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

Services, etc., value added (% of GDP) in Burundi was 43.68 as of 2016. Its highest value over the past 46 years was 44.63 in 2007, while its lowest value was 19.20 in 1970.

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
1970 19.20
1971 20.30
1972 23.07
1973 19.56
1974 21.05
1975 20.85
1976 22.42
1977 22.16
1978 23.19
1979 22.81
1980 25.13
1981 25.27
1982 27.70
1983 27.25
1984 26.03
1985 25.46
1986 27.96
1987 27.76
1988 29.09
1989 26.66
1990 25.16
1991 26.09
1992 25.29
1993 24.93
1994 30.74
1995 32.61
1996 30.15
1997 36.65
1998 36.13
1999 35.90
2000 35.01
2001 37.07
2002 37.52
2003 36.61
2004 36.85
2005 37.05
2006 38.95
2007 44.63
2008 43.43
2009 42.84
2010 42.85
2011 42.75
2012 42.53
2013 42.44
2014 42.43
2015 43.12
2016 43.68

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