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

Services, etc., value added (% of GDP) in Burkina Faso was 43.03 as of 2016. Its highest value over the past 56 years was 52.13 in 1982, while its lowest value was 38.41 in 1964.

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 39.59
1961 39.80
1962 40.31
1963 38.42
1964 38.41
1965 43.20
1966 42.41
1967 43.18
1968 44.38
1969 44.21
1970 45.78
1971 42.65
1972 42.56
1973 41.72
1974 43.67
1975 42.43
1976 41.12
1977 46.89
1978 45.34
1979 48.45
1980 50.11
1981 49.94
1982 52.13
1983 50.97
1984 50.49
1985 44.85
1986 47.34
1987 47.71
1988 47.51
1989 47.96
1990 49.62
1991 48.59
1992 48.61
1993 48.02
1994 42.47
1995 42.65
1996 40.58
1997 41.78
1998 41.11
1999 42.20
2000 45.66
2001 43.47
2002 43.93
2003 41.74
2004 44.30
2005 42.99
2006 45.65
2007 48.38
2008 43.58
2009 45.10
2010 41.38
2011 39.00
2012 40.03
2013 43.35
2014 43.15
2015 45.08
2016 43.03

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