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

Services, etc., value added (% of GDP) in Nepal was 52.26 as of 2016. Its highest value over the past 56 years was 100.00 in 1964, while its lowest value was 20.07 in 1975.

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
1960 100.00
1961 100.00
1962 100.00
1963 100.00
1964 100.00
1965 23.50
1966 20.22
1967 22.85
1968 21.34
1969 21.64
1970 21.18
1971 22.61
1972 21.24
1973 23.51
1974 20.50
1975 20.07
1976 21.85
1977 24.88
1978 25.02
1979 23.70
1980 26.31
1981 26.73
1982 26.14
1983 26.90
1984 26.41
1985 33.18
1986 32.67
1987 33.45
1988 32.93
1989 33.09
1990 32.13
1991 35.42
1992 34.74
1993 37.11
1994 35.22
1995 35.49
1996 35.58
1997 35.70
1998 37.60
1999 36.90
2000 37.05
2001 44.56
2002 43.32
2003 44.31
2004 44.97
2005 45.96
2006 48.16
2007 49.35
2008 49.94
2009 49.59
2010 47.84
2011 46.26
2012 47.99
2013 49.22
2014 50.74
2015 51.66
2016 52.26

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