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Economy > National accounts > Shares of GDP and other Stats: compare key data on Maldives & Sri Lanka

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Definitions

  • Agriculture > Value added > % of GDP: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • Exports > Goods and services > % of GDP: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments."
  • External balance on goods and services > % of GDP: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
  • Final > Consumption expenditure > Etc. > % of GDP: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
  • General government final > Consumption expenditure > % of GDP: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation."
  • Gross capital formation > % of GDP: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Gross domestic savings > % of GDP: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).
  • Gross fixed capital formation > % of GDP: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation."
  • Gross national expenditure > % of GDP: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment)."
  • Gross savings > % of GNI: Gross savings are calculated as gross national income less total consumption, plus net transfers."
  • Industry > Value added > % of GDP: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • Manufacturing > Value added > % of GDP: Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • Services > Etc. > 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. Note: For VAB countries, gross value added at factor cost is used as the denominator."
  • Trade > % of GDP: Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.
STAT Maldives Sri Lanka HISTORY
Agriculture > Value added > % of GDP 5.05%
Ranked 87th.
12.6%
Ranked 47th. 2 times more than Maldives

Exports > Goods and services > % of GDP 67.04%
Ranked 16th. 3 times more than Sri Lanka
21.36%
Ranked 114th.

External balance on goods and services > % of GDP -27.2%
Ranked 129th. 4 times more than Sri Lanka
-6.51%
Ranked 77th.

Final > Consumption expenditure > Etc. > % of GDP 81.18%
Ranked 89th.
81.97%
Ranked 63th. 1% more than Maldives

General government final > Consumption expenditure > % of GDP 22.24%
Ranked 22nd. 26% more than Sri Lanka
17.65%
Ranked 58th.

Gross capital formation > % of GDP 53.49%
Ranked 3rd. 2 times more than Sri Lanka
24.53%
Ranked 46th.

Gross domestic savings > % of GDP 18.82%
Ranked 79th. 4% more than Sri Lanka
18.03%
Ranked 69th.

Gross fixed capital formation > % of GDP 53.49%
Ranked 3rd. 2 times more than Sri Lanka
23.78%
Ranked 51st.

Gross national expenditure > % of GDP 134.68%
Ranked 10th. 26% more than Sri Lanka
106.51%
Ranked 59th.

Gross savings > % of GNI 35.71%
Ranked 20th. 47% more than Sri Lanka
24.31%
Ranked 26th.

Industry > Value added > % of GDP 17.42%
Ranked 111th.
29.72%
Ranked 45th. 71% more than Maldives

Manufacturing > Value added > % of GDP 6.82%
Ranked 95th.
18.15%
Ranked 31st. 3 times more than Maldives

Services > Etc. > Value added > % of GDP 77.53%
Ranked 8th. 34% more than Sri Lanka
57.68%
Ranked 71st.

Trade > % of GDP 161.28%
Ranked 7th. 3 times more than Sri Lanka
49.24%
Ranked 110th.

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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