El Salvador - Services, value added (% of GDP)

Services, value added (% of GDP) in El Salvador was 61.51 as of 2020. Its highest value over the past 55 years was 61.51 in 2020, while its lowest value was 34.09 in 1977.

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
1965 35.48
1966 36.47
1967 36.84
1968 37.97
1969 38.73
1970 35.30
1971 36.00
1972 36.36
1973 35.89
1974 37.58
1975 38.15
1976 36.67
1977 34.09
1978 37.94
1979 37.44
1980 40.10
1981 43.13
1982 45.25
1983 46.47
1984 48.50
1985 49.73
1986 49.88
1987 53.66
1988 53.65
1989 55.17
1990 54.66
1991 54.68
1992 54.93
1993 53.50
1994 53.67
1995 54.31
1996 55.28
1997 56.23
1998 56.91
1999 57.88
2000 58.57
2001 58.43
2002 59.11
2003 59.23
2004 60.50
2005 60.54
2006 60.28
2007 59.42
2008 58.72
2009 60.98
2010 59.50
2011 57.84
2012 58.34
2013 59.55
2014 59.42
2015 60.01
2016 60.33
2017 60.12
2018 60.11
2019 60.38
2020 61.51

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