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

Services, etc., value added (% of GDP) in Sierra Leone was 33.69 as of 2016. Its highest value over the past 52 years was 48.01 in 1981, while its lowest value was 12.87 in 1999.

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
1964 35.65
1965 38.49
1966 39.11
1967 40.01
1968 40.96
1969 41.38
1970 41.47
1971 41.80
1972 41.94
1973 41.43
1974 41.11
1975 41.17
1976 41.82
1977 42.87
1978 43.77
1979 45.45
1980 45.04
1981 48.01
1982 47.12
1983 47.08
1984 46.24
1985 41.18
1986 45.98
1987 36.00
1988 42.00
1989 43.00
1990 33.90
1991 25.47
1992 21.06
1993 23.71
1994 20.22
1995 18.39
1996 14.42
1997 13.67
1998 13.49
1999 12.87
2000 13.25
2001 42.73
2002 40.93
2003 39.31
2004 35.58
2005 35.58
2006 36.05
2007 35.12
2008 35.43
2009 35.89
2010 36.74
2011 35.11
2012 32.39
2013 28.28
2014 29.78
2015 34.94
2016 33.69

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