Honduras - Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Honduras was 58.30 as of 2016. Its highest value over the past 56 years was 60.27 in 2009, while its lowest value was 40.57 in 1968.

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. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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

See also:

Year Value
1960 43.70
1961 42.86
1962 41.70
1963 42.74
1964 42.59
1965 40.82
1966 41.66
1967 40.71
1968 40.57
1969 42.13
1970 45.37
1971 46.02
1972 46.46
1973 45.14
1974 45.24
1975 47.76
1976 48.22
1977 46.21
1978 48.53
1979 50.04
1980 52.01
1981 54.68
1982 53.93
1983 53.49
1984 53.34
1985 54.18
1986 55.91
1987 56.12
1988 54.76
1989 54.21
1990 51.20
1991 49.96
1992 50.03
1993 49.29
1994 46.86
1995 47.77
1996 46.92
1997 47.12
1998 50.19
1999 51.71
2000 51.66
2001 54.72
2002 56.45
2003 57.17
2004 57.50
2005 57.62
2006 57.69
2007 58.43
2008 58.89
2009 60.27
2010 59.93
2011 56.93
2012 57.28
2013 59.55
2014 59.52
2015 58.54
2016 58.30

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: Weighted average

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