Malawi - Services, value added (% of GDP)

Services, value added (% of GDP) in Malawi was 52.61 as of 2020. Its highest value over the past 60 years was 53.53 in 2018, while its lowest value was 16.53 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 or 4.

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

See also:

Year Value
1960 38.32
1961 37.93
1962 38.30
1963 38.52
1964 36.16
1965 35.33
1966 36.99
1967 36.03
1968 36.81
1969 36.79
1970 35.94
1971 37.06
1972 34.41
1973 38.96
1974 39.22
1975 39.63
1976 39.95
1977 37.16
1978 38.00
1979 16.53
1980 30.25
1981 34.73
1982 34.35
1983 32.73
1984 33.94
1985 31.27
1986 31.81
1987 22.91
1988 22.58
1989 20.74
1990 22.33
1991 26.63
1992 26.69
1993 24.71
1994 47.43
1995 44.15
1996 41.64
1997 45.88
1998 41.74
1999 39.93
2000 38.37
2001 40.51
2002 39.28
2003 38.90
2004 39.39
2005 40.92
2006 42.54
2007 44.45
2008 46.66
2009 46.97
2010 47.94
2011 47.89
2012 49.19
2013 49.74
2014 49.80
2015 50.20
2016 51.85
2017 53.12
2018 53.53
2019 52.41
2020 52.61

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