Fiji | 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
Republic of Fiji
Records
63
Source
Fiji | Services, value added (% of GDP)
year value
1960
1961
1962
1963 30.64202335
1964 32.91366906
1965 36.64383562
1966 39.34837093
1967 40.06116208
1968 39.78052126
1969 42.68675455
1970 42.17935349
1971 46.76734309
1972 46.11557597
1973 46.79280319
1974 47.66666667
1975 47.72404912
1976 47.40975818
1977 51.35583307
1978 53.51751638
1979 52.04177423
1980 51.15381202
1981 53.16286932
1982 53.53421951
1983 55.89090738
1984 56.08060848
1985 55.6362048
1986 53.54368201
1987 50.57214032
1988 53.07438901
1989 47.64692503
1990 48.93405051
1991 48.69946621
1992 47.72572074
1993 46.72579187
1994 45.91441772
1995 47.64542207
1996 48.23580611
1997 49.3107105
1998 50.37905313
1999 50.62268949
2000 53.27153375
2001 53.9758639
2002 53.68928963
2003 53.59735853
2004 52.89601756
2005 57.33422421
2006 56.80578891
2007 58.08684032
2008 57.46719435
2009 58.48383082
2010 57.48799876
2011 58.15626511
2012 57.9955964
2013 56.87213226
2014 55.54368079
2015 55.43723574
2016 54.53534858
2017 54.48636587
2018 53.92484435
2019 54.13407587
2020 53.14643273
2021 53.26763518
2022 54.81635097

Fiji | 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
Republic of Fiji
Records
63
Source