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

Services, etc., value added (% of GDP) in Malaysia was 53.01 as of 2016. Its highest value over the past 56 years was 53.01 in 2016, while its lowest value was 18.04 in 1980.

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 40.90
1961 39.39
1962 38.16
1963 33.10
1964 33.42
1965 31.53
1966 31.36
1967 35.80
1968 36.83
1969 35.00
1970 35.16
1971 31.15
1972 29.64
1973 29.03
1974 19.81
1975 22.63
1976 22.14
1977 21.00
1978 19.01
1979 18.77
1980 18.04
1981 21.79
1982 25.91
1983 25.48
1984 40.42
1985 40.48
1986 40.58
1987 41.51
1988 41.57
1989 42.11
1990 42.59
1991 43.54
1992 44.28
1993 46.13
1994 46.30
1995 45.65
1996 44.79
1997 44.32
1998 42.81
1999 42.70
2000 43.08
2001 45.79
2002 45.90
2003 44.12
2004 42.20
2005 45.81
2006 45.29
2007 47.80
2008 47.12
2009 52.32
2010 49.41
2011 48.72
2012 50.07
2013 51.00
2014 51.20
2015 52.44
2016 53.01

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