Guinea-Bissau - Services, value added (current LCU)

The value for Services, value added (current LCU) in Guinea-Bissau was 413,597,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 432,181,000,000 in 2019 and a minimum value of 13,530,800 in 1970.

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
1970 13,530,800
1971 13,986,200
1972 14,996,900
1973 17,255,400
1974 19,895,400
1975 18,653,900
1976 26,912,200
1977 22,084,600
1978 24,176,900
1979 25,849,300
1980 33,169,200
1981 35,549,300
1982 48,157,000
1983 68,104,600
1984 113,846,200
1985 134,107,700
1986 261,369,200
1987 405,830,400
1988 713,511,900
1989 1,897,596,000
1990 1,581,944,000
1991 4,955,212,000
1992 9,336,907,000
1993 12,187,840,000
1994 14,429,960,000
1995 21,754,640,000
1996 31,845,700,000
1997 46,350,000,000
1998 29,909,000,000
1999 36,829,800,000
2000 110,167,000,000
2001 132,465,000,000
2002 112,505,000,000
2003 105,954,000,000
2004 110,512,000,000
2005 120,648,000,000
2006 128,100,000,000
2007 138,864,000,000
2008 148,229,000,000
2009 159,065,000,000
2010 165,536,000,000
2011 210,225,000,000
2012 192,263,000,000
2013 207,232,000,000
2014 218,398,000,000
2015 225,755,000,000
2016 253,992,000,000
2017 254,979,000,000
2018 420,016,000,000
2019 432,181,000,000
2020 413,597,000,000

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