Definition: 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.
This indicator is included in the World Development Indicators and is based on National Accounts data compiled by the World Bank and and Organization for Economic Co-operation and Development National Accounts data.
Unit: % of gross domestic product
Data source: World Development Indicators, World Bank
Link to the key table: Gross value added: Services (international comparison)