Services Development and Comparative Advantage in Manufacturing

Figure 1

Figure 1: Scatter plots of the shares of services value added in GDP against income level, for financial and business services, year 2005

Notes: The vertical axis represents the share of services value added in GDP for financial & business services combined, financial services only, and business services only, respectively. The horizontal axis represents log(GDP/capita). Only the data for year 2005 are used.