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

Services, etc., value added (% of GDP) in Thailand was 55.83 as of 2016. Its highest value over the past 56 years was 55.83 in 2016, while its lowest value was 44.09 in 1966.

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 45.04
1961 45.00
1962 45.05
1963 45.91
1964 47.67
1965 45.19
1966 44.09
1967 45.80
1968 46.41
1969 46.38
1970 48.78
1971 49.02
1972 47.38
1973 45.52
1974 46.35
1975 47.35
1976 45.69
1977 45.87
1978 45.94
1979 45.66
1980 48.08
1981 48.54
1982 51.94
1983 49.36
1984 50.45
1985 52.35
1986 51.25
1987 50.92
1988 49.24
1989 48.67
1990 50.28
1991 48.69
1992 49.65
1993 54.89
1994 54.15
1995 53.39
1996 53.61
1997 54.15
1998 53.45
1999 54.56
2000 54.66
2001 54.95
2002 54.26
2003 52.50
2004 52.68
2005 52.17
2006 51.32
2007 51.10
2008 50.34
2009 51.50
2010 49.46
2011 50.33
2012 51.06
2013 51.70
2014 52.98
2015 54.89
2016 55.83

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