Chile - Services, value added (% of GDP)

Services, value added (% of GDP) in Chile was 56.48 as of 2020. Its highest value over the past 60 years was 59.80 in 1982, while its lowest value was 44.44 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 or 4.

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

See also:

Year Value
1960 52.12
1961 52.56
1962 51.50
1963 50.98
1964 50.10
1965 50.25
1966 49.76
1967 49.73
1968 49.69
1969 49.40
1970 50.48
1971 52.47
1972 53.30
1973 51.72
1974 44.44
1975 54.56
1976 50.35
1977 52.38
1978 54.17
1979 53.92
1980 55.11
1981 57.60
1982 59.80
1983 52.90
1984 49.28
1985 50.16
1986 51.66
1987 50.33
1988 45.93
1989 47.37
1990 47.13
1991 46.61
1992 48.20
1993 49.33
1994 49.28
1995 48.34
1996 50.99
1997 51.75
1998 53.82
1999 54.71
2000 54.10
2001 54.87
2002 54.53
2003 53.73
2004 51.72
2005 50.52
2006 47.21
2007 48.49
2008 53.57
2009 53.95
2010 52.78
2011 53.49
2012 55.63
2013 56.95
2014 56.70
2015 57.89
2016 58.60
2017 57.94
2018 58.33
2019 58.78
2020 56.48

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