Dominica - Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in Dominica was 277,698,000 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between 321,015,500 in 2014 and 101,761,200 in 1977.

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 or 4. Data are in constant 2010 U.S. dollars.

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

See also:

Year Value
1977 101,761,200
1978 112,472,000
1979 102,523,300
1980 122,514,000
1981 125,286,900
1982 129,097,100
1983 132,814,100
1984 135,561,700
1985 141,086,400
1986 147,034,500
1987 155,726,000
1988 164,104,100
1989 171,229,100
1990 180,056,000
1991 187,562,100
1992 191,334,100
1993 195,830,100
1994 204,335,300
1995 212,556,800
1996 217,797,900
1997 223,149,100
1998 233,000,500
1999 240,341,400
2000 243,440,400
2001 247,470,700
2002 247,631,600
2003 262,944,200
2004 265,014,400
2005 260,488,800
2006 271,635,600
2007 286,838,200
2008 303,048,400
2009 306,024,500
2010 311,777,900
2011 312,247,800
2012 307,654,500
2013 305,465,700
2014 321,015,500
2015 317,222,200
2016 318,327,200
2017 309,699,300
2018 287,007,600
2019 313,797,300
2020 277,698,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

Limitations and Exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult.

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

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts