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

Services, etc., value added (% of GDP) in Pakistan was 56.00 as of 2016. Its highest value over the past 56 years was 56.04 in 2006, while its lowest value was 37.98 in 1964.

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
1960 38.18
1961 38.17
1962 38.74
1963 38.21
1964 37.98
1965 39.73
1966 42.32
1967 41.63
1968 40.52
1969 40.75
1970 40.85
1971 41.34
1972 41.91
1973 42.03
1974 43.16
1975 44.51
1976 44.15
1977 44.80
1978 45.58
1979 45.99
1980 45.56
1981 46.57
1982 46.18
1983 47.67
1984 49.38
1985 49.00
1986 49.03
1987 49.73
1988 49.60
1989 49.16
1990 48.83
1991 48.78
1992 48.63
1993 50.29
1994 50.19
1995 50.06
1996 50.35
1997 49.79
1998 48.89
1999 49.23
2000 50.74
2001 51.89
2002 52.78
2003 52.73
2004 50.83
2005 51.43
2006 56.04
2007 55.81
2008 54.56
2009 55.89
2010 55.13
2011 52.74
2012 53.40
2013 54.14
2014 54.15
2015 54.87
2016 56.00

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