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

Services, etc., value added (% of GDP) in Namibia was 61.85 as of 2016. Its highest value over the past 36 years was 66.45 in 1993, while its lowest value was 40.69 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
1980 40.69
1981 49.11
1982 52.89
1983 55.35
1984 57.49
1985 52.74
1986 53.82
1987 57.95
1988 54.48
1989 54.35
1990 58.69
1991 61.15
1992 64.64
1993 66.45
1994 61.80
1995 64.94
1996 65.91
1997 66.07
1998 64.98
1999 65.91
2000 60.22
2001 58.57
2002 56.74
2003 60.71
2004 60.84
2005 59.50
2006 54.89
2007 56.01
2008 54.39
2009 59.43
2010 60.54
2011 61.02
2012 58.93
2013 60.67
2014 61.20
2015 62.47
2016 61.85

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