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

Services, etc., value added (% of GDP) in Turkey was 61.00 as of 2016. Its highest value over the past 56 years was 63.91 in 2009, while its lowest value was 26.50 in 1960.

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 26.50
1961 29.69
1962 28.72
1963 28.23
1964 30.08
1965 32.60
1966 31.25
1967 33.07
1968 35.06
1969 35.35
1970 37.29
1971 38.13
1972 40.11
1973 40.54
1974 39.68
1975 40.23
1976 41.70
1977 43.50
1978 43.81
1979 45.17
1980 49.68
1981 48.40
1982 49.12
1983 51.45
1984 52.10
1985 52.61
1986 47.97
1987 48.98
1988 48.22
1989 48.90
1990 49.75
1991 51.50
1992 52.05
1993 52.83
1994 50.73
1995 50.47
1996 51.01
1997 53.18
1998 52.67
1999 57.36
2000 58.69
2001 61.37
2002 60.48
2003 60.38
2004 60.46
2005 60.43
2006 60.82
2007 61.66
2008 62.12
2009 63.91
2010 61.75
2011 60.02
2012 60.88
2013 60.71
2014 60.67
2015 60.50
2016 61.00

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