Early-demographic dividend | Services, value added (constant 2015 US$)
Services correspond to ISIC divisions 45-99. 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 4. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. Limitations and exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Early-demographic dividend
Records
63
Source
Early-demographic dividend | Services, value added (constant 2015 US$)
1960
1961
1962
1963
1964
594454320450.43 1965
616149928774.69 1966
644841027287.59 1967
686549251583.69 1968
723704147440.84 1969
774335043597.44 1970
817026213029.11 1971
873051236782.75 1972
928379953663.26 1973
1021881734527.5 1974
1106056316176.2 1975
1161411653285.6 1976
1220290595999 1977
1277456470625.9 1978
1349888489921.9 1979
1435651850284.9 1980
1497777280112.6 1981
1539402424675.9 1982
1587280774894.8 1983
1635753424514.7 1984
1661777604317 1985
1674009635570.3 1986
1727610794193.2 1987
1765021084195.9 1988
1818783051800.8 1989
1896526497961.3 1990
1979249351178.7 1991
2070274365970.8 1992
2173183314309 1993
2243767019838.3 1994
2302271100950.8 1995
2417026011023.8 1996
2568285136828 1997
2652455328279.7 1998
2736172437228.1 1999
2847819710257.8 2000
2928407328391.6 2001
3012937210174.9 2002
3138811985059 2003
3333869643252.1 2004
3537375236651.9 2005
3763673285883.2 2006
4017555532774.8 2007
4204774470263.3 2008
4294256135904.6 2009
4564106240329.6 2010
4827618498060.3 2011
5076714814889.6 2012
5319286821156 2013
5576400622387.1 2014
5837475415321.7 2015
6095732785213.1 2016
6370166831570.2 2017
6632253617887.6 2018
6865310648092.1 2019
6539558519466.1 2020
7010998801830.2 2021
7474082238011.3 2022
Early-demographic dividend | Services, value added (constant 2015 US$)
Services correspond to ISIC divisions 45-99. 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 4. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. Limitations and exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Early-demographic dividend
Records
63
Source