Bulgaria - Services, value added (% of GDP)

Services, value added (% of GDP) in Bulgaria was 61.25 as of 2020. Its highest value over the past 40 years was 65.93 in 1996, while its lowest value was 21.37 in 1986.

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
1980 30.49
1981 29.00
1982 24.99
1983 25.10
1984 24.07
1985 25.14
1986 21.37
1987 30.06
1988 32.48
1989 32.74
1990 35.20
1991 35.70
1992 39.12
1993 45.29
1994 44.68
1995 65.28
1996 65.93
1997 49.09
1998 54.44
1999 53.40
2000 54.02
2001 53.49
2002 55.26
2003 53.85
2004 54.05
2005 53.53
2006 52.94
2007 53.96
2008 53.26
2009 56.09
2010 59.50
2011 57.59
2012 57.18
2013 58.18
2014 58.73
2015 58.29
2016 57.61
2017 57.98
2018 60.86
2019 61.42
2020 61.25

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