Belgium - Services

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

The latest value for Services, etc., value added (current US$) in Belgium was $322,302,000,000 as of 2016. Over the past 21 years, the value for this indicator has fluctuated between $367,027,000,000 in 2014 and $150,523,000,000 in 2000.

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
1995 $181,931,000,000
1996 $176,367,000,000
1997 $158,361,000,000
1998 $163,518,000,000
1999 $165,110,000,000
2000 $150,523,000,000
2001 $153,184,000,000
2002 $167,988,000,000
2003 $209,507,000,000
2004 $243,143,000,000
2005 $256,164,000,000
2006 $271,064,000,000
2007 $312,094,000,000
2008 $347,787,000,000
2009 $331,760,000,000
2010 $328,552,000,000
2011 $360,117,000,000
2012 $341,541,000,000
2013 $358,732,000,000
2014 $367,027,000,000
2015 $314,083,000,000
2016 $322,302,000,000

Services, etc., value added (current LCU)

The value for Services, etc., value added (current LCU) in Belgium was 291,372,000,000 as of 2016. As the graph below shows, over the past 21 years this indicator reached a maximum value of 291,372,000,000 in 2016 and a minimum value of 132,955,000,000 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, 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
1995 132,955,000,000
1996 135,362,000,000
1997 140,435,000,000
1998 147,133,000,000
1999 154,972,000,000
2000 163,377,000,000
2001 171,183,000,000
2002 178,504,000,000
2003 185,623,000,000
2004 195,827,000,000
2005 205,982,000,000
2006 216,066,000,000
2007 228,016,000,000
2008 237,434,000,000
2009 238,801,000,000
2010 248,072,000,000
2011 259,052,000,000
2012 265,820,000,000
2013 270,182,000,000
2014 276,640,000,000
2015 283,196,000,000
2016 291,372,000,000

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

The latest value for Services, etc., value added (constant 2010 US$) in Belgium was 349,568,000,000 as of 2016. Over the past 21 years, the value for this indicator has fluctuated between 349,568,000,000 in 2016 and 245,355,000,000 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, 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
1995 245,355,000,000
1996 247,625,000,000
1997 253,973,000,000
1998 259,005,000,000
1999 268,509,000,000
2000 276,020,000,000
2001 280,216,000,000
2002 285,748,000,000
2003 289,223,000,000
2004 296,675,000,000
2005 303,422,000,000
2006 309,977,000,000
2007 319,807,000,000
2008 325,961,000,000
2009 322,408,000,000
2010 328,552,000,000
2011 335,287,000,000
2012 337,192,000,000
2013 338,388,000,000
2014 341,012,000,000
2015 344,465,000,000
2016 349,568,000,000

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

The value for Services, etc., value added (annual % growth) in Belgium was 1.48 as of 2016. As the graph below shows, over the past 20 years this indicator reached a maximum value of 3.67 in 1999 and a minimum value of -1.09 in 2009.

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
1996 0.93
1997 2.56
1998 1.98
1999 3.67
2000 2.80
2001 1.52
2002 1.97
2003 1.22
2004 2.58
2005 2.27
2006 2.16
2007 3.17
2008 1.92
2009 -1.09
2010 1.91
2011 2.05
2012 0.57
2013 0.35
2014 0.78
2015 1.01
2016 1.48

Services, etc., value added (constant LCU)

The value for Services, etc., value added (constant LCU) in Belgium was 263,939,000,000 as of 2016. As the graph below shows, over the past 21 years this indicator reached a maximum value of 263,939,000,000 in 2016 and a minimum value of 185,254,000,000 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, 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
1995 185,254,000,000
1996 186,968,000,000
1997 191,761,000,000
1998 195,561,000,000
1999 202,736,000,000
2000 208,408,000,000
2001 211,576,000,000
2002 215,753,000,000
2003 218,376,000,000
2004 224,003,000,000
2005 229,097,000,000
2006 234,047,000,000
2007 241,469,000,000
2008 246,115,000,000
2009 243,432,000,000
2010 248,072,000,000
2011 253,157,000,000
2012 254,595,000,000
2013 255,499,000,000
2014 257,479,000,000
2015 260,087,000,000
2016 263,939,000,000

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

Services, etc., value added (% of GDP) in Belgium was 77.16 as of 2016. Its highest value over the past 21 years was 77.26 in 2014, while its lowest value was 69.34 in 1997.

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
1995 69.60
1996 69.76
1997 69.34
1998 70.02
1999 71.04
2000 70.88
2001 71.75
2002 72.39
2003 73.13
2004 73.33
2005 73.96
2006 74.04
2007 74.04
2008 74.90
2009 76.39
2010 75.97
2011 76.27
2012 76.67
2013 77.00
2014 77.26
2015 77.07
2016 77.16

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts