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

Services, etc., value added (% of GDP) in Bolivia was 55.39 as of 2016. Its highest value over the past 46 years was 56.25 in 1999, while its lowest value was 40.32 in 1974.

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
1970 46.20
1971 47.73
1972 44.87
1973 42.26
1974 40.32
1975 45.47
1976 45.75
1977 45.21
1978 46.65
1979 47.87
1980 48.55
1981 48.05
1982 47.65
1983 43.61
1984 43.93
1985 44.59
1986 46.54
1987 49.29
1988 48.85
1989 48.98
1990 48.49
1991 49.26
1992 50.41
1993 51.44
1994 51.30
1995 50.00
1996 51.35
1997 52.21
1998 54.96
1999 56.25
2000 55.20
2001 55.61
2002 55.81
2003 55.19
2004 53.65
2005 53.59
2006 51.04
2007 50.73
2008 48.17
2009 49.93
2010 49.86
2011 48.58
2012 48.47
2013 48.71
2014 50.18
2015 54.18
2016 55.39

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