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

Services, etc., value added (% of GDP) in Finland was 70.20 as of 2016. Its highest value over the past 41 years was 70.43 in 2014, while its lowest value was 50.25 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
1975 50.25
1976 52.25
1977 53.02
1978 53.07
1979 52.63
1980 52.35
1981 53.74
1982 54.48
1983 54.96
1984 55.59
1985 57.13
1986 58.26
1987 59.13
1988 58.92
1989 58.65
1990 60.19
1991 64.01
1992 65.02
1993 64.18
1994 62.98
1995 62.01
1996 63.04
1997 62.57
1998 61.53
1999 61.71
2000 60.46
2001 61.65
2002 62.57
2003 63.21
2004 63.67
2005 63.85
2006 62.96
2007 62.26
2008 63.84
2009 68.02
2010 67.30
2011 68.38
2012 70.23
2013 70.00
2014 70.43
2015 70.42
2016 70.20

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