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

Services, etc., value added (% of GDP) in Norway was 65.62 as of 2016. Its highest value over the past 46 years was 65.62 in 1993, while its lowest value was 53.95 in 2006.

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
1970 63.37
1971 63.85
1972 64.41
1973 64.54
1974 63.79
1975 62.57
1976 62.67
1977 62.78
1978 61.81
1979 59.57
1980 57.73
1981 57.61
1982 57.74
1983 57.24
1984 55.50
1985 56.19
1986 62.60
1987 63.38
1988 65.11
1989 63.76
1990 63.41
1991 64.70
1992 65.31
1993 65.62
1994 65.02
1995 63.81
1996 61.74
1997 61.34
1998 65.44
1999 63.56
2000 56.56
2001 58.35
2002 60.59
2003 60.82
2004 59.00
2005 55.85
2006 53.95
2007 56.72
2008 54.01
2009 60.16
2010 59.24
2011 57.15
2012 57.69
2013 58.78
2014 60.41
2015 63.52
2016 65.62

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