Antigua and Barbuda - Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Antigua and Barbuda was 77.94 as of 2016. Its highest value over the past 39 years was 85.38 in 1983, while its lowest value was 75.90 in 2008.

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
1977 81.77
1978 83.38
1979 83.01
1980 81.81
1981 81.57
1982 85.02
1983 85.38
1984 85.35
1985 84.31
1986 82.71
1987 81.76
1988 81.46
1989 80.51
1990 81.92
1991 81.26
1992 82.45
1993 83.43
1994 83.79
1995 83.39
1996 83.87
1997 83.53
1998 83.49
1999 82.62
2000 82.85
2001 83.64
2002 83.21
2003 82.99
2004 83.00
2005 81.32
2006 76.78
2007 77.14
2008 75.90
2009 75.94
2010 79.32
2011 80.89
2012 81.27
2013 79.82
2014 80.04
2015 79.50
2016 77.94

Limitations and Exceptions: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

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: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts