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

Services, value added (% of GDP) in Burkina Faso was 40.83 as of 2020. Its highest value over the past 60 years was 50.49 in 1982, while its lowest value was 36.65 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 or 4.

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

See also:

Year Value
1960 38.27
1961 38.48
1962 38.65
1963 36.88
1964 36.65
1965 41.15
1966 40.71
1967 42.18
1968 43.33
1969 43.16
1970 44.55
1971 40.79
1972 40.92
1973 39.79
1974 41.71
1975 40.40
1976 38.75
1977 43.91
1978 42.78
1979 47.02
1980 48.47
1981 48.45
1982 50.49
1983 49.86
1984 49.43
1985 43.22
1986 45.03
1987 45.95
1988 45.31
1989 45.85
1990 47.59
1991 46.36
1992 46.41
1993 46.28
1994 39.39
1995 39.53
1996 37.47
1997 38.33
1998 37.99
1999 43.95
2000 47.74
2001 46.39
2002 46.60
2003 44.91
2004 46.48
2005 44.55
2006 47.14
2007 48.18
2008 45.07
2009 45.89
2010 42.12
2011 40.56
2012 40.32
2013 41.56
2014 42.50
2015 44.08
2016 43.81
2017 43.97
2018 43.55
2019 44.87
2020 40.83

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