Jordan - Services, value added (% of GDP)

Services, value added (% of GDP) in Jordan was 61.59 as of 2020. Its highest value over the past 55 years was 64.44 in 2005, while its lowest value was 57.17 in 1992.

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
1965 59.80
1966 62.68
1967 61.97
1968 60.33
1969 60.58
1970 64.19
1971 64.08
1972 61.90
1973 61.53
1974 59.01
1975 59.99
1976 63.69
1977 61.43
1978 61.03
1979 64.33
1980 61.85
1981 60.61
1982 60.64
1983 60.52
1984 61.78
1985 64.09
1986 59.66
1987 59.87
1988 62.45
1989 63.93
1990 59.78
1991 61.18
1992 57.17
1993 58.87
1994 57.27
1995 58.50
1996 60.63
1997 62.95
1998 61.23
1999 61.99
2000 63.81
2001 63.79
2002 63.52
2003 63.97
2004 63.71
2005 64.44
2006 63.23
2007 62.52
2008 58.79
2009 59.73
2010 59.12
2011 58.91
2012 60.27
2013 60.41
2014 60.09
2015 60.14
2016 60.69
2017 60.61
2018 60.71
2019 60.94
2020 61.59

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