Brazil - Services, value added (% of GDP)

Services, value added (% of GDP) in Brazil was 62.92 as of 2020. Its highest value over the past 60 years was 73.34 in 1993, while its lowest value was 29.97 in 1961.

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 32.35
1961 29.97
1962 45.75
1963 39.71
1964 44.28
1965 41.24
1966 39.93
1967 43.26
1968 41.59
1969 41.74
1970 41.47
1971 42.20
1972 41.44
1973 38.71
1974 39.13
1975 40.35
1976 41.52
1977 41.09
1978 42.82
1979 44.16
1980 40.39
1981 41.76
1982 42.42
1983 43.44
1984 43.33
1985 41.52
1986 40.64
1987 41.25
1988 44.78
1989 48.37
1990 60.50
1991 60.55
1992 68.36
1993 73.34
1994 56.89
1995 58.12
1996 60.32
1997 60.61
1998 61.12
1999 60.20
2000 58.25
2001 57.71
2002 57.35
2003 56.36
2004 54.92
2005 56.08
2006 57.14
2007 57.73
2008 56.80
2009 59.15
2010 57.61
2011 57.57
2012 58.73
2013 59.68
2014 61.25
2015 62.31
2016 63.20
2017 63.34
2018 62.65
2019 63.19
2020 62.92

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