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

Services, etc., value added (% of GDP) in Austria was 71.02 as of 2016. Its highest value over the past 40 years was 71.02 in 2016, while its lowest value was 55.92 in 1976.

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
1976 55.92
1977 57.07
1978 56.91
1979 58.14
1980 58.06
1981 58.84
1982 60.15
1983 60.87
1984 61.67
1985 61.91
1986 62.17
1987 62.78
1988 63.12
1989 63.45
1990 63.21
1991 63.59
1992 64.57
1993 65.68
1994 65.39
1995 65.52
1996 65.63
1997 65.67
1998 66.01
1999 66.08
2000 66.46
2001 66.57
2002 67.56
2003 67.57
2004 67.65
2005 68.13
2006 68.00
2007 67.54
2008 68.32
2009 69.77
2010 69.92
2011 69.87
2012 69.68
2013 69.95
2014 70.23
2015 70.70
2016 71.02

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