Turkey - Services, value added (% of GDP)

Services, value added (% of GDP) in Turkey was 54.20 as of 2020. Its highest value over the past 60 years was 57.16 in 2009, while its lowest value was 25.84 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 or 4.

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

See also:

Year Value
1960 25.84
1961 28.93
1962 28.14
1963 27.79
1964 29.42
1965 31.66
1966 30.26
1967 32.10
1968 34.03
1969 34.42
1970 36.28
1971 37.03
1972 38.88
1973 39.31
1974 38.52
1975 38.99
1976 40.35
1977 42.21
1978 42.66
1979 44.11
1980 49.01
1981 47.70
1982 48.40
1983 50.37
1984 50.92
1985 51.14
1986 46.56
1987 47.24
1988 46.64
1989 47.42
1990 48.05
1991 49.69
1992 50.11
1993 50.66
1994 48.94
1995 48.63
1996 49.42
1997 51.39
1998 48.62
1999 52.52
2000 52.76
2001 54.97
2002 53.57
2003 53.14
2004 53.08
2005 53.04
2006 53.43
2007 54.88
2008 55.54
2009 57.16
2010 54.54
2011 53.05
2012 54.00
2013 53.34
2014 53.83
2015 53.48
2016 53.99
2017 53.54
2018 54.47
2019 56.41
2020 54.20

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