Rwanda - Services, value added (% of GDP)

Services, value added (% of GDP) in Rwanda was 46.42 as of 2020. Its highest value over the past 55 years was 49.88 in 2010, while its lowest value was 18.35 in 1965.

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
1965 18.35
1966 18.36
1967 24.40
1968 25.22
1969 24.82
1970 29.79
1971 30.14
1972 31.01
1973 30.25
1974 31.66
1975 31.82
1976 31.89
1977 32.33
1978 35.46
1979 32.22
1980 32.60
1981 38.47
1982 38.48
1983 37.71
1984 35.92
1985 35.48
1986 39.39
1987 44.46
1988 43.64
1989 42.27
1990 42.83
1991 46.93
1992 48.06
1993 47.93
1994 29.07
1995 40.03
1996 34.72
1997 35.43
1998 35.78
1999 41.87
2000 44.34
2001 43.44
2002 44.40
2003 43.68
2004 42.45
2005 42.54
2006 45.20
2007 48.20
2008 49.31
2009 49.51
2010 49.88
2011 47.90
2012 48.85
2013 49.80
2014 49.22
2015 49.74
2016 49.29
2017 47.88
2018 49.71
2019 49.12
2020 46.42

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