South Africa

Value Added In The Services Sector

64.36
percent of GDP
Dec 62Dec 65Dec 70Dec 74Dec 79Dec 84Dec 89Dec 93Dec 97Dec 02Dec 07Dec 11Dec 16Dec 190.00020.0040.0060.0080.00
  • South Africa
  • Global Median
Source: IMF

Definition of Value Added In The Services Sector

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.

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