Pakistan - Services, value added (% of GDP)

Services, value added (% of GDP) in Pakistan was 53.84 as of 2020. Its highest value over the past 60 years was 53.87 in 2019, while its lowest value was 35.51 in 1964.

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 36.48
1961 36.17
1962 36.59
1963 35.96
1964 35.51
1965 37.38
1966 40.00
1967 38.82
1968 38.15
1969 37.97
1970 37.08
1971 37.49
1972 38.35
1973 38.38
1974 39.85
1975 42.34
1976 41.55
1977 40.68
1978 41.33
1979 41.98
1980 40.93
1981 41.49
1982 41.62
1983 42.96
1984 44.02
1985 44.11
1986 44.44
1987 44.77
1988 44.14
1989 43.63
1990 43.36
1991 43.23
1992 43.03
1993 44.66
1994 44.69
1995 44.86
1996 45.83
1997 45.65
1998 45.30
1999 45.84
2000 50.33
2001 51.35
2002 52.78
2003 52.40
2004 50.66
2005 51.39
2006 52.63
2007 52.76
2008 53.11
2009 53.11
2010 52.84
2011 50.93
2012 51.57
2013 52.01
2014 51.70
2015 52.16
2016 52.77
2017 53.18
2018 52.78
2019 53.87
2020 53.84

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