Gabon - Services, value added (% of GDP)

Services, value added (% of GDP) in Gabon was 45.73 as of 2020. Its highest value over the past 60 years was 53.97 in 1988, while its lowest value was 17.78 in 1963.

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 33.90
1961 33.22
1962 33.51
1963 17.78
1964 39.07
1965 39.82
1966 39.90
1967 38.02
1968 36.08
1969 35.79
1970 33.85
1971 40.63
1972 35.67
1973 40.53
1974 28.44
1975 31.31
1976 32.64
1977 36.28
1978 35.66
1979 30.79
1980 32.81
1981 35.47
1982 33.24
1983 36.66
1984 34.20
1985 26.72
1986 43.25
1987 40.16
1988 53.97
1989 49.58
1990 49.68
1991 47.76
1992 48.43
1993 46.27
1994 38.29
1995 39.60
1996 37.54
1997 39.13
1998 49.84
1999 43.89
2000 37.53
2001 37.94
2002 38.87
2003 38.82
2004 36.28
2005 29.57
2006 30.92
2007 31.35
2008 28.98
2009 36.82
2010 30.83
2011 25.63
2012 27.46
2013 29.61
2014 32.68
2015 39.03
2016 41.74
2017 42.65
2018 41.12
2019 40.97
2020 45.73

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