Iran - Services, value added (% of GDP)

Services, value added (% of GDP) in Iran was 54.60 as of 2020. Its highest value over the past 60 years was 58.01 in 1988, while its lowest value was 32.64 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 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 43.51
1961 42.92
1962 42.51
1963 42.67
1964 44.03
1965 44.59
1966 44.27
1967 43.87
1968 43.47
1969 42.79
1970 42.60
1971 40.76
1972 42.05
1973 35.35
1974 32.64
1975 38.24
1976 37.43
1977 41.43
1978 48.33
1979 48.63
1980 55.13
1981 52.56
1982 46.46
1983 48.66
1984 50.70
1985 53.86
1986 57.01
1987 56.06
1988 58.01
1989 56.09
1990 53.20
1991 53.26
1992 52.66
1993 48.69
1994 48.21
1995 49.90
1996 48.81
1997 52.48
1998 57.17
1999 53.44
2000 51.42
2001 52.32
2002 47.70
2003 48.77
2004 47.92
2005 47.98
2006 49.13
2007 47.61
2008 48.64
2009 51.48
2010 51.14
2011 48.67
2012 50.83
2013 48.34
2014 49.90
2015 55.91
2016 55.24
2017 54.35
2018 53.50
2019 55.83
2020 54.60

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