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

Services, value added (% of GDP) in Antigua and Barbuda was 65.31 as of 2020. Its highest value over the past 43 years was 76.79 in 1984, while its lowest value was 65.31 in 2020.

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 75.06
1978 75.62
1979 75.11
1980 73.56
1981 73.14
1982 75.70
1983 76.52
1984 76.79
1985 75.81
1986 72.36
1987 71.85
1988 71.74
1989 71.51
1990 72.49
1991 72.31
1992 73.24
1993 74.22
1994 74.21
1995 73.67
1996 73.68
1997 74.02
1998 74.43
1999 74.15
2000 76.21
2001 75.85
2002 74.99
2003 74.48
2004 73.17
2005 72.61
2006 68.28
2007 67.64
2008 67.27
2009 68.42
2010 70.69
2011 72.08
2012 71.62
2013 70.95
2014 70.39
2015 69.88
2016 68.53
2017 67.39
2018 65.82
2019 66.86
2020 65.31

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. 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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts