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BBOoff t1_itbjfvt wrote

If anyone is wondering why Agriculture seems to be unusually low, be aware that this graph is only counting the actual economic activity of the farms/greenhouses themselves as Agriculture.

You may see higher percentages in other sources, because some other sources prefer to show the entire agri-food industry together, including the various sectors that are here classified as manufacturing and services.

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Melodic-Leather-3732 t1_itcqxwr wrote

Any idea what the ratio of agricultural imports to GDP is?

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BBOoff t1_itfyiu7 wrote

No idea.

I used the Agriculture Canada numbers to find out why Canada's Agriculture percentage was lower than I'm used to seeing, but Agriculture Canada only records domestic production and export, not imports.

I have no idea where to find import numbers.

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Throwdaway543210 t1_itbe0pi wrote

What are some of the "Other" economic sectors?

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Disastrous-Year571 t1_itbh9ot wrote

There is no explanation of that category at the Genuine Impact website, and the World Bank doesn’t classify GDP into 4 sectors in any of the documents I could find.

I wonder if “Other” in this chart it is things like mining, transportation, fishing, or real estate, which often are included in the 3 primary sectors in other datasets. Hard to know.

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waszumfickleseich t1_itci9oz wrote

the official numbers for Germany are

agriculture 0.9%

construction 5.5%

industry excluding construction 24%

service 69.5%

https://de.statista.com/statistik/daten/studie/36846/umfrage/anteil-der-wirtschaftsbereiche-am-bruttoinlandsprodukt/

those numbers add up to around 100%

OP's chart says Industry includes construction, but from my numbers above that definitely can't be the case. Can only explain that while it says it's included in "Industry", it actually is not and therefore it was added to the "other" category, just like you said

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JohnDeere6930Premium t1_itdpl4y wrote

Construction is a service

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Gone247365 t1_itds6p7 wrote

Manufacturing is a service

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Goodasaholiday t1_itbx0lz wrote

Whatever it is, it's something that China does not do at all *)

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Leetcoder20 t1_itc5us1 wrote

fair Elections?

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afromanspeaks t1_itc8ea5 wrote

Rent free

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Leetcoder20 t1_itcawpi wrote

A Chinese shill? Interesting.

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Throwdaway543210 t1_itceg0h wrote

Going through the comment history, it is fascinating the amount of comments made on any post having to do with China.

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afromanspeaks t1_itcbbly wrote

Lol what? Pointing out insecurities is shilling now?

Interesting

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Leetcoder20 t1_itcm02k wrote

Having a pain in ass for criticising the CCP is a major asshole move, "shill" is still too decent for someone like you.

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BananaWitcher t1_itdila3 wrote

Land deals and property taxes, I guess? In China, there is no private land and no property tax.

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Ulyks t1_iu49kcg wrote

On paper there is no private land but in reality there are a huge amount of land deals.

The government is buying out the farmers and selling the land to developers all the time.

Taxes aren't counted in GDP, that would be GDI.

GDP = consumption + investment + government spending +/- (exports - imports)

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pyr4lspr1t3 t1_ite04si wrote

I would imagine quaternary industry - research and the like - falls within it. Apart from that, no idea.

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itchy_008 t1_itfhrgg wrote

anything that does not involve selling, buying or processing. or selling anything bought or processed. or buying anything sold or processed. or processing anything bought or sold. or repairing anything sold, bought or processed.

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Macrophage87 t1_itci21r wrote

I'm not understanding the "Other Category". What are people in Germany, UK, France, Italy, etc. doing 10% of that the US isn't?

Italy is notable for incorporating its black market in GDP calculations, is that it? I doubt the other countries are doing so as well though.

https://www.thelocal.it/20191015/italys-black-market-is-now-worth-more-than-200-billion/

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685327594 t1_itcx1we wrote

There is likely no actual difference, but the data is tabulated differently.

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FarCommon408 t1_itdom8y wrote

The black market estimates are added by every country when counting GDP, besides that the Italian black market estimates according to some are low in comparison with the reality.

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Brzwolf t1_itetln9 wrote

>The black market estimates are added by every country when counting GDP, besides that the Italian black market estimates according to some are low in comparison with the reality.

Its all relative, the U.S likely has far more 'other' then the UK or france do on their own but the U.S is also a massive powerhouse in industry and services so 'other' could easily make up a smaller % of its bar.

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FITnLIT7 t1_itbs2ck wrote

Only thing we’re constructing up here in Canada is overpriced homes.

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dabe7125 t1_itdfmma wrote

Again, it seems the majority of the “data” on this sub is all misleading…

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classicalL t1_itds8mp wrote

The life cycle of all things: small group with high quality, gets more popular, quality reaches that of general population (not high).

This sub, reddit, the internet at large. It all follows this pattern.

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APJYB t1_itbkxzw wrote

Chinese real estate investment and speculation (not the manufacturing of said real estate) constitutes around 15-30% of their GDP. I’m curious where this would be captured.

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Sometimes_Stutters t1_itd9lp6 wrote

Maybe I’m old school or biased (manufacturing engineer) but I have a hard time believing that economies that aren’t primarily agricultural and industry are healthy. Value creation is firm. Value provided is less so.

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Fun_Designer7898 t1_itdidud wrote

Time moves on

The world is getting ever closer to consisting of 75% services

Services employ by far the most people and produce by far the most value.

Services employ now more than industry and agriculture together, industry was once the largest employer followed by agriculture and then services

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eva01beast t1_itdyhcl wrote

Service sector has a such a broad definition, that you would count the security guard and the supervisors at factories as "service sector" employees and not "manufacturing sector" employees. Any job where you're not directly growing something or making a good is considered a service sector job.

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Sometimes_Stutters t1_itejeo3 wrote

That’s not at all how these numbers are produced…

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eva01beast t1_itek0en wrote

I'm just explaining why the service sector contributes so much to the GDP. The value of a service doesn't need to be high, but the fact that so many people out there are creating services over goods could be why the contribution of the service sector is so high.

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Sometimes_Stutters t1_iterdde wrote

But that’s not at all how these numbers are calculated. It’s not on a per-employee output. It’s sector based. The individual jobs are totally irrelevant.

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Brzwolf t1_itetprm wrote

Those jobs are jobs in the service sector my guy. Jobs produce value. Value in the service sector in this case.

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sailingthestyx t1_itdn3y0 wrote

India’s balance would seem to foster the greatest long term sustainability.

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Toxicsully t1_itecpc5 wrote

Isn’t the US an absolute agricultural unit?

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Brzwolf t1_ites46o wrote

Yes, but its even more of a unit in the other sectors lol. That and technically U.S agriculture is extremely subsidized by the government to keep it as big as it is, though Im not sure if that affects the graph here.

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ButtholeMcButtybutt t1_itbt4g7 wrote

I live in southern Ontario , near brampton (aka canadian india) I'm led to believe their farmers are getting screwed due to the abundance of "no farmers no food" stickers on every vehicle. Looks like they got plenty of farmers to me... shut up and stop making the insurance rates so high.

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Leetcoder20 t1_itc64o1 wrote

It's all punjabi propaganda, they actually want a seperate sikh nation called khalistan while Majority of the Indians including Indian punjabis are against it, that's why they remain so pissed about India in general.

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chin-ki-chaddi t1_itdnsd2 wrote

I heard a conspiracy theory, which sounded kinda logical to me. The Canadian sikhs want to portray Indian government as anti-Sikh so they can be considered as a persecuted group in the eyes of Canadian government. This would help them in bringing over their family members on work visas and all.

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DrSOGU t1_itdosjg wrote

"Others" = prostitution and illegal drugs

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NorthEnglandChap t1_itcazd4 wrote

France and UK very similar. I always France was the farmer of Europe.

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_1ud3x_ t1_itdkr0v wrote

I mean in France agriculture is 1.6%, in the UK its only 0.6%. So double the value in France, seems it holds true somewhat.

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VorianFromDune t1_itdinki wrote

Old propaganda, it has been the same for both countries for nearly 4 or 5 decades.

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TotallynottheCCP t1_itf5iu8 wrote

Am I the only one that finds it concerning that so much of the US economy is based around services? Covid taught us what can happen to the service industry...

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charlie6583 t1_itbgr8z wrote

Chins must keep the quality manufactured goods. No need for repairman

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AdAcrobatic7236 t1_itbvuw9 wrote

Blunt analysis. Please provide a more detailed response. 🔥

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Equivalent_Poetry339 t1_itcwgxy wrote

Just gotta say I absolutely looooove the cigarette chart style. It’s perfect for my job with John Deere monitoring and benchmarking idle hours. Glad someone else is using it

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alarsonious t1_itdh4mf wrote

Try changing that "service" sector into service and Finance.

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broccolindian t1_itdi6kr wrote

I've always wondered when people called India a heavy service oriented economy. Now I see these bars I wonder if they knew what they were talking about.

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0WatcherintheWater0 t1_itejjtq wrote

Relative to it’s GDP per capita, it is very service heavy. Developing countries historically have tended to develop manufacturing before services. India however seems to be breaking from that trend.

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mnbvcxz9753 t1_itdklw2 wrote

is there are correlation between a country’s “industry %” and it’s overall economic health?

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cptnobveus t1_itdpzqv wrote

US should definitely have more industry. We are mostly takers.

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GeneralNathanJessup t1_iteivxv wrote

The US is the world's largest food exporter, exporting twice as much food as any other country. https://www.worldatlas.com/articles/the-american-food-giant-the-largest-exporter-of-food-in-the-world.html

Also, the US is the world's largest weapons exporter, exporting twice as much as any other country. https://www.statista.com/statistics/267131/market-share-of-the-leadings-exporters-of-conventional-weapons/

Food and weapons are the cornerstones of any enduring civilization.

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0WatcherintheWater0 t1_itejq9c wrote

What are you basing this on? The service economy is just as worthwhile, arguably moreso, than industry.

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bernardosousa t1_itdrcou wrote

What was the criteria for country selection?

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eva01beast t1_itdxum0 wrote

Top ten largest GDP

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bernardosousa t1_itdylx9 wrote

I thought Brazil was ahead of South Korea for several years. I clicked through the source links, but couldn't find the ordered list. Sites like ourworldindata.com and worldpopulationreview.com both have different lists. That's why a asked. This list seamed to be drawn with different criteria to me. What am I missing?

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Sparkykun t1_ite6pvy wrote

What about internet subscriptions services?

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CampEmbarrassed170 t1_itl4vhx wrote

So in other words I’m screwed as an American because we don’t make or plant as much to be self-sufficient?

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LonerDottyRebel t1_itl67w1 wrote

No. We produce untold surpluses of food. It winds up being a large fraction of what's considered manufacturing in this data. And Monsanto Superfarms don't need a lot of labor per acre farmed like family farms, so that's why that slice has shrunk so much.

But we have a massive durable goods trade deficit. It's bleeding value out of our currency. We can't just make consumption goods and provide services. We need to start making tangible products and they have to be competitive in export markets.

We also need higher interest rates and to slash government spending, but those are whole rants in and of themselves.

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Fit-Plant-306 t1_itbyzis wrote

Op would be my idol if they created a 30 year moving chart…

0

VALMaX1 t1_itcjt93 wrote

Industry should have a much higher share in chinese economy.

And by the way Japan do produce a heck lot of mechanical goods which they export so their industrial sector must have a much higher share in their GDP.

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0WatcherintheWater0 t1_itejy64 wrote

As you can see in the data, no that isn’t the case. Industry is typically far less important than most people make it out to be.

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Complex_Inspector_60 t1_itct623 wrote

Services dominate - so it's slavery - the corporations are making money off the backs of the people who actually do the work.

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thecatcalledred t1_itd260o wrote

Why is services worse than industry? I don’t understand lol. If corporations are making money off the backs of laborers isn’t factory work more like historic slavery than a San Francisco developer making $280K?

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-Robbert- t1_itbeope wrote

Do this again and add the Netherlands

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eva01beast t1_itdy4m7 wrote

But Netherlands isn't in the list of top ten largest economies. That's what this list is.

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29minutebreak t1_itbk2o9 wrote

The “service industry“ is a patronizing way of calling people slaves.

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Disastrous-Year571 t1_itbowj4 wrote

Service sector is actually pretty broad - airline pilots, doctors, university professors, bankers and investment analysts, plumbing and electrical business owners, media celebrities, IT managers etc would all be service sector in most definitions

Not every service sector job is in a Comcast call center or fast food restaurant, thankfully

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GeneralNathanJessup t1_itej1a7 wrote

Tell us more how stock brokers are really slaves. Sorry about how things turned out for you.

0