Belgium - Services, value added (constant LCU)

The value for Services, value added (constant LCU) in Belgium was 292,596,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 310,836,000,000 in 2019 and a minimum value of 195,509,000,000 in 1995.

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
1995 195,509,000,000
1996 196,448,000,000
1997 202,259,000,000
1998 206,191,000,000
1999 214,183,000,000
2000 220,158,000,000
2001 224,470,000,000
2002 229,067,000,000
2003 232,274,000,000
2004 238,365,000,000
2005 244,372,000,000
2006 251,523,000,000
2007 260,165,000,000
2008 264,457,000,000
2009 261,534,000,000
2010 267,470,000,000
2011 273,287,000,000
2012 277,530,000,000
2013 279,526,000,000
2014 283,105,000,000
2015 288,477,000,000
2016 292,895,000,000
2017 297,775,000,000
2018 304,840,000,000
2019 310,836,000,000
2020 292,596,000,000

Base Period: varies by country

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