Services, value added (annual % growth)

Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. 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 3 or 4.

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Country Services, value added (annual % growth) Rank Year

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Sources

Data published by
World Bank – World Development Indicators

Data publisher's source
World Bank national accounts data, and OECD National Accounts data files.

Link
https://datatopics.worldbank.org/world-development-indicators/

Last update by data publisher
2020-12-16

Variable time span
1961 : 2020