Zimbabwe - Services, value added (% of GDP)

Services, value added (% of GDP) in Zimbabwe was 49.90 as of 2020. Its highest value over the past 56 years was 95.02 in 1964, while its lowest value was 41.98 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 or 4.

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

See also:

Year Value
1964 95.02
1965 46.68
1966 48.09
1967 45.58
1968 49.92
1969 47.66
1970 49.76
1971 48.35
1972 47.42
1973 47.49
1974 46.93
1975 47.14
1976 47.47
1977 48.98
1978 54.05
1979 51.50
1980 53.12
1981 51.81
1982 54.36
1983 52.74
1984 47.51
1985 45.05
1986 46.25
1987 48.41
1988 45.61
1989 44.85
1990 45.38
1991 41.98
1992 47.10
1993 47.15
1994 43.79
1995 49.22
1996 46.50
1997 48.95
1998 47.00
1999 46.13
2000 70.13
2001 74.67
2002 77.02
2003 74.36
2004 49.83
2005 48.68
2006 44.93
2007 44.49
2008 48.55
2009 54.92
2010 57.83
2011 57.90
2012 55.09
2013 58.33
2014 57.59
2015 58.65
2016 60.41
2017 60.59
2018 60.05
2019 48.96
2020 49.90

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