Service Sector and Eсonomic Development

Abstract

The article presents the results of an analysis of the basic provisions of a three-sector economy concept related to the development of the service sector based on long time series of international statistics from the World Bank database (since 1995). The peculiarities of service sector development trends in four groups of countries by per capita income as well as in selective representative countries, including United States, Germany, Russia, China and India are identified; the pace of shifts in employment structure in the service sector is estimated. The following conclusions are substantiated: the reasons for the stability of the service sector’s share in global GDP; the patterns in the changing proportion between labour productivity in the service sector and the «material sector»; the convergence of Russia with high-income countries, etc.