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

Services, etc., value added (% of GDP) in Ghana was 52.24 as of 2016. Its highest value over the past 51 years was 52.24 in 2016, while its lowest value was 21.88 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. 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
1965 28.79
1966 31.73
1967 32.09
1968 29.88
1969 25.94
1970 24.97
1971 29.01
1972 27.87
1973 26.52
1974 23.88
1975 23.49
1976 22.21
1977 21.88
1978 22.07
1979 23.63
1980 27.64
1981 35.20
1982 34.18
1984 36.94
1985 33.58
1986 34.73
1987 32.94
1988 33.68
1989 33.70
1990 38.08
1991 37.46
1992 37.59
1993 30.83
1994 30.36
1995 30.55
1996 29.56
1997 31.22
1998 31.54
1999 31.71
2000 32.20
2001 32.54
2002 32.59
2003 32.00
2004 31.39
2005 31.60
2006 47.60
2007 49.03
2008 47.35
2009 47.44
2010 49.36
2011 47.73
2012 47.46
2013 48.11
2014 49.93
2015 51.42
2016 52.24

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