Central African Republic - Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Central African Republic was 41.10 as of 2016. Its highest value over the past 51 years was 45.23 in 1982, while its lowest value was 29.38 in 2003.

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
1965 38.22
1966 36.09
1967 36.34
1968 33.50
1969 34.40
1970 38.46
1971 35.83
1972 34.24
1973 34.03
1974 38.00
1975 39.34
1976 39.62
1977 40.07
1978 37.96
1979 38.38
1980 39.94
1981 41.42
1982 45.23
1983 44.95
1984 42.97
1985 36.48
1986 36.27
1987 37.18
1988 34.08
1989 32.91
1990 30.37
1991 32.77
1992 32.06
1993 31.70
1994 32.89
1995 32.26
1996 31.60
1997 30.62
1998 29.89
1999 33.84
2000 33.27
2001 32.25
2002 32.39
2003 29.38
2004 30.19
2005 30.79
2006 30.56
2007 31.34
2008 30.92
2009 31.66
2010 31.99
2011 31.62
2012 32.26
2013 36.67
2014 41.19
2015 41.21
2016 41.10

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