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

Services, etc., value added (% of GDP) in Jordan was 66.76 as of 2016. Its highest value over the past 51 years was 72.11 in 2000, while its lowest value was 63.46 in 2008.

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
1965 65.26
1966 68.77
1967 66.67
1968 65.89
1969 65.94
1970 69.38
1971 69.04
1972 66.78
1973 66.99
1974 65.50
1975 68.42
1976 70.03
1977 68.80
1978 66.66
1979 69.56
1980 67.99
1981 66.64
1982 65.89
1983 66.27
1984 66.74
1985 69.91
1986 67.50
1987 67.03
1988 69.40
1989 68.73
1990 66.05
1991 67.47
1992 64.64
1993 66.58
1994 65.64
1995 66.75
1996 70.04
1997 70.84
1998 70.49
1999 71.70
2000 72.11
2001 71.97
2002 70.36
2003 70.12
2004 68.59
2005 68.76
2006 68.07
2007 65.54
2008 63.46
2009 64.87
2010 65.86
2011 65.57
2012 66.81
2013 66.91
2014 66.43
2015 66.19
2016 66.76

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