Oman - Services, value added (% of GDP)

Services, value added (% of GDP) in Oman was 54.72 as of 2020. Its highest value over the past 59 years was 87.73 in 1961, while its lowest value was 16.73 in 1974.

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
1961 87.73
1962 74.13
1963 72.43
1964 72.40
1965 73.01
1966 71.07
1967 45.10
1968 24.78
1969 21.50
1970 21.54
1971 23.18
1972 27.63
1973 27.80
1974 16.73
1975 22.11
1976 29.27
1977 32.62
1978 36.87
1979 34.41
1980 29.41
1998 52.55
1999 47.13
2000 39.99
2001 42.42
2002 43.58
2003 43.67
2004 43.03
2005 37.11
2006 36.61
2007 39.02
2008 32.90
2009 41.11
2010 39.94
2011 37.01
2012 37.48
2013 39.73
2014 42.31
2015 50.12
2016 53.33
2017 52.02
2018 47.51
2019 50.67
2020 54.72

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