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

Services, etc., value added (% of GDP) in Zambia was 56.86 as of 2016. Its highest value over the past 51 years was 59.44 in 2015, while its lowest value was 21.01 in 1966.

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
1965 25.59
1966 21.01
1967 29.04
1968 27.92
1969 21.29
1970 28.61
1971 35.29
1972 34.00
1973 29.09
1974 28.54
1975 40.19
1976 40.17
1977 40.24
1978 37.68
1979 37.51
1980 42.79
1981 41.53
1982 46.06
1983 36.08
1984 39.51
1985 38.61
1986 37.02
1987 42.42
1988 35.80
1989 26.27
1990 28.12
1991 31.57
1992 27.22
1993 24.01
1994 43.63
1995 45.03
1996 47.19
1997 47.22
1998 50.97
1999 53.67
2000 55.41
2001 55.80
2002 55.89
2003 55.57
2004 54.18
2005 54.16
2006 52.15
2007 51.88
2008 53.60
2009 55.24
2010 55.90
2011 53.33
2012 56.27
2013 56.53
2014 57.39
2015 59.44
2016 56.86

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