Argentina - Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in Argentina was 292,709,000,000 as of 2020. Over the past 55 years, the value for this indicator has fluctuated between 340,472,000,000 in 2017 and 81,625,320,000 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 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
1965 82,891,990,000
1966 81,625,320,000
1967 83,699,490,000
1968 85,239,960,000
1969 92,764,940,000
1970 102,588,000,000
1971 107,665,000,000
1972 108,368,000,000
1973 112,498,000,000
1974 118,416,000,000
1975 119,573,000,000
1976 115,506,000,000
1977 122,491,000,000
1978 120,299,000,000
1979 133,581,000,000
1980 144,840,000,000
1981 141,489,000,000
1982 140,569,000,000
1983 145,991,000,000
1984 148,930,000,000
1985 143,211,000,000
1986 150,567,000,000
1987 155,118,000,000
1988 154,535,000,000
1989 145,978,000,000
1990 143,481,000,000
1991 156,952,000,000
1992 167,848,000,000
1993 180,083,000,000
1994 191,588,000,000
1995 187,096,000,000
1996 197,718,000,000
1997 213,288,000,000
1998 223,315,000,000
1999 218,976,000,000
2000 219,728,000,000
2001 210,173,000,000
2002 189,754,000,000
2003 197,811,000,000
2004 211,415,000,000
2005 230,655,000,000
2006 250,273,000,000
2007 273,019,000,000
2008 287,023,000,000
2009 281,125,000,000
2010 301,057,000,000
2011 320,459,000,000
2012 322,602,000,000
2013 328,763,000,000
2014 323,357,000,000
2015 331,959,000,000
2016 331,930,000,000
2017 340,472,000,000
2018 337,792,000,000
2019 327,386,000,000
2020 292,709,000,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

Limitations and Exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult.

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: Gap-filled total

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts