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

Services, etc., value added (% of GDP) in Saudi Arabia was 54.03 as of 2016. Its highest value over the past 48 years was 57.25 in 1986, while its lowest value was 16.04 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. 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
1968 33.02
1969 33.97
1970 37.41
1971 31.31
1972 29.84
1973 28.06
1974 16.04
1975 27.22
1976 28.66
1977 31.78
1978 38.25
1979 33.90
1980 27.52
1981 28.24
1982 38.61
1983 48.42
1984 51.14
1985 54.90
1986 57.25
1987 54.15
1988 55.13
1989 51.25
1990 45.14
1991 45.73
1992 42.83
1993 45.99
1994 46.04
1995 44.95
1996 42.43
1997 43.81
1998 49.89
1999 46.69
2000 40.91
2001 43.30
2002 43.18
2003 40.88
2004 38.92
2005 34.66
2006 34.17
2007 34.20
2008 30.93
2009 42.13
2010 38.98
2011 34.15
2012 35.23
2013 37.98
2014 40.60
2015 52.31
2016 54.03

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