Burundi - Services, value added (% of GDP)

Services, value added (% of GDP) in Burundi was 45.21 as of 2020. Its highest value over the past 50 years was 49.37 in 2015, while its lowest value was 17.76 in 1970.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1970 17.76
1971 18.99
1972 21.47
1973 18.23
1974 19.51
1975 19.46
1976 20.58
1977 19.29
1978 20.61
1979 20.25
1980 23.24
1981 23.96
1982 25.63
1983 25.46
1984 23.66
1985 23.15
1986 25.09
1987 25.47
1988 25.85
1989 23.40
1990 22.99
1991 23.35
1992 22.68
1993 22.35
1994 26.77
1995 28.46
1996 28.12
1997 32.57
1998 33.50
1999 35.71
2000 32.13
2001 35.00
2002 35.51
2003 33.83
2004 33.98
2005 34.01
2006 35.70
2007 39.92
2008 38.32
2009 37.84
2010 36.95
2011 37.99
2012 38.85
2013 36.02
2014 39.13
2015 49.37
2016 47.67
2017 49.33
2018 49.11
2019 47.94
2020 45.21

Limitations and Exceptions: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices. Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts