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

Services, etc., value added (% of GDP) in Ukraine was 59.17 as of 2016. Its highest value over the past 29 years was 64.22 in 2013, while its lowest value was 26.73 in 1991.

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
1987 31.24
1988 31.37
1989 28.69
1990 29.86
1991 26.73
1992 28.73
1993 40.65
1994 36.24
1995 41.92
1996 47.97
1997 50.48
1998 49.63
1999 47.21
2000 46.60
2001 48.93
2002 50.84
2003 53.31
2004 52.20
2005 57.26
2006 55.20
2007 55.81
2008 58.48
2009 62.13
2010 62.29
2011 61.43
2012 62.53
2013 64.22
2014 62.16
2015 60.16
2016 59.17

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.


Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts