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

Services, etc., value added (% of GDP) in Mexico was 63.42 as of 2016. Its highest value over the past 51 years was 65.22 in 1992, while its lowest value was 52.33 in 1987.

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
1965 59.45
1966 60.07
1967 59.50
1968 59.82
1969 59.80
1970 55.11
1971 56.24
1972 57.13
1973 56.62
1974 55.61
1975 55.80
1976 56.72
1977 55.98
1978 56.35
1979 56.71
1980 57.36
1981 57.86
1982 58.45
1983 56.32
1984 55.66
1985 54.66
1986 54.79
1987 52.33
1988 59.99
1989 62.87
1990 63.73
1991 64.44
1992 65.22
1993 63.65
1994 64.70
1995 63.16
1996 60.59
1997 61.06
1998 61.99
1999 61.98
2000 61.61
2001 63.31
2002 63.55
2003 62.70
2004 61.05
2005 61.46
2006 60.38
2007 60.58
2008 60.15
2009 62.19
2010 61.45
2011 60.33
2012 60.13
2013 62.07
2014 62.13
2015 63.64
2016 63.42

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