Barbados - Services

Services, etc., value added (current US$)

The latest value for Services, etc., value added (current US$) in Barbados was $3,705,500,000 as of 2015. Over the past 25 years, the value for this indicator has fluctuated between $3,705,500,000 in 2015 and $1,363,098,000 in 1990.

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. Data are in current U.S. dollars.

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

See also:

Year Value
1990 $1,363,098,000
1991 $1,370,009,000
1992 $1,363,200,000
1993 $1,426,192,000
1994 $1,533,685,000
1995 $1,567,394,000
1996 $1,680,356,000
1997 $1,739,025,000
1998 $1,930,095,000
1999 $2,026,799,000
2000 $2,125,600,000
2001 $2,109,750,000
2002 $2,188,150,000
2003 $2,194,000,000
2004 $2,378,050,000
2005 $2,645,250,000
2006 $3,152,400,000
2007 $3,431,250,000
2008 $3,505,650,000
2009 $3,378,250,000
2010 $3,397,050,000
2011 $3,689,150,000
2012 $3,529,950,000
2013 $3,647,150,000
2014 $3,682,200,000
2015 $3,705,500,000

Services, etc., value added (current LCU)

The value for Services, etc., value added (current LCU) in Barbados was 7,411,000,000 as of 2015. As the graph below shows, over the past 25 years this indicator reached a maximum value of 7,411,000,000 in 2015 and a minimum value of 2,726,400,000 in 1992.

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. Data are in current local currency.

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

Year Value
1990 2,741,600,000
1991 2,755,500,000
1992 2,726,400,000
1993 2,868,500,000
1994 3,084,700,000
1995 3,152,500,000
1996 3,379,700,000
1997 3,497,700,000
1998 3,882,000,000
1999 4,076,500,000
2000 4,251,200,000
2001 4,219,500,000
2002 4,376,300,000
2003 4,388,000,000
2004 4,756,100,000
2005 5,290,500,000
2006 6,304,800,000
2007 6,862,500,000
2008 7,011,300,000
2009 6,756,500,000
2010 6,794,100,000
2011 7,378,300,000
2012 7,059,900,000
2013 7,294,300,000
2014 7,364,400,000
2015 7,411,000,000

Services, etc., value added (constant 2010 US$)

The latest value for Services, etc., value added (constant 2010 US$) in Barbados was 3,631,090,000 as of 2016. Over the past 41 years, the value for this indicator has fluctuated between 3,631,090,000 in 2016 and 1,685,348,000 in 1975.

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. Data are in constant 2010 U.S. dollars.

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

See also:

Year Value
1975 1,685,348,000
1976 1,698,842,000
1977 1,797,845,000
1978 1,872,379,000
1979 2,029,038,000
1980 2,114,057,000
1981 2,116,012,000
1982 2,017,143,000
1983 2,001,309,000
1984 2,063,874,000
1985 2,128,370,000
1986 2,233,031,000
1987 2,356,616,000
1988 2,440,809,000
1989 2,547,401,000
1990 2,447,761,000
1991 2,355,458,000
1992 2,235,735,000
1993 2,274,741,000
1994 2,384,423,000
1995 2,412,230,000
1996 2,469,774,000
1997 2,581,001,000
1998 2,764,062,000
1999 2,737,027,000
2000 2,896,143,000
2001 2,832,034,000
2002 2,837,827,000
2003 2,932,060,000
2004 2,980,722,000
2005 3,067,232,000
2006 3,299,727,000
2007 3,374,650,000
2008 3,420,222,000
2009 3,342,595,000
2010 3,397,050,000
2011 3,429,105,000
2012 3,472,746,000
2013 3,497,077,000
2014 3,510,980,000
2015 3,556,938,000
2016 3,631,090,000

Services, etc., value added (annual % growth)

The value for Services, etc., value added (annual % growth) in Barbados was 2.08 as of 2016. As the graph below shows, over the past 40 years this indicator reached a maximum value of 8.37 in 1979 and a minimum value of -5.08 in 1992.

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.

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

See also:

Year Value
1976 0.80
1977 5.83
1978 4.15
1979 8.37
1980 4.19
1981 0.09
1982 -4.67
1983 -0.78
1984 3.13
1985 3.13
1986 4.92
1987 5.53
1988 3.57
1989 4.37
1990 -3.91
1991 -3.77
1992 -5.08
1993 1.74
1994 4.82
1995 1.17
1996 2.39
1997 4.50
1998 7.09
1999 -0.98
2000 5.81
2001 -2.21
2002 0.20
2003 3.32
2004 1.66
2005 2.90
2006 7.58
2007 2.27
2008 1.35
2009 -2.27
2010 1.63
2011 0.94
2012 1.27
2013 0.70
2014 0.40
2015 1.31
2016 2.08

Services, etc., value added (constant LCU)

The value for Services, etc., value added (constant LCU) in Barbados was 940,200,000 as of 2016. As the graph below shows, over the past 41 years this indicator reached a maximum value of 940,200,000 in 2016 and a minimum value of 436,388,000 in 1975.

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. Data are in constant local currency.

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

Year Value
1975 436,388,000
1976 439,882,000
1977 465,517,000
1978 484,816,000
1979 525,380,000
1980 547,394,000
1981 547,900,000
1982 522,300,000
1983 518,200,000
1984 534,400,000
1985 551,100,000
1986 578,200,000
1987 610,200,000
1988 632,000,000
1989 659,600,000
1990 633,800,000
1991 609,900,000
1992 578,900,000
1993 589,000,000
1994 617,400,000
1995 624,600,000
1996 639,500,000
1997 668,300,000
1998 715,700,000
1999 708,700,000
2000 749,900,000
2001 733,300,000
2002 734,800,000
2003 759,200,000
2004 771,800,000
2005 794,200,000
2006 854,400,000
2007 873,800,000
2008 885,600,000
2009 865,500,000
2010 879,600,000
2011 887,900,000
2012 899,200,000
2013 905,500,000
2014 909,100,000
2015 921,000,000
2016 940,200,000

Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Barbados was 88.86 as of 2015. Its highest value over the past 25 years was 88.86 in 2015, while its lowest value was 75.36 in 1990.

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
1990 75.36
1991 76.48
1992 78.85
1993 79.49
1994 80.93
1995 79.57
1996 79.57
1997 78.81
1998 79.56
1999 79.57
2000 80.06
2001 80.43
2002 81.20
2003 79.45
2004 80.49
2005 80.73
2006 82.13
2007 83.20
2008 83.28
2009 83.88
2010 84.93
2011 85.91
2012 86.10
2013 87.48
2014 88.30
2015 88.86

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts