St. Vincent and the Grenadines - Services

Financial intermediary services indirectly Measured (FISIM) (current LCU)

The value for Financial intermediary services indirectly Measured (FISIM) (current LCU) in St. Vincent and the Grenadines was 17,000,000 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 21,500,000 in 2008 and a minimum value of 729,117 in 1977.

Definition: Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.

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

Year Value
1977 729,117
1978 1,009,895
1979 1,238,593
1980 1,677,875
1981 1,917,894
1982 2,443,221
1983 2,647,011
1984 2,690,034
1985 2,726,263
1986 2,945,904
1987 2,945,904
1988 3,516,517
1989 5,749,155
1990 5,930,000
1991 6,220,000
1992 6,550,000
1993 6,690,000
1994 7,380,000
1995 8,180,000
1996 7,520,000
1997 9,060,000
1998 9,130,000
1999 9,730,000
2000 11,170,000
2001 12,110,000
2002 9,430,000
2003 12,520,000
2004 12,980,000
2005 14,130,000
2006 15,640,000
2007 19,940,000
2008 21,500,000
2009 19,230,000
2010 21,000,000
2011 19,100,000
2012 20,300,000
2013 17,200,000
2014 17,600,000
2015 19,400,000
2016 20,500,000
2017 19,500,000
2018 18,900,000
2019 19,900,000
2020 17,000,000

Financial intermediary services indirectly Measured (FISIM) (constant LCU)

The value for Financial intermediary services indirectly Measured (FISIM) (constant LCU) in St. Vincent and the Grenadines was 14,500,000 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 18,410,000 in 2008 and a minimum value of 2,640,833 in 1977.

Definition: Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.

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

Year Value
1977 2,640,833
1978 3,257,041
1979 3,534,273
1980 4,234,956
1981 4,084,585
1982 4,878,500
1983 5,024,726
1984 4,928,049
1985 4,916,404
1986 5,079,711
1987 4,673,829
1988 5,567,060
1989 8,626,984
1990 6,830,000
1991 6,960,000
1992 7,240,000
1993 7,430,000
1994 7,890,000
1995 8,760,000
1996 9,230,000
1997 10,190,000
1998 10,850,000
1999 12,060,000
2000 12,910,000
2001 13,850,000
2002 13,850,000
2003 14,590,000
2004 14,680,000
2005 14,630,000
2006 15,640,000
2007 16,620,000
2008 18,410,000
2009 18,020,000
2010 17,500,000
2011 16,700,000
2012 17,200,000
2013 14,500,000
2014 14,900,000
2015 15,000,000
2016 15,300,000
2017 14,300,000
2018 14,000,000
2019 14,400,000
2020 14,500,000

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

The latest value for Services, value added per worker (constant 2010 US$) in St. Vincent and the Grenadines was 15,121 as of 2019. Over the past 28 years, the value for this indicator has fluctuated between 16,408 in 2007 and 12,406 in 1991.

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
1991 12,406
1992 12,635
1993 13,063
1994 13,121
1995 13,232
1996 13,156
1997 13,587
1998 13,789
1999 13,915
2000 14,104
2001 14,071
2002 14,524
2003 15,197
2004 15,570
2005 15,634
2006 16,377
2007 16,408
2008 16,314
2009 15,800
2010 15,572
2011 15,465
2012 15,573
2013 15,692
2014 15,601
2015 15,470
2016 15,356
2017 15,076
2018 15,086
2019 15,121

Services, value added (current US$)

The latest value for Services, value added (current US$) in St. Vincent and the Grenadines was $504,777,800 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between $517,592,600 in 2019 and $31,287,770 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 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
1977 $31,287,770
1978 $36,626,080
1979 $42,612,700
1980 $51,747,900
1981 $61,861,330
1982 $68,240,520
1983 $75,236,160
1984 $80,013,050
1985 $83,913,540
1986 $90,703,140
1987 $100,354,200
1988 $108,478,700
1989 $120,482,000
1990 $136,577,800
1991 $149,740,700
1992 $160,377,800
1993 $172,163,000
1994 $180,751,900
1995 $191,244,400
1996 $204,166,700
1997 $216,337,000
1998 $230,244,400
1999 $244,785,200
2000 $250,325,900
2001 $277,525,900
2002 $301,437,000
2003 $315,140,700
2004 $341,748,200
2005 $364,029,600
2006 $396,444,400
2007 $432,792,600
2008 $439,085,200
2009 $423,014,800
2010 $430,555,600
2011 $434,185,200
2012 $449,629,600
2013 $466,888,900
2014 $468,518,500
2015 $481,444,400
2016 $487,111,100
2017 $493,444,400
2018 $501,555,600
2019 $517,592,600
2020 $504,777,800

Services, value added (current LCU)

The value for Services, value added (current LCU) in St. Vincent and the Grenadines was 1,362,900,000 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 1,397,500,000 in 2019 and a minimum value of 84,476,970 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 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 local currency.

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

Year Value
1977 84,476,970
1978 98,890,400
1979 115,054,300
1980 139,719,300
1981 167,025,600
1982 184,249,400
1983 203,137,600
1984 216,035,200
1985 226,566,500
1986 244,898,500
1987 270,956,400
1988 292,892,600
1989 325,301,300
1990 368,760,000
1991 404,300,000
1992 433,020,000
1993 464,840,000
1994 488,030,000
1995 516,360,000
1996 551,250,000
1997 584,110,000
1998 621,660,000
1999 660,920,000
2000 675,880,000
2001 749,320,000
2002 813,880,000
2003 850,880,000
2004 922,720,000
2005 982,880,000
2006 1,070,400,000
2007 1,168,540,000
2008 1,185,530,000
2009 1,142,140,000
2010 1,162,500,000
2011 1,172,300,000
2012 1,214,000,000
2013 1,260,600,000
2014 1,265,000,000
2015 1,299,900,000
2016 1,315,200,000
2017 1,332,300,000
2018 1,354,200,000
2019 1,397,500,000
2020 1,362,900,000

Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in St. Vincent and the Grenadines was 482,631,300 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between 499,544,200 in 2019 and 130,070,600 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 130,070,600
1978 137,759,400
1979 142,226,700
1980 149,348,000
1981 148,505,300
1982 154,963,400
1983 160,446,600
1984 165,951,700
1985 172,412,900
1986 180,770,800
1987 180,436,400
1988 198,260,500
1989 204,301,600
1990 215,755,600
1991 227,696,400
1992 240,065,200
1993 255,587,700
1994 265,205,600
1995 275,645,800
1996 282,966,200
1997 299,603,600
1998 311,362,000
1999 323,209,500
2000 337,201,900
2001 346,264,400
2002 367,394,900
2003 393,722,200
2004 413,436,900
2005 425,759,100
2006 453,722,600
2007 461,161,700
2008 466,841,700
2009 454,956,100
2010 453,468,300
2011 456,096,400
2012 465,718,400
2013 475,171,000
2014 480,172,800
2015 481,444,400
2016 484,623,600
2017 483,055,200
2018 491,151,300
2019 499,544,200
2020 482,631,300

Services, value added (annual % growth)

The value for Services, value added (annual % growth) in St. Vincent and the Grenadines was -3.39 as of 2020. As the graph below shows, over the past 42 years this indicator reached a maximum value of 9.88 in 1988 and a minimum value of -3.39 in 2020.

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
1978 5.91
1979 3.24
1980 5.01
1981 -0.56
1982 4.35
1983 3.54
1984 3.43
1985 3.89
1986 4.85
1987 -0.18
1988 9.88
1989 3.05
1990 5.61
1991 5.53
1992 5.43
1993 6.47
1994 3.76
1995 3.94
1996 2.66
1997 5.88
1998 3.92
1999 3.81
2000 4.33
2001 2.69
2002 6.10
2003 7.17
2004 5.01
2005 2.98
2006 6.57
2007 1.64
2008 1.23
2009 -2.55
2010 -0.33
2011 0.58
2012 2.11
2013 2.03
2014 1.05
2015 0.26
2016 0.66
2017 -0.32
2018 1.68
2019 1.71
2020 -3.39

Services, value added (constant LCU)

The value for Services, value added (constant LCU) in St. Vincent and the Grenadines was 1,138,600,000 as of 2020. As the graph below shows, over the past 43 years this indicator reached a maximum value of 1,178,500,000 in 2019 and a minimum value of 306,856,100 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 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 constant local currency.

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

Year Value
1977 306,856,100
1978 324,995,200
1979 335,534,200
1980 352,334,300
1981 350,346,400
1982 365,582,000
1983 378,517,600
1984 391,505,200
1985 406,747,900
1986 426,465,500
1987 425,676,600
1988 467,726,400
1989 481,978,400
1990 509,000,000
1991 537,170,000
1992 566,350,000
1993 602,970,000
1994 625,660,000
1995 650,290,000
1996 667,560,000
1997 706,810,000
1998 734,550,000
1999 762,500,000
2000 795,510,000
2001 816,890,000
2002 866,740,000
2003 928,850,000
2004 975,360,000
2005 1,004,430,000
2006 1,070,400,000
2007 1,087,950,000
2008 1,101,350,000
2009 1,073,310,000
2010 1,069,800,000
2011 1,076,000,000
2012 1,098,700,000
2013 1,121,000,000
2014 1,132,800,000
2015 1,135,800,000
2016 1,143,300,000
2017 1,139,600,000
2018 1,158,700,000
2019 1,178,500,000
2020 1,138,600,000

Services, value added (% of GDP)

Services, value added (% of GDP) in St. Vincent and the Grenadines was 62.51 as of 2020. Its highest value over the past 43 years was 66.10 in 2005, while its lowest value was 54.04 in 1988.

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
1977 63.40
1978 60.20
1979 59.94
1980 62.85
1981 60.60
1982 59.99
1983 61.54
1984 59.26
1985 57.62
1986 56.39
1987 57.16
1988 54.04
1989 56.10
1990 56.82
1991 58.76
1992 57.70
1993 60.13
1994 62.45
1995 60.52
1996 61.59
1997 62.21
1998 61.63
1999 62.65
2000 63.17
2001 64.53
2002 65.26
2003 65.41
2004 65.47
2005 66.10
2006 64.89
2007 63.23
2008 63.14
2009 62.68
2010 63.20
2011 64.22
2012 64.89
2013 64.74
2014 64.38
2015 63.73
2016 62.90
2017 62.29
2018 61.82
2019 62.74
2020 62.51

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts