High income | Services, value added per worker (constant 2015 US$)

Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2015 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services. Development relevance: Labor productivity is used to assess a country's economic ability to create and sustain decent employment opportunities with fair and equitable remuneration. Productivity increases obtained through investment, trade, technological progress, or changes in work organization can increase social protection and reduce poverty, which in turn reduce vulnerable employment and working poverty. Productivity increases do not guarantee these improvements, but without them—and the economic growth they bring—improvements are highly unlikely. Please also see GDP per person employed (constant 2011 PPP $) [SL.GDP.PCAP.EM.KD], which is a key measure for monitoring the Sustainable Development Goal 8 of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Limitations and exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD]. Statistical concept and methodology: Value added per worker is calculated by dividing value added of a sector by the number employed in the sector. Gross domestic product (GDP) represents the sum of value added by all 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. Value added by industry is normally measured at basic prices, while total GDP is measured at purchaser prices. Data on employment are modeled estimates by the International Labour Organization (ILO) ILOSTAT database. The concept of employment generally refers to people above a certain age who worked, or who held a job, during a reference period. Employment data include both full-time and part-time workers.
Publisher
The World Bank
Origin
High income
Records
63
Source
High income | Services, value added per worker (constant 2015 US$)
year value
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1970
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1980
1981
1982
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1988
1989
1990
1991
1992
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1996
1997 71513.79336905
1998 72598.83809072
1999 73650.6126368
2000 74811.95149059
2001 75530.39345314
2002 76033.53061861
2003 76472.32380125
2004 77347.8926231
2005 78286.56855937
2006 78939.67248222
2007 79384.38006378
2008 78821.95493968
2009 77787.19048535
2010 78795.69806126
2011 79641.02510857
2012 79974.95214097
2013 80559.01741144
2014 80668.65218486
2015 81600.09718259
2016 81330.74182229
2017 81865.1956592
2018 82482.98280541
2019 83002.46382624
2020
2021
2022

High income | Services, value added per worker (constant 2015 US$)

Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2015 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services. Development relevance: Labor productivity is used to assess a country's economic ability to create and sustain decent employment opportunities with fair and equitable remuneration. Productivity increases obtained through investment, trade, technological progress, or changes in work organization can increase social protection and reduce poverty, which in turn reduce vulnerable employment and working poverty. Productivity increases do not guarantee these improvements, but without them—and the economic growth they bring—improvements are highly unlikely. Please also see GDP per person employed (constant 2011 PPP $) [SL.GDP.PCAP.EM.KD], which is a key measure for monitoring the Sustainable Development Goal 8 of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Limitations and exceptions: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD]. Statistical concept and methodology: Value added per worker is calculated by dividing value added of a sector by the number employed in the sector. Gross domestic product (GDP) represents the sum of value added by all 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. Value added by industry is normally measured at basic prices, while total GDP is measured at purchaser prices. Data on employment are modeled estimates by the International Labour Organization (ILO) ILOSTAT database. The concept of employment generally refers to people above a certain age who worked, or who held a job, during a reference period. Employment data include both full-time and part-time workers.
Publisher
The World Bank
Origin
High income
Records
63
Source