Submitted by giteam t3_yaje14 in dataisbeautiful
Comments
Throwdaway543210 t1_itbe0pi wrote
What are some of the "Other" economic sectors?
charlie6583 t1_itbgr8z wrote
Chins must keep the quality manufactured goods. No need for repairman
[deleted] t1_itbh8ow wrote
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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.
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.
29minutebreak t1_itbk2o9 wrote
The “service industry“ is a patronizing way of calling people slaves.
[deleted] t1_itbl29u wrote
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Global-Alps498 t1_itbmd3p wrote
? Services are all sorts of things.
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
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.
AdAcrobatic7236 t1_itbvuw9 wrote
Blunt analysis. Please provide a more detailed response. 🔥
Goodasaholiday t1_itbx0lz wrote
Whatever it is, it's something that China does not do at all *)
Fit-Plant-306 t1_itbyzis wrote
Op would be my idol if they created a 30 year moving chart…
Leetcoder20 t1_itc5us1 wrote
fair Elections?
WheresthebodysGarth t1_itc62x2 wrote
Farmers are divas
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.
afromanspeaks t1_itc8ea5 wrote
Rent free
Leetcoder20 t1_itcawpi wrote
A Chinese shill? Interesting.
NorthEnglandChap t1_itcazd4 wrote
France and UK very similar. I always France was the farmer of Europe.
afromanspeaks t1_itcbbly wrote
Lol what? Pointing out insecurities is shilling now?
Interesting
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.
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/
waszumfickleseich t1_itci9oz wrote
the official numbers for Germany are
agriculture 0.9%
construction 5.5%
industry excluding construction 24%
service 69.5%
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
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.
Melodic-Leather-3732 t1_itcqxwr wrote
Any idea what the ratio of agricultural imports to GDP is?
No_Communication5538 t1_itcrqsv wrote
I don’t think the data is an opinion. Should?
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.
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
685327594 t1_itcx1we wrote
There is likely no actual difference, but the data is tabulated differently.
[deleted] t1_itd02ul wrote
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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?
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.
alarsonious t1_itdh4mf wrote
Try changing that "service" sector into service and Finance.
[deleted] t1_itdi0ez wrote
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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.
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
BananaWitcher t1_itdila3 wrote
Land deals and property taxes, I guess? In China, there is no private land and no property tax.
VorianFromDune t1_itdinki wrote
Old propaganda, it has been the same for both countries for nearly 4 or 5 decades.
mnbvcxz9753 t1_itdklw2 wrote
is there are correlation between a country’s “industry %” and it’s overall economic health?
_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.
sailingthestyx t1_itdn3y0 wrote
India’s balance would seem to foster the greatest long term sustainability.
imagination_machine t1_itdnlh4 wrote
I was wondering where what category the arms trade and big pharma come under.
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.
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.
JohnDeere6930Premium t1_itdpl4y wrote
Construction is a service
cptnobveus t1_itdpzqv wrote
US should definitely have more industry. We are mostly takers.
bernardosousa t1_itdrcou wrote
What was the criteria for country selection?
Gone247365 t1_itds6p7 wrote
Manufacturing is a service
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.
SoupaSoka t1_itdtq4u wrote
Agriculture is a service.
NarcissusLovesEcho t1_itdux95 wrote
Batman is a service.
eva01beast t1_itdxum0 wrote
Top ten largest GDP
eva01beast t1_itdy4m7 wrote
But Netherlands isn't in the list of top ten largest economies. That's what this list is.
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.
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?
pyr4lspr1t3 t1_ite04si wrote
I would imagine quaternary industry - research and the like - falls within it. Apart from that, no idea.
Gone247365 t1_ite0zq5 wrote
We're doing it, Peter!!
Toxicsully t1_itecpc5 wrote
Isn’t the US an absolute agricultural unit?
JanitorKarl t1_itedgxj wrote
And fewer marketing/advertisement stuff
GeneralNathanJessup t1_itei7dr wrote
And it also only measures agricultural output as a percentage of the total economy.
For instance, although agriculture makes up 1% of US GDP, the US is still the world's largest food exporter, exporting twice as much as any other country. https://www.worldatlas.com/articles/the-american-food-giant-the-largest-exporter-of-food-in-the-world.html
[deleted] t1_iteihwm wrote
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.
GeneralNathanJessup t1_iteiz4z wrote
Yes, 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
GeneralNathanJessup t1_itej1a7 wrote
Tell us more how stock brokers are really slaves. Sorry about how things turned out for you.
Sometimes_Stutters t1_itejeo3 wrote
That’s not at all how these numbers are produced…
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.
0WatcherintheWater0 t1_itejq9c wrote
What are you basing this on? The service economy is just as worthwhile, arguably moreso, than industry.
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.
Complex_Inspector_60 t1_itejygj wrote
True true throw in Industry as well.
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.
cptnobveus t1_itel37o wrote
That would be awesome
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.
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.
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.
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.
Xbooow59 t1_itez1v3 wrote
As, a service
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...
technomau87 t1_itfcqz9 wrote
Drugs, Mafia, etc.
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.
[deleted] t1_itfn14c wrote
Legal-Property-5996 t1_itfrl5z wrote
bs jobs producing bs just to make the lines go up
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.
Throwdaway543210 t1_itgvjbr wrote
Ha! I love that movie.
And you.
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?
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.
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)
giteam OP t1_itbbg7e wrote
Source:
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