Iraq - Services, value added (% of GDP)

Services, value added (% of GDP) in Iraq was 54.26 as of 2020. Its highest value over the past 52 years was 54.26 in 2020, while its lowest value was 10.86 in 2000.

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
1968 37.09
1969 38.84
1970 39.65
1971 36.15
1972 38.89
1973 37.45
1974 25.02
1975 27.38
1976 23.68
1977 24.98
1978 26.18
1979 23.56
1980 22.26
1981 40.26
1982 42.03
1983 44.89
1984 46.72
1985 45.59
1986 52.65
1987 49.26
1988 49.34
1989 49.97
1990 22.27
1991 37.74
1992 30.33
1993 28.10
1994 24.70
1995 15.05
1996 23.95
1997 17.03
1998 19.40
1999 13.57
2000 10.86
2001 16.08
2002 17.82
2003 21.80
2004 31.72
2005 30.02
2006 33.23
2007 35.42
2008 34.27
2009 43.54
2010 39.69
2011 33.48
2012 35.89
2013 37.96
2014 40.11
2015 51.25
2016 50.78
2017 47.03
2018 44.19
2019 44.50
2020 54.26

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