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

Services, etc., value added (% of GDP) in Guinea-Bissau was 37.34 as of 2016. Its highest value over the past 46 years was 47.09 in 2001, while its lowest value was 20.60 in 1990.

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
1970 31.30
1971 33.07
1972 31.76
1973 32.72
1974 33.13
1975 26.87
1976 36.38
1977 31.21
1978 28.40
1979 28.55
1980 36.06
1981 29.51
1982 38.84
1983 46.11
1984 44.31
1985 37.87
1986 34.96
1987 29.20
1988 27.37
1989 32.96
1990 20.60
1991 36.13
1992 39.91
1993 34.67
1994 32.85
1995 32.75
1996 30.82
1997 30.10
1998 24.94
1999 28.42
2000 42.81
2001 47.09
2002 40.10
2003 39.01
2004 40.62
2005 39.88
2006 42.38
2007 42.34
2008 38.66
2009 41.44
2010 39.36
2011 40.25
2012 37.27
2013 39.44
2014 41.80
2015 37.32
2016 37.34

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