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

Services, etc., value added (% of GDP) in Argentina was 65.76 as of 2016. Its highest value over the past 51 years was 68.07 in 2001, while its lowest value was 38.68 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. 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
1965 38.68
1966 40.12
1967 42.64
1968 43.24
1969 43.43
1970 48.08
1971 43.18
1972 43.43
1973 44.70
1974 46.18
1975 43.27
1976 40.95
1977 44.11
1978 46.40
1979 48.18
1980 52.43
1981 53.19
1982 49.30
1983 49.79
1984 51.95
1985 53.09
1986 54.82
1987 54.08
1988 52.54
1989 48.04
1990 55.85
1991 60.56
1992 63.33
1993 65.28
1994 65.46
1995 65.77
1996 65.10
1997 64.80
1998 65.30
1999 66.89
2000 66.88
2001 68.07
2002 56.78
2003 54.06
2004 56.27
2005 57.01
2006 57.43
2007 58.68
2008 59.94
2009 63.56
2010 61.39
2011 61.66
2012 63.98
2013 64.21
2014 63.08
2015 65.89
2016 65.76

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