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

Services, etc., value added (% of GDP) in Iran was 55.04 as of 2016. Its highest value over the past 56 years was 58.87 in 1988, while its lowest value was 29.94 in 1974.

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 45.21
1961 44.32
1962 43.73
1963 43.81
1964 45.03
1965 45.67
1966 45.62
1967 44.99
1968 44.39
1969 43.41
1970 42.89
1971 40.79
1972 41.54
1973 34.01
1974 29.94
1975 35.35
1976 34.95
1977 39.23
1978 45.26
1979 45.64
1980 52.76
1981 50.89
1982 45.74
1983 49.38
1984 51.60
1985 55.11
1986 58.42
1987 57.40
1988 58.87
1989 57.20
1990 53.72
1991 53.43
1992 53.13
1993 47.61
1994 46.54
1995 48.54
1996 47.69
1997 51.34
1998 55.86
1999 52.40
2000 50.31
2001 51.30
2002 46.18
2003 46.89
2004 45.44
2005 44.70
2006 45.62
2007 44.85
2008 46.29
2009 49.56
2010 48.83
2011 46.36
2012 48.63
2013 46.88
2014 49.47
2015 55.43
2016 55.04

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