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

Services, etc., value added (% of GDP) in Botswana was 63.09 as of 2016. Its highest value over the past 56 years was 64.73 in 2009, while its lowest value was 28.51 in 1988.

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 43.26
1961 45.85
1962 48.23
1963 50.10
1964 48.13
1965 46.95
1966 46.34
1975 36.49
1976 38.56
1977 39.34
1978 37.61
1979 34.82
1980 34.57
1981 38.44
1982 39.13
1983 37.03
1984 35.03
1985 32.41
1986 31.98
1987 31.05
1988 28.51
1989 30.08
1990 34.13
1991 36.25
1992 39.00
1993 41.94
1994 48.94
1995 48.62
1996 47.47
1997 47.03
1998 49.48
1999 48.00
2000 46.42
2001 48.66
2002 50.42
2003 53.76
2004 53.86
2005 50.33
2006 49.76
2007 50.96
2008 56.17
2009 64.73
2010 61.56
2011 57.04
2012 62.73
2013 60.74
2014 58.91
2015 64.44
2016 63.09

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