Netherlands - Services, value added (% of GDP)

Services, value added (% of GDP) in Netherlands was 69.85 as of 2020. Its highest value over the past 51 years was 70.22 in 2016, while its lowest value was 52.58 in 1969.

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
1969 52.58
1970 53.62
1971 53.94
1972 54.53
1973 55.27
1974 54.67
1975 57.06
1976 56.74
1977 58.07
1978 59.36
1979 59.57
1980 59.25
1981 58.64
1982 59.63
1983 60.40
1984 59.13
1985 59.09
1986 61.10
1987 62.61
1988 62.39
1989 62.15
1990 62.07
1991 62.73
1992 63.66
1993 64.36
1994 64.36
1995 63.64
1996 63.79
1997 64.51
1998 65.21
1999 65.63
2000 65.75
2001 65.20
2002 66.25
2003 66.59
2004 66.71
2005 66.32
2006 65.91
2007 66.26
2008 66.22
2009 67.95
2010 68.37
2011 68.45
2012 68.73
2013 69.07
2014 69.91
2015 70.06
2016 70.22
2017 70.07
2018 70.03
2019 69.97
2020 69.85

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. 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