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

Services, etc., value added (% of GDP) in Sri Lanka was 62.19 as of 2016. Its highest value over the past 56 years was 62.19 in 2016, while its lowest value was 40.08 in 1977.

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 47.21
1961 46.54
1962 47.82
1963 46.96
1964 48.65
1965 49.88
1966 51.00
1967 49.93
1968 46.91
1969 47.40
1970 47.05
1971 47.40
1972 48.70
1973 46.60
1974 41.13
1975 42.66
1976 43.30
1977 40.08
1978 41.68
1979 44.24
1980 42.26
1981 43.79
1982 46.88
1983 44.98
1984 44.65
1985 45.39
1986 45.59
1987 44.92
1988 46.28
1989 46.94
1990 46.99
1991 47.02
1992 47.99
1993 49.27
1994 49.62
1995 50.18
1996 50.89
1997 51.06
1998 51.22
1999 51.91
2000 52.75
2001 53.11
2002 57.71
2003 58.34
2004 58.84
2005 57.99
2006 58.02
2007 58.40
2008 57.25
2009 57.64
2010 60.86
2011 59.96
2012 59.69
2013 60.48
2014 61.05
2015 61.74
2016 62.19

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