Congo - Services, value added (% of GDP)

Services, value added (% of GDP) in Congo was 53.70 as of 2020. Its highest value over the past 60 years was 62.84 in 1969, while its lowest value was 22.54 in 2000.

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
1960 59.37
1961 61.50
1962 62.30
1963 61.27
1964 61.09
1965 61.93
1966 61.07
1967 60.27
1968 61.09
1969 62.84
1970 58.16
1971 60.99
1972 62.32
1973 62.17
1974 59.47
1975 53.10
1976 48.92
1977 52.93
1978 54.46
1979 49.29
1980 41.70
1981 41.22
1982 39.58
1983 38.09
1984 36.49
1985 38.64
1986 55.26
1987 52.27
1988 56.22
1989 49.09
1990 46.50
1991 52.65
1992 52.96
1993 53.45
1994 44.20
1995 44.68
1996 39.17
1997 34.00
1998 42.99
1999 30.37
2000 22.54
2001 28.71
2002 30.42
2003 32.55
2004 28.63
2005 29.40
2006 30.46
2007 35.74
2008 29.23
2009 33.83
2010 25.43
2011 25.54
2012 26.99
2013 28.59
2014 31.81
2015 39.62
2016 48.50
2017 44.13
2018 36.54
2019 40.38
2020 53.70

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