Output structure (Services, etc., value added)

The output structure is composed of value added by major sector of the economy (agriculture, industry, and services) as percentages of GDP, where value added is the net output of a sector after all outputs are added up and intermediate inputs are subtracted. Value added is calculated without deductions for depreciation of fabricated assets or depletion and degradation of natural resources. Services include 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. World Development Indicators, most recent publication series NV.SRV.TETC.ZS for value added in services as a percentage of GDP.

Source: World Development Indicators

Return to Glossary Page