Fiji - Services, value added (% of GDP)

Services, value added (% of GDP) in Fiji was 53.19 as of 2020. Its highest value over the past 57 years was 58.48 in 2009, while its lowest value was 30.64 in 1963.

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
1963 30.64
1964 32.91
1965 36.64
1966 39.35
1967 40.06
1968 39.78
1969 42.69
1970 42.18
1971 46.77
1972 46.12
1973 46.79
1974 47.67
1975 47.72
1976 47.41
1977 51.36
1978 53.52
1979 52.04
1980 51.15
1981 53.16
1982 53.53
1983 55.89
1984 56.08
1985 55.64
1986 53.54
1987 50.57
1988 53.07
1989 47.65
1990 48.93
1991 48.70
1992 47.73
1993 46.73
1994 45.91
1995 47.65
1996 48.24
1997 49.31
1998 50.38
1999 50.62
2000 53.27
2001 53.98
2002 53.69
2003 53.60
2004 52.90
2005 57.33
2006 56.81
2007 58.09
2008 57.47
2009 58.48
2010 57.49
2011 58.16
2012 58.00
2013 56.87
2014 55.54
2015 55.44
2016 54.54
2017 54.49
2018 53.92
2019 53.98
2020 53.19

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