Bosnia and Herzegovina - Services, etc., value added (current US$)

The latest value for Services, etc., value added (current US$) in Bosnia and Herzegovina was $8,951,371,000 as of 2016. Over the past 22 years, the value for this indicator has fluctuated between $10,077,960,000 in 2014 and $480,864,200 in 1994.

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
1994 $480,864,200
1995 $1,000,483,000
1996 $994,618,200
1997 $1,445,386,000
1998 $1,593,550,000
1999 $2,084,537,000
2000 $3,075,466,000
2001 $3,131,444,000
2002 $3,721,726,000
2003 $4,636,978,000
2004 $5,319,328,000
2005 $5,888,005,000
2006 $6,480,069,000
2007 $7,864,137,000
2008 $9,750,943,000
2009 $9,332,492,000
2010 $9,088,238,000
2011 $9,896,356,000
2012 $9,331,451,000
2013 $9,745,338,000
2014 $10,077,960,000
2015 $8,702,564,000
2016 $8,951,371,000

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.

Aggregation method: Gap-filled total

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