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

Services, etc., value added (% of GDP) in China was 51.63 as of 2016. Its highest value over the past 56 years was 51.63 in 2016, while its lowest value was 22.31 in 1980.

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 32.43
1961 32.27
1962 29.69
1963 27.07
1964 26.64
1965 27.36
1966 24.94
1967 26.31
1968 27.25
1969 27.06
1970 24.93
1971 24.45
1972 24.81
1973 24.25
1974 24.14
1975 22.69
1976 22.60
1977 24.31
1978 24.60
1979 22.34
1980 22.31
1981 22.71
1982 22.59
1983 23.20
1984 25.53
1985 29.35
1986 29.85
1987 30.36
1988 31.24
1989 32.89
1990 32.38
1991 34.48
1992 35.55
1993 34.51
1994 34.36
1995 33.65
1996 33.57
1997 35.00
1998 37.04
1999 38.57
2000 39.79
2001 41.22
2002 42.25
2003 42.03
2004 41.18
2005 41.33
2006 41.82
2007 42.86
2008 42.82
2009 44.33
2010 44.07
2011 44.16
2012 45.31
2013 46.70
2014 47.84
2015 50.24
2016 51.63

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