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

Services, etc., value added (% of GDP) in South Africa was 68.63 as of 2016. Its highest value over the past 56 years was 68.63 in 2016, while its lowest value was 45.73 in 1980.

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
1960 50.94
1961 50.54
1962 50.94
1963 50.99
1964 51.39
1965 50.87
1966 51.12
1967 51.89
1968 53.39
1969 53.30
1970 54.43
1971 55.46
1972 54.38
1973 52.87
1974 50.78
1975 51.03
1976 51.62
1977 52.26
1978 50.95
1979 48.63
1980 45.73
1981 48.08
1982 50.24
1983 51.03
1984 52.18
1985 51.46
1986 51.42
1987 53.01
1988 52.86
1989 54.06
1990 55.41
1991 57.16
1992 59.81
1993 60.29
1994 60.39
1995 61.27
1996 62.20
1997 63.09
1998 63.86
1999 65.09
2000 64.82
2001 64.08
2002 63.79
2003 65.92
2004 66.66
2005 67.06
2006 68.00
2007 67.35
2008 65.48
2009 66.64
2010 67.21
2011 67.56
2012 67.99
2013 68.01
2014 68.02
2015 68.52
2016 68.63

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