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

Services, etc., value added (% of GDP) in Brunei was 41.51 as of 2016. Its highest value over the past 42 years was 47.06 in 1998, while its lowest value was 8.15 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
1974 8.15
1975 9.15
1976 8.42
1977 14.21
1978 18.30
1979 14.89
1980 14.54
1981 17.46
1982 19.47
1983 21.70
1984 25.46
1985 26.98
1986 39.27
1987 38.56
1988 45.52
1989 39.24
1990 37.48
1991 39.41
1992 38.64
1993 41.69
1994 44.97
1995 44.57
1996 42.57
1997 42.73
1998 47.06
1999 43.58
2000 35.31
2001 38.82
2002 38.24
2003 34.63
2004 31.02
2005 27.49
2006 26.12
2007 28.01
2008 25.25
2009 33.69
2010 30.61
2011 25.75
2012 26.69
2013 29.29
2014 31.44
2015 37.54
2016 41.51

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