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

Services, etc., value added (% of GDP) in Papua New Guinea was 47.51 as of 2014. Its highest value over the past 53 years was 52.44 in 2013, while its lowest value was 22.81 in 2000.

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
1961 35.90
1962 36.72
1963 38.85
1964 39.94
1965 38.45
1966 35.88
1967 35.59
1968 35.94
1969 36.93
1970 37.63
1971 37.77
1972 36.19
1973 32.80
1974 34.04
1975 38.43
1976 39.79
1977 36.89
1978 34.63
1979 33.16
1980 35.91
1981 39.23
1982 39.71
1983 34.81
1984 33.91
1985 34.91
1986 33.51
1987 32.18
1988 30.48
1989 38.22
1990 36.75
1991 36.03
1992 32.65
1993 30.74
1994 32.32
1995 30.86
1996 30.05
1997 31.59
1998 31.51
1999 26.83
2000 22.81
2001 23.17
2002 23.34
2003 23.12
2004 23.33
2006 42.52
2007 43.96
2008 43.66
2009 46.82
2010 45.54
2011 48.20
2012 51.43
2013 52.44
2014 47.51

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