South Africa | Services, value added (constant 2015 US$)

Services correspond to ISIC divisions 45-99. 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 4. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. Limitations and exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult. 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.
Publisher
The World Bank
Origin
Republic of South Africa
Records
63
Source
South Africa | Services, value added (constant 2015 US$)
year value
1960 31564774862.038
1961 32586601050.819
1962 34236314296.734
1963 36018961412.476
1964 38136648936.421
1965 40388995725.554
1966 41905696674.579
1967 44521709749.489
1968 47954070111.146
1969 50416836707.21
1970 53487256178.451
1971 56103269253.361
1972 58187233140.712
1973 61545558355.987
1974 65816225581.708
1975 69129141528.174
1976 71110444391.57
1977 70945512280.51
1978 72490839107.108
1979 74665699959.139
1980 79466690977.056
1981 83626305483.204
1982 84705305000.071
1983 86599083262.448
1984 91661001115.125
1985 91479207185.768
1986 92145758784.39
1987 95253274255.884
1988 98273265126.359
1989 100244294044.65
1990 100878376839.67
1991 101078208993.25
1992 100933746345.33
1993 101655388225.75
1994 105073328862.33
1995 110053088305.32
1996 114674641523.2
1997 117279619479.16
1998 120758938742.09
1999 126027332202.81
2000 131787212272.74
2001 136794237511.18
2002 142368627400.02
2003 148777242204.73
2004 155391549907.55
2005 163580454969.31
2006 173901950069.24
2007 184515202309.36
2008 191938291910.83
2009 192440779115.41
2010 195799375554.99
2011 203043226961.15
2012 208870679748.35
2013 214449769465.13
2014 218824064932.23
2015 222249906162.02
2016 225792269206.84
2017 228387006275.69
2018 233142886908.61
2019 235525904611.36
2020 225824642194.68
2021 234323275689.79
2022 242247439926.66

South Africa | Services, value added (constant 2015 US$)

Services correspond to ISIC divisions 45-99. 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 4. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. Limitations and exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult. 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.
Publisher
The World Bank
Origin
Republic of South Africa
Records
63
Source