South Africa | 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 South Africa
Records
63
Source
South Africa | Services, value added (% of GDP)
year value
1960 54.16866699
1961 53.97572079
1962 54.13694722
1963 53.82432607
1964 53.84074941
1965 53.3476165
1966 53.48241553
1967 54.01291921
1968 55.1913015
1969 54.59832788
1970 55.41039852
1971 56.14548495
1972 55.52371856
1973 54.10908461
1974 52.43395086
1975 52.17144658
1976 52.5361205
1977 52.93028212
1978 51.60219271
1979 49.35568953
1980 46.89461062
1981 48.08598099
1982 49.47146104
1983 50.67502636
1984 51.2487321
1985 50.72150022
1986 50.48562804
1987 51.58941745
1988 50.9788991
1989 51.3149491
1990 52.43908048
1991 54.18117534
1992 56.94918651
1993 57.30957531
1994 57.31407647
1995 58.23144461
1996 59.21498329
1997 59.96232593
1998 60.40230229
1999 61.40646314
2000 61.18598087
2001 60.78314972
2002 60.79178952
2003 62.5769415
2004 62.52950229
2005 62.64477433
2006 63.49943229
2007 62.75451262
2008 61.53714054
2009 63.63608832
2010 64.27526261
2011 64.34219813
2012 64.30451115
2013 64.05374265
2014 64.01178185
2015 64.10257578
2016 63.91340152
2017 64.33042562
2018 64.25317596
2019 64.34730483
2020 64.63053481
2021 62.94458623
2022 62.29666355

South Africa | 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 South Africa
Records
63
Source