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

Services, etc., value added (% of GDP) in India was 53.80 as of 2016. Its highest value over the past 56 years was 53.80 in 2016, while its lowest value was 31.02 in 1973.

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
1960 32.82
1961 32.88
1962 34.03
1963 32.87
1964 32.00
1965 33.17
1966 32.68
1967 31.40
1968 31.76
1969 31.10
1970 32.04
1971 32.87
1972 32.80
1973 31.02
1974 32.56
1975 34.49
1976 34.92
1977 33.83
1978 34.25
1979 35.26
1980 34.30
1981 34.67
1982 35.82
1983 35.09
1984 36.06
1985 37.28
1986 38.25
1987 38.78
1988 37.88
1989 38.28
1990 38.27
1991 39.19
1992 39.43
1993 39.81
1994 39.15
1995 40.05
1996 40.11
1997 41.62
1998 42.52
1999 44.47
2000 45.08
2001 46.28
2002 47.29
2003 47.43
2004 46.92
2005 46.90
2006 46.60
2007 46.40
2008 47.78
2009 48.46
2010 48.70
2011 48.97
2012 50.03
2013 50.62
2014 51.80
2015 52.93
2016 53.80

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