Honduras | 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 Honduras
Records
63
Source
Honduras | Services, value added (constant 2015 US$)
year value
1960 884715002.81688
1961 897830728.01554
1962 934346121.58206
1963 981294432.06087
1964 1031372704.9482
1965 1094122120.4364
1966 1154335304.5265
1967 1186081432.5745
1968 1246443561.2962
1969 1309786688.3871
1970 1401000889.213
1971 1418885909.0418
1972 1550043442.4405
1973 1640959734.5957
1974 1669277748.9677
1975 1818320389.5301
1976 2016547023.847
1977 2170060943.6262
1978 2259626000.9432
1979 2391020764.2565
1980 2515698990.079
1981 2549075440.0184
1982 2511474616.7921
1983 2537960856.8309
1984 2617893816.5959
1985 2769732914.4002
1986 2872453554.5729
1987 3037603128.8193
1988 3189247481.1055
1989 3339637808.4817
1990 3285869517.2088
1991 3272544273.6182
1992 3466023524.6334
1993 3791403401.9554
1994 3717143416.4759
1995 3876819077.361
1996 3988215358.2408
1997 4302847476.7345
1998 4595820654.7726
1999 4771110941.4837
2000 5251343852.6159
2001 5512659246.5975
2002 5819359619.5108
2003 6161799329.0514
2004 6684177816.5117
2005 7304322748.8591
2006 8013248346.6429
2007 8808635386.0093
2008 9449206955.2289
2009 9536764933.6127
2010 10009013251.913
2011 10453663776.739
2012 10914063675.266
2013 11313397148.219
2014 11779638773.776
2015 12343054908.425
2016 12820756799.135
2017 13311423054.15
2018 13829764733.563
2019 14449113948.94
2020 13720334242.348
2021 15258726855.125
2022 16204630552.223

Honduras | 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 Honduras
Records
63
Source