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

Services, etc., value added (% of GDP) in Malawi was 56.10 as of 2016. Its highest value over the past 56 years was 56.10 in 2016, while its lowest value was 18.58 in 1979.

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 39.64
1961 39.25
1962 39.64
1963 39.86
1964 37.43
1965 36.79
1966 38.12
1967 38.01
1968 38.78
1969 39.05
1970 38.56
1971 39.87
1972 36.93
1973 41.61
1974 41.77
1975 42.43
1976 42.28
1977 39.55
1978 40.98
1979 18.58
1980 33.72
1981 38.47
1982 37.88
1983 36.25
1984 37.89
1985 35.18
1986 35.37
1987 26.08
1988 26.00
1989 24.40
1990 26.11
1991 29.37
1992 29.66
1993 26.99
1994 53.23
1995 49.95
1996 45.97
1997 49.33
1998 46.14
1999 43.93
2000 42.54
2001 44.53
2002 41.39
2003 41.78
2004 43.89
2005 46.13
2006 47.42
2007 49.37
2008 50.33
2009 50.66
2010 51.68
2011 52.01
2012 53.17
2013 53.37
2014 53.46
2015 54.28
2016 56.10

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