Fiji | 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
Republic of Fiji
Records
63
Source
Fiji | Services, value added (constant 2015 US$)
1960
1961
1962
1963
1964
1965 339019958.91891
1966 314760962.11344
1967 382848327.59233
1968 399088786.11602
1969 459680785.16822
1970 537081782.736
1971 629974222.26232
1972 704198732.23981
1973 823508971.77249
1974 891502723.99349
1975 911154311.7289
1976 930923413.9989
1977 936842293.61172
1978 972399722.34832
1979 1055331480.8271
1980 1040762062.8778
1981 1075410690.7523
1982 1078834821.8546
1983 1113051014.0735
1984 1176771753.5052
1985 1173003101.3742
1986 1203928334.5841
1987 1167095674.4102
1988 1223662636.1369
1989 1164278867.5467
1990 1248480380.0638
1991 1201997522.3602
1992 1267827909.626
1993 1292343156.2364
1994 1337752056.4404
1995 1405029576.4729
1996 1458660340.5568
1997 1435566096.9647
1998 1498569621.571
1999 1613827891.9801
2000 1614253638.6182
2001 1645968224.7522
2002 1698648618.2168
2003 1739835040.1689
2004 1801135825.6637
2005 1873185488.9381
2006 1901640735.3847
2007 1925493929.3942
2008 2091510770.0733
2009 2074404494.8313
2010 2134575960.5211
2011 1948039349.295
2012 2007204374.2806
2013 2097926217.147
2014 2519792210.3256
2015 2595837427.3071
2016 2597872786.4689
2017 2692088365.1522
2018 2738670506.8541
2019 2739841147.6485
2020 2275857721.0655
2021 2205843490.1986
2022 2672111526.1162
Fiji | 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
Republic of Fiji
Records
63
Source