South Asia (IDA & IBRD) | 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
South Asia (IDA & IBRD)
Records
63
Source
South Asia (IDA & IBRD) | Services, value added (constant 2015 US$)
year value
1960 60110093451.708
1961 62389373569.285
1962 64685730021.629
1963 68427075055.189
1964 71747852512.756
1965 75380959823.068
1966 78955927563.524
1967 81729268633.524
1968 84382150365.171
1969 89069559274.535
1970 92449068788.326
1971 93689152833.579
1972 95398901428.372
1973 99988635220.978
1974 104151377662
1975 111119228957.71
1976 115226832878.9
1977 120756444880.14
1978 128763464151.56
1979 132259587235.3
1980 138749122029.41
1981 146433605597.9
1982 156490205947.1
1983 166560888006.67
1984 177499954515.86
1985 189861163009.87
1986 202798011260.5
1987 215020924744.08
1988 228890185382.08
1989 244339916498.88
1990 256563669191.54
1991 269973536141.6
1992 285797612022.72
1993 304694436577.45
1994 319370862020.05
1995 343640979513.62
1996 364458555916.7
1997 391148271151.77
1998 416497302086.98
1999 457863723607.71
2000 480950153345.19
2001 508057535373.23
2002 536769076353.08
2003 573647715458.03
2004 618086544835.08
2005 670468931250.24
2006 719305934797.44
2007 771549601576.4
2008 819464911904.32
2009 877882415840.24
2010 938825514591.84
2011 991930645567.86
2012 1067372841087
2013 1142072780146.2
2014 1238297667720
2015 1340414180589.8
2016 1442809753687.7
2017 1531376837998.4
2018 1636663774832.7
2019 1737413167385.1
2020 1627845293173.2
2021 1755072944697.3
2022 1902661611799.1

South Asia (IDA & IBRD) | 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
South Asia (IDA & IBRD)
Records
63
Source