East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source
East Asia & Pacific (excluding high income) | Services, value added (% of GDP)
year value
1960 54.17665428
1961 53.28064305
1962 48.02245484
1963 44.02156257
1964 43.97237244
1965 45.13648101
1966 41.57495726
1967 43.17560287
1968 43.49602871
1969 43.21187674
1970 39.88560518
1971 39.2812539
1972 39.73434823
1973 37.66825655
1974 35.57041523
1975 33.87895007
1976 32.20250652
1977 33.75143034
1978 34.65550041
1979 32.84883311
1980 32.07245042
1981 31.36582209
1982 30.95512437
1983 31.97256373
1984 33.64424623
1985 38.00539189
1986 37.26010731
1987 36.61727227
1988 36.82546775
1989 38.12803093
1990 37.35432362
1991 38.58392306
1992 39.79360056
1993 39.76157574
1994 40.13941399
1995 39.25707696
1996 38.9007607
1997 39.31187435
1998 39.73217701
1999 40.90321482
2000 41.14692556
2001 42.7668731
2002 43.58330916
2003 43.2083327
2004 42.4874626
2005 42.52725319
2006 42.73667283
2007 43.43972641
2008 43.06245132
2009 44.43733355
2010 44.34220836
2011 44.38437918
2012 45.45405167
2013 46.77948413
2014 48.02379245
2015 50.35806629
2016 51.7369627
2017 51.99644559
2018 52.55776457
2019 53.50373354
2020 53.69548071
2021 52.69323331
2022 51.94760782

East Asia & Pacific (excluding high income) | 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
East Asia & Pacific (excluding high income)
Records
63
Source