Solomon Islands GDP: % of GDP: Gross Value Added: Services

Solomon Islands GDP: % of GDP: Gross Value Added: Services data was reported at 48.636 % in 2020. This records a decrease from the previous number of 49.172 % for 2019. Solomon Islands GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 48.133 % from Dec 2003 (Median) to 2020, with 18 observations. The data reached an all-time high of 51.092 % in 2015 and a record low of 37.292 % in 2003. Solomon Islands GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Solomon Islands – Table SB.World Bank.WDI: Gross Domestic Product: Share 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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