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

Services, etc., value added (% of GDP) in Morocco was 56.82 as of 2016. Its highest value over the past 36 years was 60.10 in 2007, while its lowest value was 50.40 in 1991.

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
1980 51.57
1981 53.50
1982 52.31
1983 51.88
1984 52.53
1985 51.79
1986 51.50
1987 54.89
1988 51.77
1989 52.13
1990 51.29
1991 50.40
1992 53.42
1993 54.36
1994 51.75
1995 54.66
1996 50.55
1997 52.63
1998 53.05
1999 55.17
2000 56.55
2001 56.78
2002 56.98
2003 55.68
2004 56.00
2005 57.94
2006 57.01
2007 60.10
2008 56.95
2009 58.02
2010 56.94
2011 56.86
2012 57.99
2013 56.60
2014 57.50
2015 56.23
2016 56.82

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