Botswana - Services, value added (% of GDP)

Services, value added (% of GDP) in Botswana was 65.18 as of 2020. Its highest value over the past 60 years was 65.18 in 2020, while its lowest value was 26.94 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 or 4.

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

See also:

Year Value
1960 43.12
1961 45.91
1962 48.49
1963 50.54
1964 48.30
1965 46.95
1966 46.34
1967 43.76
1968 43.89
1969 41.76
1970 39.45
1971 39.43
1972 39.38
1973 40.04
1974 40.32
1975 33.64
1976 35.46
1977 35.71
1978 33.66
1979 30.56
1980 29.91
1981 33.32
1982 34.44
1983 32.75
1984 31.55
1985 30.05
1986 29.73
1987 28.95
1988 26.94
1989 28.45
1990 31.83
1991 32.93
1992 34.71
1993 37.86
1994 45.36
1995 46.26
1996 44.78
1997 44.14
1998 46.10
1999 44.41
2000 42.75
2001 45.29
2002 47.60
2003 49.70
2004 47.95
2005 45.28
2006 45.20
2007 45.77
2008 50.07
2009 56.85
2010 55.01
2011 52.72
2012 57.67
2013 56.66
2014 53.55
2015 57.03
2016 54.12
2017 56.92
2018 58.22
2019 61.09
2020 65.18

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