Guatemala | 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 Guatemala
Records
63
Source
Guatemala | Services, value added (constant 2015 US$)
year value
1960 3163060185.3744
1961 3263977226.986
1962 3409856831.0583
1963 3777224799.925
1964 4005607476.9652
1965 4230320087.2201
1966 4448609314.8319
1967 4670563563.7317
1968 5103740494.1431
1969 5341576975.5552
1970 5721640631.3603
1971 6011015982.2289
1972 6367934326.9113
1973 6818327986.0741
1974 7338253263.8947
1975 7395449071.262
1976 8028236921.2373
1977 8700169776.6689
1978 9107391232.1089
1979 9449627991.9671
1980 9706921472.9083
1981 9762847540.9006
1982 9328178730.0368
1983 9047971888.3286
1984 9153421010.4528
1985 8950830860.4818
1986 8819415453.1129
1987 9087492715.547
1988 9385424142.3718
1989 9746129155.6626
1990 9972208649.956
1991 10374771468.483
1992 10844502056.078
1993 11309364683.08
1994 11906456214.219
1995 12564924693.686
1996 12921189612.805
1997 13431315209.824
1998 14129353339.333
1999 14650333049.223
2000 15300202395.242
2001 22047548921.079
2002 22780062492.701
2003 23512934898.732
2004 24445120271.588
2005 25383159445.569
2006 26818444091.632
2007 28566871022.948
2008 29961744519.879
2009 30355404822.033
2010 31483955923.454
2011 32706843739.968
2012 33884486016.794
2013 35155470980.367
2014 36550093042.027
2015 38212709908.731
2016 39364592698.953
2017 40697684117.305
2018 42171818524.171
2019 43838167285.368
2020 42902395941.513
2021 46368435882.96
2022 48496248939.872

Guatemala | 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 Guatemala
Records
63
Source