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

Services, etc., value added (% of GDP) in Seychelles was 83.04 as of 2014. Its highest value over the past 38 years was 104.35 in 1993, while its lowest value was 76.29 in 2005.

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
1976 79.68
1977 83.31
1978 84.62
1979 84.56
1980 84.26
1981 87.69
1982 95.02
1983 92.69
1984 92.21
1985 86.72
1986 89.92
1987 94.13
1988 99.26
1989 99.99
1990 103.45
1991 98.96
1992 102.92
1993 104.35
1994 91.15
1995 83.59
1996 82.46
1997 81.41
1998 80.28
1999 77.15
2000 82.76
2001 83.65
2002 81.49
2003 91.48
2004 77.40
2005 76.29
2006 77.42
2007 78.30
2008 78.79
2009 80.77
2010 80.44
2011 80.74
2012 81.70
2013 82.01
2014 83.04

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.


Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts