IDA blend - Services, value added (% of GDP)

Services, value added (% of GDP) in IDA blend was 48.88 as of 2020. Its highest value over the past 39 years was 54.77 in 2016, while its lowest value was 40.34 in 1997.

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
1981 47.69
1982 49.96
1983 48.52
1984 47.43
1985 45.85
1986 45.60
1987 44.16
1988 42.65
1989 41.76
1990 42.06
1991 40.76
1992 41.23
1993 43.19
1994 41.84
1995 41.18
1996 40.34
1997 40.34
1998 42.18
1999 43.14
2000 46.69
2001 48.61
2002 46.05
2003 45.84
2004 46.72
2005 47.41
2006 49.15
2007 50.09
2008 49.51
2009 51.39
2010 50.60
2011 49.21
2012 49.87
2013 51.31
2014 52.06
2015 54.02
2016 54.77
2017 53.14
2018 51.44
2019 50.51
2020 48.88

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