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

Services, etc., value added (% of GDP) in Swaziland was 52.45 as of 2016. Its highest value over the past 51 years was 54.87 in 1983, while its lowest value was 28.24 in 1978.

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
1965 32.36
1966 31.11
1967 35.18
1968 41.76
1969 36.70
1970 38.32
1971 38.21
1972 33.07
1973 34.35
1974 35.59
1975 34.16
1976 33.51
1977 32.56
1978 28.24
1979 31.00
1980 47.11
1981 47.11
1982 50.00
1983 54.87
1984 50.92
1985 53.33
1986 48.38
1987 46.39
1988 42.76
1989 40.86
1990 46.45
1991 46.38
1992 48.94
1993 47.49
1994 44.40
1995 43.00
1996 42.63
1997 42.02
1998 41.79
1999 42.31
2000 46.09
2001 45.93
2002 45.47
2003 46.67
2004 48.36
2005 47.18
2006 47.01
2007 46.86
2008 48.24
2009 48.64
2010 49.91
2011 51.19
2012 49.34
2013 50.76
2014 51.71
2015 51.63
2016 52.45

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