Peru - Services, value added (% of GDP)

Services, value added (% of GDP) in Peru was 54.12 as of 2020. Its highest value over the past 60 years was 88.72 in 1977, while its lowest value was 38.07 in 1979.

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
1960 44.31
1961 44.07
1962 45.22
1963 47.52
1964 46.71
1965 47.10
1966 46.57
1967 45.46
1968 45.43
1969 44.52
1970 44.52
1971 45.21
1972 45.73
1973 45.12
1974 45.36
1975 47.05
1976 46.10
1977 88.72
1978 43.19
1979 38.07
1991 58.38
1992 56.85
1993 54.82
1994 52.69
1995 52.92
1996 53.08
1997 53.02
1998 53.52
1999 54.00
2000 54.03
2001 54.52
2002 54.49
2003 53.96
2004 51.39
2005 49.84
2006 47.42
2007 47.31
2008 48.36
2009 50.74
2010 48.94
2011 47.76
2012 49.13
2013 50.52
2014 52.39
2015 54.04
2016 54.31
2017 53.93
2018 53.52
2019 54.37
2020 54.12

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