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

Services, etc., value added (% of GDP) in Malta was 84.04 as of 2016. Its highest value over the past 46 years was 84.04 in 2016, while its lowest value was 27.00 in 1976.

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
1970 40.53
1971 45.08
1972 38.55
1973 36.36
1974 32.32
1975 29.09
1976 27.00
1977 28.01
1978 29.32
1979 30.45
1980 32.03
1981 34.21
1982 34.99
1983 36.96
1984 35.93
1985 36.42
1986 35.77
1987 37.92
1988 39.00
1989 38.88
1990 40.68
1991 41.48
1992 45.37
1993 47.10
1994 45.91
1995 67.98
1996 68.74
1997 68.95
1998 68.90
1999 70.07
2000 67.87
2001 70.82
2002 70.00
2003 70.07
2004 72.73
2005 74.27
2006 75.39
2007 76.79
2008 76.56
2009 78.04
2010 78.24
2011 79.05
2012 81.10
2013 81.72
2014 83.00
2015 83.47
2016 84.04

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