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

Services, etc., value added (% of GDP) in Dominican Republic was 67.85 as of 2016. Its highest value over the past 56 years was 100.00 in 1964, while its lowest value was 39.65 in 1975.

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 100.00
1961 100.00
1962 100.00
1963 100.00
1964 100.00
1965 50.09
1966 46.71
1967 46.16
1968 47.17
1969 45.42
1970 44.65
1971 44.80
1972 46.24
1973 44.28
1974 41.42
1975 39.65
1976 44.15
1977 45.04
1978 48.08
1979 46.90
1980 47.55
1981 50.07
1982 50.75
1983 50.45
1984 49.24
1985 65.61
1986 54.86
1987 64.89
1988 55.60
1989 50.71
1990 51.53
1991 51.66
1992 53.44
1993 54.93
1994 55.29
1995 56.20
1996 55.64
1997 56.95
1998 56.76
1999 57.35
2000 59.27
2001 61.13
2002 60.47
2003 62.76
2004 62.71
2005 62.99
2006 63.32
2007 61.88
2008 63.51
2009 65.56
2010 65.88
2011 66.18
2012 66.93
2013 66.53
2014 66.08
2015 66.91
2016 67.85

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