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

Services, etc., value added (% of GDP) in New Zealand was 71.44 as of 2014. Its highest value over the past 43 years was 71.44 in 2014, while its lowest value was 51.88 in 1972.

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
1971 52.52
1972 51.88
1973 53.50
1974 54.91
1975 55.15
1976 53.31
1977 54.36
1978 55.40
1979 53.40
1980 54.95
1981 54.85
1982 55.32
1983 55.97
1984 55.13
1985 58.46
1986 61.14
1987 62.58
1988 63.58
1989 62.95
1990 64.98
1991 64.63
1992 64.84
1993 64.18
1994 64.32
1995 65.26
1996 65.96
1997 66.67
1998 68.01
1999 67.40
2000 66.35
2001 66.64
2002 68.02
2003 68.79
2004 68.84
2005 69.32
2006 69.71
2007 68.62
2008 69.51
2009 70.68
2010 69.85
2011 70.21
2012 71.05
2013 70.09
2014 71.44

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