Nepal - Services, value added (% of GDP)

Services, value added (% of GDP) in Nepal was 53.31 as of 2020. Its highest value over the past 60 years was 98.62 in 1961, while its lowest value was 19.30 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 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 98.61
1961 98.62
1962 98.61
1963 98.61
1964 98.61
1965 23.17
1966 19.70
1967 22.53
1968 21.02
1969 21.20
1970 21.04
1971 22.20
1972 20.75
1973 23.03
1974 19.89
1975 19.30
1976 20.84
1977 23.41
1978 23.37
1979 22.17
1980 24.66
1981 24.93
1982 24.49
1983 25.21
1984 24.81
1985 31.35
1986 30.91
1987 31.62
1988 30.92
1989 31.33
1990 30.37
1991 33.55
1992 33.03
1993 35.06
1994 33.07
1995 33.18
1996 33.37
1997 33.42
1998 35.23
1999 34.58
2000 34.71
2001 44.45
2002 43.55
2003 44.13
2004 45.17
2005 45.83
2006 47.93
2007 48.78
2008 49.20
2009 48.61
2010 46.40
2011 47.80
2012 47.99
2013 48.76
2014 49.56
2015 50.54
2016 51.60
2017 51.85
2018 51.59
2019 52.02
2020 53.31

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