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

Services, etc., value added (% of GDP) in Congo was 41.07 as of 2016. Its highest value over the past 56 years was 62.84 in 1969, while its lowest value was 18.91 in 2008.

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 59.37
1961 61.50
1962 62.30
1963 61.27
1964 61.09
1965 61.93
1966 61.07
1967 60.27
1968 61.09
1969 62.84
1970 58.16
1971 60.99
1972 62.32
1973 62.17
1974 59.47
1975 53.10
1976 48.92
1977 52.93
1978 54.46
1979 49.29
1980 41.70
1981 41.22
1982 39.58
1983 38.09
1984 36.49
1985 38.64
1986 55.26
1987 52.27
1988 56.22
1989 49.09
1990 46.50
1991 52.65
1992 52.96
1993 53.45
1994 44.20
1995 44.68
1996 39.17
1997 34.00
1998 42.99
1999 30.37
2000 22.54
2001 28.71
2002 30.42
2003 32.55
2004 28.63
2005 23.57
2006 20.54
2007 22.43
2008 18.91
2009 24.38
2010 20.79
2011 19.99
2012 21.31
2013 23.62
2014 25.75
2015 38.08
2016 41.07

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