Mexico - Services, value added (% of GDP)

Services, value added (% of GDP) in Mexico was 60.16 as of 2020. Its highest value over the past 55 years was 61.81 in 1992, while its lowest value was 52.46 in 1970.

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
1965 56.89
1966 57.67
1967 56.87
1968 57.05
1969 57.07
1970 52.46
1971 53.53
1972 54.28
1973 53.75
1974 53.02
1975 52.61
1976 53.73
1977 52.74
1978 53.02
1979 52.88
1980 59.88
1981 60.73
1982 61.26
1983 59.13
1984 58.82
1985 57.96
1986 58.47
1987 55.89
1988 57.00
1989 58.67
1990 59.69
1991 60.38
1992 61.81
1993 58.02
1994 58.46
1995 58.73
1996 57.18
1997 56.86
1998 56.95
1999 57.01
2000 57.80
2001 58.39
2002 58.85
2003 60.42
2004 59.39
2005 60.01
2006 58.97
2007 59.19
2008 59.52
2009 60.72
2010 60.36
2011 59.91
2012 60.00
2013 61.11
2014 60.21
2015 61.04
2016 60.76
2017 60.15
2018 59.93
2019 59.92
2020 60.16

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