Output from Manufacturin GLOBALLY IN USD IN 2024 THIS MONTH THIS WEEK TODAY 1.Number 7171493078 of planet Earths REQUIRED FOR OUR CURRENT LEVELS OF CONSUMPTION NOW IN 2024 THIS MONTH THIS WEEK TODAY Spread the message. Make a donation. 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