Barbados - Services

Services, etc., value added (current US$)

The latest value for Services, etc., value added (current US$) in Barbados was $2,265,432,000 as of 2009. Over the past 49 years, the value for this indicator has fluctuated between $2,290,151,000 in 2008 and $45,966,550 in 1960.

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. Data are in current U.S. dollars.

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

See also:

Year Value
1960 $45,966,550
1961 $48,883,210
1962 $50,924,870
1963 $56,816,520
1964 $57,633,190
1965 $60,841,510
1966 $66,266,500
1967 $75,829,930
1968 $81,200,000
1969 $92,750,000
1970 $111,150,000
1971 $127,652,000
1972 $145,526,500
1973 $181,196,400
1974 $217,270,600
1975 $236,176,400
1976 $279,119,700
1977 $307,355,000
1978 $339,382,500
1979 $414,706,900
1980 $515,785,800
1981 $595,386,000
1982 $633,272,000
1983 $657,833,200
1984 $717,048,600
1985 $792,721,100
1986 $845,721,600
1987 $924,924,200
1988 $985,730,600
1989 $1,103,963,000
1990 $1,075,378,000
1991 $1,050,213,000
1992 $988,463,200
1993 $1,017,924,000
1994 $1,077,740,000
1995 $1,151,988,000
1996 $1,226,542,000
1997 $1,302,451,000
1998 $1,408,625,000
1999 $1,465,672,000
2000 $1,677,250,000
2001 $1,697,487,000
2002 $1,628,456,000
2003 $1,721,380,000
2004 $1,856,700,000
2005 $1,908,550,000
2006 $2,110,450,000
2007 $2,062,550,000
2008 $2,290,151,000
2009 $2,265,432,000

Services, etc., value added (current LCU)

The value for Services, etc., value added (current LCU) in Barbados was 4,530,864,000 as of 2009. As the graph below shows, over the past 49 years this indicator reached a maximum value of 4,580,302,000 in 2008 and a minimum value of 78,800,000 in 1960.

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. Data are in current local currency.

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

Year Value
1960 78,800,000
1961 83,800,000
1962 87,300,000
1963 97,400,000
1964 98,800,000
1965 104,300,000
1966 113,600,000
1967 131,800,000
1968 162,400,000
1969 185,500,000
1970 222,300,000
1971 252,100,000
1972 279,600,000
1973 355,000,000
1974 446,100,000
1975 477,100,000
1976 559,300,000
1977 616,800,000
1978 682,600,000
1979 834,100,000
1980 1,037,400,000
1981 1,197,500,000
1982 1,273,700,000
1983 1,323,100,000
1984 1,442,200,000
1985 1,594,400,000
1986 1,701,000,000
1987 1,860,300,000
1988 1,982,600,000
1989 2,220,400,000
1990 2,162,908,000
1991 2,112,293,000
1992 1,976,926,000
1993 2,047,351,000
1994 2,167,658,000
1995 2,316,993,000
1996 2,466,943,000
1997 2,619,620,000
1998 2,833,168,000
1999 2,947,907,000
2000 3,354,500,000
2001 3,394,974,000
2002 3,256,912,000
2003 3,442,759,000
2004 3,713,400,000
2005 3,817,100,000
2006 4,220,900,000
2007 4,125,100,000
2008 4,580,302,000
2009 4,530,864,000

Services, etc., value added (constant 2000 US$)

The latest value for Services, etc., value added (constant 2000 US$) in Barbados was 1,846,495,000 as of 2005. Over the past 39 years, the value for this indicator has fluctuated between 1,846,495,000 in 2005 and 573,590,000 in 1966.

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. Data are in constant 2000 U.S. dollars.

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

See also:

Year Value
1966 573,590,000
1967 647,044,500
1968 751,815,100
1969 824,809,100
1970 916,224,300
1971 989,909,100
1972 1,023,988,000
1973 1,038,495,000
1974 1,027,212,000
1975 1,004,876,000
1976 1,013,166,000
1977 1,081,324,000
1978 1,138,890,000
1979 1,210,042,000
1980 1,260,240,000
1981 1,261,852,000
1982 1,202,904,000
1983 1,192,542,000
1984 1,230,766,000
1985 1,269,220,000
1986 1,331,392,000
1987 1,405,077,000
1988 1,455,274,000
1989 1,518,598,000
1990 1,459,419,000
1991 1,403,465,000
1992 1,332,313,000
1993 1,356,030,000
1994 1,411,524,000
1995 1,430,636,000
1996 1,454,353,000
1997 1,486,130,000
1998 1,551,525,000
1999 1,586,526,000
2000 1,677,250,000
2001 1,635,342,000
2002 1,636,263,000
2003 1,685,770,000
2004 1,782,711,000
2005 1,846,495,000

Services, etc., value added (annual % growth)

The value for Services, etc., value added (annual % growth) in Barbados was 3.58 as of 2005. As the graph below shows, over the past 38 years this indicator reached a maximum value of 16.19 in 1968 and a minimum value of -5.07 in 1992.

Definition: Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2000 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.

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

See also:

Year Value
1967 12.81
1968 16.19
1969 9.71
1970 11.08
1971 8.04
1972 3.44
1973 1.42
1974 -1.09
1975 -2.17
1976 0.82
1977 6.73
1978 5.32
1979 6.25
1980 4.15
1981 0.13
1982 -4.67
1983 -0.86
1984 3.21
1985 3.12
1986 4.90
1987 5.53
1988 3.57
1989 4.35
1990 -3.90
1991 -3.83
1992 -5.07
1993 1.78
1994 4.09
1995 1.35
1996 1.66
1997 2.18
1998 4.40
1999 2.26
2000 5.72
2001 -2.50
2002 0.06
2003 3.03
2004 5.75
2005 3.58

Services, etc., value added (constant LCU)

The value for Services, etc., value added (constant LCU) in Barbados was 801,900,000 as of 2005. As the graph below shows, over the past 39 years this indicator reached a maximum value of 801,900,000 in 2005 and a minimum value of 249,100,000 in 1966.

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. Data are in constant local currency.

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

Year Value
1966 249,100,000
1967 281,000,000
1968 326,500,000
1969 358,200,000
1970 397,900,000
1971 429,900,000
1972 444,700,000
1973 451,000,000
1974 446,100,000
1975 436,400,000
1976 440,000,000
1977 469,600,000
1978 494,600,000
1979 525,500,000
1980 547,300,000
1981 548,000,000
1982 522,400,000
1983 517,900,000
1984 534,500,000
1985 551,200,000
1986 578,200,000
1987 610,200,000
1988 632,000,000
1989 659,500,000
1990 633,800,000
1991 609,500,000
1992 578,600,000
1993 588,900,000
1994 613,000,000
1995 621,300,000
1996 631,600,000
1997 645,400,000
1998 673,800,100
1999 689,000,100
2000 728,400,000
2001 710,200,000
2002 710,599,900
2003 732,100,000
2004 774,199,900
2005 801,900,000

Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Barbados was 73.76 as of 2009. Its highest value over the past 49 years was 80.20 in 2001, while its lowest value was 56.89 in 1963.

Definition: Services correspond to ISIC divisions 50-99 and 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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

See also:

Year Value
1960 58.81
1961 58.11
1962 58.47
1963 56.89
1964 58.81
1965 58.79
1966 59.76
1967 61.39
1968 65.62
1969 67.87
1970 69.49
1971 70.97
1972 70.77
1973 71.16
1974 69.66
1975 68.10
1976 70.98
1977 69.30
1978 69.34
1979 69.74
1980 67.54
1981 70.19
1982 71.39
1983 69.67
1984 69.52
1985 73.12
1986 74.04
1987 74.44
1988 74.32
1989 76.31
1990 72.94
1991 73.00
1992 73.14
1993 74.13
1994 74.21
1995 73.61
1996 73.04
1997 72.56
1998 72.58
1999 72.20
2000 79.38
2001 80.20
2002 80.10
2003 79.42
2004 80.06
2005 77.85
2006 73.80
2007 74.02
2008 73.48
2009 73.76

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts