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

Services, etc., value added (% of GDP) in Chile was 64.40 as of 2016. Its highest value over the past 56 years was 64.40 in 2016, while its lowest value was 43.57 in 1974.

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 52.27
1961 52.70
1962 51.67
1963 51.22
1964 50.04
1965 50.07
1966 49.97
1967 50.01
1968 49.70
1969 49.00
1970 50.22
1971 52.10
1972 52.75
1973 51.02
1974 43.57
1975 53.58
1976 49.66
1977 51.71
1978 54.03
1979 52.86
1980 52.86
1981 54.61
1982 55.73
1983 52.84
1984 50.85
1985 50.41
1986 50.49
1987 49.30
1988 45.24
1989 46.95
1990 47.30
1991 48.30
1992 50.38
1993 51.58
1994 50.81
1995 49.87
1996 56.21
1997 56.88
1998 59.52
1999 60.19
2000 59.51
2001 60.23
2002 59.97
2003 58.66
2004 56.35
2005 55.21
2006 51.21
2007 52.62
2008 58.53
2009 58.56
2010 57.31
2011 58.23
2012 60.82
2013 62.22
2014 62.00
2015 63.27
2016 64.40

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