Georgia - Services
Financial intermediary services indirectly Measured (FISIM) (current LCU)
The value for Financial intermediary services indirectly Measured (FISIM) (current LCU) in Georgia was 224,400,000 as of 2009. As the graph below shows, over the past 13 years this indicator reached a maximum value of 224,400,000 in 2009 and a minimum value of 16,900,000 in 1996.
Definition: Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1996 | 16,900,000 |
| 1997 | 20,300,000 |
| 1998 | 42,800,000 |
| 1999 | 52,600,000 |
| 2000 | 55,400,000 |
| 2001 | 63,000,000 |
| 2002 | 72,700,000 |
| 2003 | 77,800,000 |
| 2004 | 74,800,000 |
| 2005 | 129,700,000 |
| 2006 | 107,300,000 |
| 2007 | 163,400,000 |
| 2008 | 223,500,000 |
| 2009 | 224,400,000 |
Services, value added per worker (constant 2010 US$)
The latest value for Services, value added per worker (constant 2010 US$) in Georgia was 14,289 as of 2019. Over the past 16 years, the value for this indicator has fluctuated between 14,289 in 2019 and 6,468 in 2003.
Definition: Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services.
Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.
See also:
| Year | Value |
|---|---|
| 2003 | 6,468 |
| 2004 | 7,084 |
| 2005 | 7,894 |
| 2006 | 8,937 |
| 2007 | 9,891 |
| 2008 | 10,473 |
| 2009 | 9,893 |
| 2010 | 10,952 |
| 2011 | 11,708 |
| 2012 | 11,904 |
| 2013 | 12,473 |
| 2014 | 12,194 |
| 2015 | 11,824 |
| 2016 | 12,533 |
| 2017 | 13,458 |
| 2018 | 13,653 |
| 2019 | 14,289 |
Services, value added (current US$)
The latest value for Services, value added (current US$) in Georgia was $9,363,854,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $10,867,080,000 in 2014 and $845,906,500 in 1992.
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 current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1990 | $2,584,501,000 |
| 1991 | $2,019,868,000 |
| 1992 | $845,906,500 |
| 1996 | $1,279,976,000 |
| 1997 | $1,572,640,000 |
| 1998 | $1,735,193,000 |
| 1999 | $1,377,860,000 |
| 2000 | $1,627,979,000 |
| 2001 | $1,703,521,000 |
| 2002 | $1,777,793,000 |
| 2003 | $2,052,570,000 |
| 2004 | $2,649,468,000 |
| 2005 | $3,275,225,000 |
| 2006 | $4,277,353,000 |
| 2007 | $5,782,640,000 |
| 2008 | $7,768,178,000 |
| 2009 | $6,530,679,000 |
| 2010 | $7,723,110,000 |
| 2011 | $9,321,731,000 |
| 2012 | $10,177,190,000 |
| 2013 | $10,689,730,000 |
| 2014 | $10,867,080,000 |
| 2015 | $9,274,314,000 |
| 2016 | $9,312,841,000 |
| 2017 | $9,788,563,000 |
| 2018 | $10,607,160,000 |
| 2019 | $10,620,490,000 |
| 2020 | $9,363,854,000 |
Services, value added (current LCU)
The value for Services, value added (current LCU) in Georgia was 29,112,220,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 29,929,610,000 in 2019 and a minimum value of 4,200 in 1980.
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 current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1980 | 4,200 |
| 1981 | 4,500 |
| 1982 | 4,700 |
| 1983 | 4,900 |
| 1984 | 5,000 |
| 1985 | 4,500 |
| 1986 | 4,700 |
| 1987 | 5,000 |
| 1988 | 5,200 |
| 1989 | 5,000 |
| 1990 | 5,000 |
| 1991 | 6,100 |
| 1992 | 34,200 |
| 1996 | 1,599,900,000 |
| 1997 | 2,040,500,000 |
| 1998 | 2,411,600,000 |
| 1999 | 2,789,500,000 |
| 2000 | 3,217,700,000 |
| 2001 | 3,531,400,000 |
| 2002 | 3,903,500,000 |
| 2003 | 4,404,200,000 |
| 2004 | 5,078,500,000 |
| 2005 | 5,937,000,000 |
| 2006 | 7,615,400,000 |
| 2007 | 9,659,900,000 |
| 2008 | 11,580,800,000 |
| 2009 | 10,909,500,000 |
| 2010 | 13,764,900,000 |
| 2011 | 15,721,100,000 |
| 2012 | 16,805,600,000 |
| 2013 | 17,781,300,000 |
| 2014 | 19,188,000,000 |
| 2015 | 21,046,200,000 |
| 2016 | 22,040,700,000 |
| 2017 | 24,564,400,000 |
| 2018 | 26,879,600,000 |
| 2019 | 29,929,610,000 |
| 2020 | 29,112,220,000 |
Services, value added (constant 2010 US$)
The latest value for Services, value added (constant 2010 US$) in Georgia was 10,463,660,000 as of 2020. Over the past 17 years, the value for this indicator has fluctuated between 11,381,590,000 in 2019 and 4,364,948,000 in 2003.
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 |
|---|---|
| 2003 | 4,364,948,000 |
| 2004 | 4,684,292,000 |
| 2005 | 5,013,343,000 |
| 2006 | 5,590,312,000 |
| 2007 | 6,315,725,000 |
| 2008 | 6,744,218,000 |
| 2009 | 6,448,443,000 |
| 2010 | 7,438,117,000 |
| 2011 | 7,881,027,000 |
| 2012 | 8,368,576,000 |
| 2013 | 8,641,523,000 |
| 2014 | 8,938,661,000 |
| 2015 | 9,274,314,000 |
| 2016 | 9,531,088,000 |
| 2017 | 10,134,240,000 |
| 2018 | 10,704,550,000 |
| 2019 | 11,381,590,000 |
| 2020 | 10,463,660,000 |
Services, value added (annual % growth)
The value for Services, value added (annual % growth) in Georgia was -8.07 as of 2020. As the graph below shows, over the past 16 years this indicator reached a maximum value of 15.35 in 2010 and a minimum value of -8.07 in 2020.
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 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2004 | 7.32 |
| 2005 | 7.02 |
| 2006 | 11.51 |
| 2007 | 12.98 |
| 2008 | 6.78 |
| 2009 | -4.39 |
| 2010 | 15.35 |
| 2011 | 5.95 |
| 2012 | 6.19 |
| 2013 | 3.26 |
| 2014 | 3.44 |
| 2015 | 3.76 |
| 2016 | 2.77 |
| 2017 | 6.33 |
| 2018 | 5.63 |
| 2019 | 6.32 |
| 2020 | -8.07 |
Services, value added (constant LCU)
The value for Services, value added (constant LCU) in Georgia was 23,745,310,000 as of 2020. As the graph below shows, over the past 17 years this indicator reached a maximum value of 25,828,370,000 in 2019 and a minimum value of 9,905,423,000 in 2003.
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 |
|---|---|
| 2003 | 9,905,423,000 |
| 2004 | 10,630,110,000 |
| 2005 | 11,376,830,000 |
| 2006 | 12,686,160,000 |
| 2007 | 14,332,340,000 |
| 2008 | 15,304,730,000 |
| 2009 | 14,633,520,000 |
| 2010 | 16,879,400,000 |
| 2011 | 17,884,500,000 |
| 2012 | 18,990,900,000 |
| 2013 | 19,610,300,000 |
| 2014 | 20,284,600,000 |
| 2015 | 21,046,300,000 |
| 2016 | 21,629,000,000 |
| 2017 | 22,997,740,000 |
| 2018 | 24,291,960,000 |
| 2019 | 25,828,370,000 |
| 2020 | 23,745,310,000 |
Services, value added (% of GDP)
Services, value added (% of GDP) in Georgia was 59.09 as of 2020. Its highest value over the past 40 years was 63.08 in 2010, while its lowest value was 22.92 in 1992.
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 or 4.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1980 | 37.17 |
| 1981 | 36.59 |
| 1982 | 36.15 |
| 1983 | 37.12 |
| 1984 | 35.71 |
| 1985 | 32.14 |
| 1986 | 34.31 |
| 1987 | 35.21 |
| 1988 | 35.62 |
| 1989 | 34.72 |
| 1990 | 33.33 |
| 1991 | 31.77 |
| 1992 | 22.92 |
| 1996 | 41.36 |
| 1997 | 44.80 |
| 1998 | 48.02 |
| 1999 | 49.21 |
| 2000 | 53.25 |
| 2001 | 52.91 |
| 2002 | 52.35 |
| 2003 | 51.43 |
| 2004 | 51.69 |
| 2005 | 51.09 |
| 2006 | 55.22 |
| 2007 | 56.84 |
| 2008 | 60.71 |
| 2009 | 60.66 |
| 2010 | 63.08 |
| 2011 | 61.70 |
| 2012 | 61.72 |
| 2013 | 62.19 |
| 2014 | 61.65 |
| 2015 | 62.02 |
| 2016 | 61.50 |
| 2017 | 60.26 |
| 2018 | 60.27 |
| 2019 | 60.77 |
| 2020 | 59.09 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
