Costa Rica - Services, value added (% of GDP)

Services, value added (% of GDP) in Costa Rica was 68.48 as of 2020. Its highest value over the past 60 years was 69.35 in 2019, while its lowest value was 49.34 in 1984.

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 53.51
1961 53.77
1962 53.75
1963 54.18
1964 53.71
1965 53.45
1966 53.96
1967 53.72
1968 52.73
1969 52.92
1970 53.27
1971 54.12
1972 53.80
1973 53.07
1974 53.00
1975 52.29
1976 52.18
1977 51.95
1978 53.52
1979 55.04
1980 55.23
1981 50.36
1982 49.77
1983 49.39
1984 49.34
1985 52.27
1986 51.48
1987 54.36
1988 54.82
1989 55.88
1990 58.52
1991 52.80
1992 51.38
1993 52.76
1994 52.85
1995 52.26
1996 52.97
1997 52.69
1998 52.94
1999 54.21
2000 55.88
2001 56.69
2002 57.45
2003 57.77
2004 57.30
2005 57.79
2006 58.18
2007 57.98
2008 59.43
2009 61.06
2010 61.91
2011 63.18
2012 64.29
2013 65.57
2014 66.40
2015 67.30
2016 67.46
2017 68.34
2018 68.67
2019 69.35
2020 68.48

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