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The tertiary sector of the economy is a collection of industries that produce mostly intangible value, meaning value that has no physical form. It is a hallmark of advanced economies to have a large tertiary sector that generates a high percentage of GDP and employment. The following are examples of industries that are considered part of the tertiary sector.
EducationEducation services such as a university, college or training program.UtilitiesServices that provide a resource such as electricity, water or an internet connection.TransportationTransportation of goods and people.HospitalityServices that involve hosting guests such as restaurants and hotels.FinanceFinancial services such as a bank account or investment product.
InsuranceServices that offer to transfer risk for a fee.MediaMedia services such as a television station, streaming music service or blog.EntertainmentEntertainment such as films, museums and water parks.EventsEvents such as concerts, festivals and conferences.Information TechnologyInformation technology services such as software as a service.
HealthcareHealthcare services such as a hospital.ConsultingServices that provide advice and work products for a fee.Professional ServicesThe services of a recognized professional such as a lawyer, accountant or architect.Agents & BrokersAgents and brokers represent the interests of a party in a transaction. For example, a real estate agent who helps a family to buy a home.
Services sold to businesses such as advertising, logistics or design services.The services provided by a government such as public infrastructure, public education and public healthcare.NotesTertiary means "third level." The tertiary sector is consider the third level of economic production after the primary sector of the economy that produces raw materials and the secondary sector that produces manufactured goods.|
| Type | | | Definition (1) | Economic activity that produces mostly intangible value. | | Definition (2) | Industries that produce mostly services. | | Also Known As | Tertiary Industry | | Related Concepts | |
Industries
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