Arab World - Services, value added (% of GDP)

Services, value added (% of GDP) in Arab World was 54.86 as of 2020. Its highest value over the past 45 years was 54.86 in 2020, while its lowest value was 31.43 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 31.43
1976 33.27
1977 36.05
1978 39.47
1979 36.16
1980 32.82
1981 36.09
1982 43.84
1983 48.05
1984 48.42
1985 48.48
1986 50.56
1987 48.19
1988 50.75
1989 50.13
1990 40.19
1991 47.38
1992 43.00
1993 44.55
1994 46.45
1995 46.95
1996 44.87
1997 45.47
1998 48.74
1999 46.29
2000 41.95
2001 44.09
2002 45.22
2003 44.05
2004 42.81
2005 39.54
2006 37.95
2007 38.79
2008 36.65
2009 44.32
2010 42.77
2011 39.11
2012 39.63
2013 41.48
2014 43.83
2015 51.90
2016 53.80
2017 51.68
2018 48.61
2019 50.00
2020 54.86

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