Services make up about 70% of European economic output.
75% confidence
EconomyEuropean Union
Omissions
The MEP did not cite a specific year or data source for the 70% figure. According to Eurostat, the services share of EU total value added was 'close to three quarters' in 2024, suggesting approximately 73-75% — several percentage points higher than claimed.
The services share has been rising steadily over time: it was 69.2% in 2000 and has increased since. The claimed 70% may reflect an older data point or rounded figure that is no longer current as of the most recent available data.
PrimaryEurostat - Key figures on Europe 2024 editionBetween 2000 and 2023, the share of EU total value added generated in the services sector rose from 69.2% to a higher value (upward trend confirmed).