Togo - Services, value added (% of GDP)

Services, value added (% of GDP) in Togo was 49.32 as of 2020. Its highest value over the past 60 years was 57.02 in 2003, while its lowest value was 27.42 in 2015.

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 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 29.63
1961 29.35
1962 32.41
1963 29.91
1964 31.94
1965 34.42
1966 34.09
1967 32.46
1968 33.56
1969 35.78
1970 45.16
1971 45.75
1972 48.94
1973 47.79
1974 42.25
1975 46.86
1976 47.23
1977 45.08
1978 53.12
1979 49.39
1980 47.73
1981 49.33
1982 49.67
1983 44.11
1984 46.34
1985 44.67
1986 45.37
1987 46.54
1988 44.88
1989 43.46
1990 43.72
1991 42.02
1992 40.96
1993 35.18
1994 43.85
1995 40.06
1996 38.10
1997 37.68
1998 48.17
1999 46.86
2000 53.51
2001 50.64
2002 50.88
2003 57.02
2004 54.16
2005 47.51
2006 49.08
2007 55.47
2008 43.73
2009 54.05
2010 56.28
2011 53.00
2012 29.82
2013 30.85
2014 28.05
2015 27.42
2016 49.17
2017 49.26
2018 50.11
2019 49.61
2020 49.32

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. Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts