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