Paraguay - Services, value added (% of GDP)

Services, value added (% of GDP) in Paraguay was 48.28 as of 2020. Its highest value over the past 58 years was 49.56 in 2019, while its lowest value was 37.39 in 1973.

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
1962 38.92
1963 38.03
1964 38.75
1965 39.49
1966 39.59
1967 40.42
1968 40.95
1969 40.80
1970 40.74
1971 39.80
1972 39.65
1973 37.39
1974 38.46
1975 38.41
1976 39.58
1977 39.09
1978 39.34
1979 39.34
1980 39.89
1981 41.12
1982 42.05
1983 43.21
1984 42.68
1985 43.21
1986 44.62
1987 43.95
1988 42.00
1989 41.42
1990 42.06
1991 41.35
1992 44.02
1993 44.09
1994 42.07
1995 41.55
1996 42.57
1997 44.59
1998 44.67
1999 44.47
2000 44.91
2001 43.62
2002 41.37
2003 40.79
2004 41.01
2005 41.80
2006 43.64
2007 43.77
2008 43.33
2009 46.44
2010 45.35
2011 44.86
2012 48.14
2013 46.98
2014 47.12
2015 48.64
2016 47.63
2017 47.96
2018 48.88
2019 49.56
2020 48.28

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