Albania - Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Albania was 53.37 as of 2016. Its highest value over the past 36 years was 58.91 in 1999, while its lowest value was 15.90 in 1990.

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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 21.40
1981 24.60
1982 24.50
1983 22.60
1984 22.90
1985 22.10
1986 21.80
1987 21.00
1988 22.20
1989 22.90
1990 15.90
1991 18.01
1992 25.04
1993 22.46
1994 24.65
1995 21.69
1996 47.18
1997 51.92
1998 56.41
1999 58.91
2000 56.80
2001 57.23
2002 56.17
2003 52.48
2004 52.49
2005 53.55
2006 53.37
2007 54.79
2008 51.56
2009 52.37
2010 50.65
2011 50.89
2012 51.89
2013 51.14
2014 52.45
2015 52.96
2016 53.37

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.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts