Antigua and Barbuda - Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in Antigua and Barbuda was 855,345,300 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between 1,089,861,000 in 2019 and 249,894,800 in 1977.

Definition: 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. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1977 249,894,800
1978 256,232,400
1979 280,219,600
1980 298,464,400
1981 307,038,500
1982 317,043,500
1983 341,103,300
1984 378,448,900
1985 402,405,600
1986 427,216,400
1987 444,247,700
1988 465,209,100
1989 488,001,800
1990 510,315,200
1991 522,404,700
1992 530,109,300
1993 572,472,100
1994 611,738,300
1995 575,521,300
1996 606,739,300
1997 644,790,100
1998 676,729,700
1999 701,845,000
2000 770,177,600
2001 745,603,500
2002 740,432,600
2003 780,235,700
2004 813,184,500
2005 855,495,700
2006 916,540,200
2007 983,386,900
2008 998,302,300
2009 886,241,300
2010 844,166,300
2011 844,939,300
2012 866,296,800
2013 866,120,700
2014 900,375,000
2015 934,092,600
2016 969,691,200
2017 982,072,800
2018 1,025,290,000
2019 1,089,861,000
2020 855,345,300

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.

Aggregation method: Gap-filled total

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts