Kiribati - Services, value added (% of GDP)

Services, value added (% of GDP) in Kiribati was 63.24 as of 2019. Its highest value over the past 41 years was 65.15 in 2006, while its lowest value was 22.03 in 1978.

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
1978 22.03
1979 32.19
1980 48.40
1981 44.82
1982 47.95
1983 49.12
1984 31.14
1985 33.34
1986 35.59
1987 38.18
1988 37.68
1989 40.07
1990 44.17
1991 56.67
1992 59.59
1993 57.96
1994 59.02
1995 59.31
1996 60.98
1997 61.95
1998 60.86
1999 61.41
2000 58.29
2001 59.47
2002 57.79
2003 57.62
2004 56.92
2005 59.15
2006 65.15
2007 62.43
2008 63.02
2009 61.72
2010 63.54
2011 61.62
2012 61.06
2013 60.79
2014 61.66
2015 60.71
2016 61.77
2017 63.31
2018 62.53
2019 63.24

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