China | Services, value added (% of GDP)

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. 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.
Publisher
The World Bank
Origin
People's Republic of China
Records
63
Source
China | Services, value added (% of GDP)
1960 32.43316781
1961 32.27298547
1962 29.69368439
1963 27.06881359
1964 26.64126811
1965 27.35870819
1966 24.94308254
1967 26.30698919
1968 27.25187776
1969 27.06146162
1970 24.92871869
1971 24.44543937
1972 24.8119417
1973 24.25078006
1974 24.14329667
1975 22.6879421
1976 22.60590243
1977 24.31076923
1978 24.60446135
1979 22.34259728
1980 22.30837565
1981 22.71406746
1982 22.59369103
1983 23.20325399
1984 25.52931557
1985 29.35332019
1986 29.84707435
1987 30.3607574
1988 31.23777119
1989 32.89243124
1990 32.38277311
1991 34.47853688
1992 35.55580572
1993 34.51599613
1994 34.36265612
1995 33.65293801
1996 33.57027127
1997 35.00567727
1998 37.04332902
1999 38.57534809
2000 39.78765517
2001 41.22312631
2002 42.24794475
2003 42.02821618
2004 41.18314017
2005 41.33592592
2006 41.81684191
2007 42.86966501
2008 42.85977979
2009 44.4066672
2010 44.17699192
2011 44.29305673
2012 45.46330539
2013 46.8804015
2014 48.27094049
2015 50.77164515
2016 52.36209096
2017 52.68473653
2018 53.26996792
2019 54.26890427
2020 54.45853575
2021 53.46821053
2022 52.77588844

China | Services, value added (% of GDP)

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. 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.
Publisher
The World Bank
Origin
People's Republic of China
Records
63
Source