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

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