Colombia - Services, value added (constant LCU)

The value for Services, value added (constant LCU) in Colombia was 488,830,000,000,000 as of 2020. As the graph below shows, over the past 55 years this indicator reached a maximum value of 514,281,000,000,000 in 2019 and a minimum value of 48,373,500,000,000 in 1965.

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
1965 48,373,500,000,000
1966 51,181,400,000,000
1967 52,649,800,000,000
1968 55,473,700,000,000
1969 59,251,100,000,000
1970 64,303,800,000,000
1971 70,259,000,000,000
1972 74,907,500,000,000
1973 80,417,600,000,000
1974 85,490,800,000,000
1975 87,880,900,000,000
1976 92,470,700,000,000
1977 97,763,000,000,000
1978 105,548,000,000,000
1979 110,966,000,000,000
1980 116,516,000,000,000
1981 121,547,000,000,000
1982 125,150,000,000,000
1983 126,353,000,000,000
1984 128,340,000,000,000
1985 130,840,000,000,000
1986 135,781,000,000,000
1987 142,597,000,000,000
1988 150,606,000,000,000
1989 154,532,000,000,000
1990 160,671,000,000,000
1991 165,803,000,000,000
1992 175,680,000,000,000
1993 186,898,000,000,000
1994 201,927,000,000,000
1995 216,483,000,000,000
1996 231,975,000,000,000
1997 243,910,000,000,000
1998 244,467,000,000,000
1999 235,108,000,000,000
2000 238,473,000,000,000
2001 243,152,000,000,000
2002 248,818,000,000,000
2003 257,498,000,000,000
2004 271,130,000,000,000
2005 283,829,000,000,000
2006 301,745,000,000,000
2007 321,926,000,000,000
2008 332,320,000,000,000
2009 337,511,000,000,000
2010 354,122,000,000,000
2011 376,619,000,000,000
2012 392,940,000,000,000
2013 413,994,000,000,000
2014 436,638,000,000,000
2015 452,362,000,000,000
2016 463,112,000,000,000
2017 475,044,000,000,000
2018 492,446,000,000,000
2019 514,281,000,000,000
2020 488,830,000,000,000

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