Finland - Services, value added (% of GDP)

Services, value added (% of GDP) in Finland was 60.01 as of 2020. Its highest value over the past 45 years was 60.82 in 2015, while its lowest value was 45.66 in 1975.

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
1975 45.66
1976 47.38
1977 47.50
1978 47.30
1979 47.08
1980 46.76
1981 47.85
1982 48.42
1983 48.94
1984 49.09
1985 50.29
1986 51.12
1987 51.68
1988 50.56
1989 50.48
1990 52.27
1991 55.65
1992 56.66
1993 56.10
1994 55.11
1995 54.33
1996 55.08
1997 54.31
1998 53.54
1999 53.69
2000 52.95
2001 54.31
2002 54.91
2003 55.20
2004 55.82
2005 55.86
2006 54.95
2007 54.69
2008 56.22
2009 59.61
2010 58.94
2011 59.31
2012 60.69
2013 60.44
2014 60.74
2015 60.82
2016 60.34
2017 59.76
2018 59.85
2019 60.19
2020 60.01

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