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

Services, etc., value added (% of GDP) in Benin was 51.08 as of 2016. Its highest value over the past 56 years was 55.59 in 1977, while its lowest value was 40.45 in 2002.

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
1960 43.62
1961 43.99
1962 45.50
1963 44.81
1964 43.68
1965 47.40
1966 43.55
1967 46.51
1968 50.26
1969 50.44
1970 51.97
1971 52.16
1972 51.88
1973 52.08
1974 51.38
1975 53.30
1976 53.89
1977 55.59
1978 51.45
1979 51.66
1980 52.29
1981 54.42
1982 52.38
1983 51.49
1984 49.62
1985 51.75
1986 54.22
1987 54.35
1988 52.23
1989 49.38
1990 52.89
1991 52.97
1992 53.33
1993 53.66
1994 54.37
1995 53.52
1996 51.03
1997 50.70
1998 50.86
1999 41.26
2000 42.38
2001 41.84
2002 40.45
2003 41.90
2004 41.69
2005 41.68
2006 42.13
2007 44.81
2008 47.86
2009 48.14
2010 49.02
2011 50.13
2012 52.17
2013 52.32
2014 52.20
2015 51.44
2016 51.08

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