Bolivia - Services, value added (% of GDP)

Services, value added (% of GDP) in Bolivia was 52.87 as of 2020. Its highest value over the past 50 years was 54.22 in 1999, while its lowest value was 40.02 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 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1970 44.31
1971 46.24
1972 43.83
1973 41.54
1974 40.02
1975 44.77
1976 45.74
1977 45.25
1978 46.72
1979 48.03
1980 45.05
1981 44.44
1982 45.25
1983 42.44
1984 43.21
1985 43.42
1986 44.28
1987 46.43
1988 46.12
1989 46.42
1990 46.11
1991 46.61
1992 47.52
1993 48.94
1994 48.32
1995 46.73
1996 47.51
1997 49.22
1998 51.72
1999 54.22
2000 52.16
2001 52.65
2002 52.30
2003 51.29
2004 49.28
2005 46.82
2006 43.13
2007 42.51
2008 40.50
2009 43.51
2010 43.55
2011 41.01
2012 40.44
2013 40.21
2014 41.47
2015 45.98
2016 49.80
2017 48.74
2018 49.09
2019 50.72
2020 52.87

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