Guyana | 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
Co-operative Republic of Guyana
Records
63
Source
Guyana | Services, value added (constant 2015 US$)
year value
1960 577177328.97546
1961 602486767.4691
1962 577017487.11261
1963 510599556.33187
1964 563671104.42715
1965 630166364.66356
1966 674654341.45306
1967 697453267.24616
1968 692452144.32199
1969 715698150.58867
1970 758158664.71177
1971 801294308.66685
1972 814428916.35908
1973 925566605.01482
1974 770148153.55738
1975 800453013.74377
1976 980031327.50893
1977 981140062.13044
1978 937363703.11495
1979 928588673.90662
1980 880679852.82116
1981 986258630.46251
1982 883330823.18756
1983 865422105.36972
1984 815646492.75905
1985 790994147.40789
1986 753192267.50681
1987 670208726.06561
1988 722416799.96417
1989 713406178.28986
1990 725159163.0979
1991 723983864.86585
1992 733386252.04216
1993 758459286.71222
1994 816048911.65735
1995 864627916.5527
1996 928094034.68874
1997 989209555.14228
1998 1008406096.6214
1999 983724829.0779
2000 1036221494.5775
2001 1047582712.8175
2002 1044056817.309
2003 1065995723.0896
2004 1090285224.5219
2005 1175298481.8196
2006 1270497658.516
2007 1377764595.0377
2008 1457758097.8345
2009 1543711642.0277
2010 1633452401.6226
2011 1696733420.3674
2012 1812654702.5189
2013 1842861045.2009
2014 1895049482.6415
2015 1887622276.0291
2016 1934627406.5993
2017 1988770372.0957
2018 2046842700.4889
2019 2131846902.4835
2020 1930555896.2075
2021 2160281478.1746
2022 2346931292.4683

Guyana | 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
Co-operative Republic of Guyana
Records
63
Source