Egypt - Services, value added (% of GDP)

Services, value added (% of GDP) in Egypt was 51.76 as of 2020. Its highest value over the past 60 years was 54.48 in 2016, while its lowest value was 37.15 in 1969.

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 41.19
1961 40.94
1962 40.71
1963 40.08
1964 39.53
1965 38.40
1966 38.96
1967 39.58
1968 38.06
1969 37.15
1970 42.06
1971 43.13
1972 43.82
1973 41.15
1974 42.46
1975 42.30
1976 42.15
1977 40.61
1978 42.69
1979 40.88
1980 40.81
1981 41.69
1982 47.76
1983 47.90
1984 48.32
1985 48.84
1986 48.68
1987 50.22
1988 49.68
1989 49.74
1990 49.63
1991 48.67
1992 47.22
1993 47.29
1994 46.91
1995 47.68
1996 47.73
1997 48.15
1998 48.29
1999 47.56
2000 46.53
2001 46.46
2002 45.99
2003 44.90
2004 45.09
2005 45.93
2006 44.69
2007 46.89
2008 46.67
2009 46.57
2010 46.23
2011 45.72
2012 51.77
2013 52.30
2014 52.32
2015 53.17
2016 54.48
2017 53.24
2018 51.50
2019 50.47
2020 51.76

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