High income - Services

Services, value added per worker (constant 2010 US$)

The latest value for Services, value added per worker (constant 2010 US$) in High income was 83,002 as of 2019. Over the past 22 years, the value for this indicator has fluctuated between 83,002 in 2019 and 71,514 in 1997.

Definition: Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services.

Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.

See also:

Year Value
1997 71,514
1998 72,599
1999 73,651
2000 74,812
2001 75,530
2002 76,034
2003 76,472
2004 77,348
2005 78,287
2006 78,940
2007 79,384
2008 78,822
2009 77,787
2010 78,796
2011 79,641
2012 79,975
2013 80,559
2014 80,669
2015 81,600
2016 81,331
2017 81,865
2018 82,483
2019 83,002

Services, value added (current US$)

The latest value for Services, value added (current US$) in High income was $38,678,800,000,000 as of 2019. Over the past 22 years, the value for this indicator has fluctuated between $38,678,800,000,000 in 2019 and $16,875,000,000,000 in 1997.

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 and import duties. 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
1997 $16,875,000,000,000
1998 $17,147,700,000,000
1999 $18,113,300,000,000
2000 $18,519,900,000,000
2001 $18,629,500,000,000
2002 $19,598,100,000,000
2003 $21,888,700,000,000
2004 $24,222,900,000,000
2005 $25,554,800,000,000
2006 $26,821,100,000,000
2007 $29,301,700,000,000
2008 $31,281,100,000,000
2009 $30,328,900,000,000
2010 $31,409,900,000,000
2011 $33,649,400,000,000
2012 $33,825,800,000,000
2013 $34,232,200,000,000
2014 $35,034,900,000,000
2015 $33,628,400,000,000
2016 $34,604,500,000,000
2017 $35,975,800,000,000
2018 $38,059,700,000,000
2019 $38,678,800,000,000

Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in High income was 36,584,900,000,000 as of 2019. Over the past 22 years, the value for this indicator has fluctuated between 36,584,900,000,000 in 2019 and 22,681,900,000,000 in 1997.

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
1997 22,681,900,000,000
1998 23,431,900,000,000
1999 24,245,900,000,000
2000 25,185,300,000,000
2001 25,775,300,000,000
2002 26,304,100,000,000
2003 26,846,700,000,000
2004 27,638,600,000,000
2005 28,539,700,000,000
2006 29,362,000,000,000
2007 30,132,300,000,000
2008 30,423,100,000,000
2009 29,955,500,000,000
2010 30,613,100,000,000
2011 31,225,200,000,000
2012 31,738,900,000,000
2013 32,215,800,000,000
2014 32,868,700,000,000
2015 33,628,400,000,000
2016 34,283,200,000,000
2017 35,084,800,000,000
2018 35,874,300,000,000
2019 36,584,900,000,000

Services, value added (annual % growth)

The value for Services, value added (annual % growth) in High income was 1.98 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 3.87 in 2000 and a minimum value of -1.54 in 2009.

Definition: 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.

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

See also:

Year Value
1998 3.31
1999 3.47
2000 3.87
2001 2.34
2002 2.05
2003 2.06
2004 2.95
2005 3.26
2006 2.88
2007 2.62
2008 0.96
2009 -1.54
2010 2.20
2011 2.00
2012 1.65
2013 1.50
2014 2.03
2015 2.31
2016 1.95
2017 2.34
2018 2.25
2019 1.98

Services, value added (% of GDP)

Services, value added (% of GDP) in High income was 70.27 as of 2019. Its highest value over the past 22 years was 70.47 in 2016, while its lowest value was 65.57 in 1997.

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 or 4.

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

See also:

Year Value
1997 65.57
1998 66.39
1999 66.75
2000 66.84
2001 67.93
2002 68.52
2003 68.30
2004 67.91
2005 67.77
2006 67.35
2007 67.29
2008 67.52
2009 69.82
2010 69.03
2011 68.49
2012 68.81
2013 68.80
2014 68.89
2015 69.97
2016 70.47
2017 70.06
2018 69.75
2019 70.27

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts