What is the Tertiary Sector?

By Shivank Goel|Updated : January 10th, 2023

The tertiary sector is concerned with providing facilities and services while supporting the remaining two sectors for the free flow of economic activities. It is one of the three major sectors of the economy. It mainly supports the process of production and manufacturing. This includes services such as tourism, insurance, banking, education, trade, transport, tourism, and communication.

Tertiary Sector

The tertiary sector does not participate in the initial stages of extraction of raw materials, natural resources, and manufacturing of products.

It deals with finished goods and services related to them. It is also known as the 'Services Sector', providing various services all over the world. It contributes to a developing economy by providing employment at a good rate throughout the world.

  • More and more people are entering the tertiary sector for the purpose of employment.
  • The tourism industry alone generates a significant amount of revenue in the tertiary sector, accounting for about 42% of the total GDP.
  • Other tertiary sector services include insurance, banking, education, trade, transport, tourism, and communication.

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FAQs on Tertiary Sector

  • The tertiary sector deals with various services such as tourism, insurance, banking, education, trade, transport, tourism and communication. It deals with finished & final goods, in place of raw materials.

  • The tourism industry in the tertiary sector accounts for a large amount of revenue generation which amounts to almost 42% of the total GDP. Other services from the tertiary sector include insurance, banking, education, trade, transport, tourism, and communication.

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