Lower middle income | 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
Lower middle income
Records
63
Source
Lower middle income | Services, value added (constant 2015 US$)
year value
1960
1961
1962
1963
1964
1965 223108007557.45
1966 234622828860.76
1967 245116241498.94
1968 254900029725.74
1969 268854547857.15
1970 285215117457.34
1971 299379235151.99
1972 322207477967.53
1973 337077200556.29
1974 382156955570.24
1975 422105209652.89
1976 454860638409.82
1977 480018922600.98
1978 505583828029.41
1979 517364142091.72
1980 536688880641.73
1981 540544089006.13
1982 562402228668.33
1983 593342449859.8
1984 605210197037.02
1985 630810786242.98
1986 639042937761.01
1987 654867859480.45
1988 677531708730.92
1989 714154099033.38
1990 752361916374.71
1991 785858684293.66
1992 818870242677.86
1993 838894992521.65
1994 857351761512.69
1995 896006429850.31
1996 941297131516.26
1997 991956135887.23
1998 1042373473534
1999 1102292689002.2
2000 1140498550262.9
2001 1220520261949.1
2002 1294908576695.6
2003 1371548646260.4
2004 1487467423822.4
2005 1597375702132.7
2006 1713360442501.2
2007 1853462120153.8
2008 1963855607078.7
2009 2077469329973.6
2010 2211732442065.3
2011 2325266749988.4
2012 2463236316516.2
2013 2606800083743.2
2014 2772285495396.5
2015 2923282033213.9
2016 3081391035446.3
2017 3226980157885.6
2018 3394532989470.7
2019 3562176747693.6
2020 3410090840040.7
2021 3621413648989.6
2022 3865998280745.9

Lower middle income | 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
Lower middle income
Records
63
Source