United Arab Emirates - Services, value added (% of GDP)

Services, value added (% of GDP) in United Arab Emirates was 58.21 as of 2020. Its highest value over the past 45 years was 58.21 in 2020, while its lowest value was 25.46 in 1975.

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
1975 25.46
1976 27.64
1977 31.53
1978 31.31
1979 28.10
1980 26.85
1981 31.09
1982 36.21
1983 37.87
1984 36.35
1985 37.82
1986 46.66
1987 44.18
1988 45.79
1989 43.73
1990 40.04
1991 51.92
1992 43.32
1993 47.04
1994 51.91
1995 52.67
1996 51.84
1997 52.57
1998 57.80
1999 55.65
2000 49.22
2001 48.09
2002 50.25
2003 48.95
2004 46.66
2005 42.96
2006 41.00
2007 44.18
2008 41.15
2009 46.92
2010 46.71
2011 41.29
2012 41.91
2013 44.35
2014 46.60
2015 55.37
2016 57.78
2017 56.65
2018 52.25
2019 54.79
2020 58.21

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