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

The latest value for Services, value added (constant 2010 US$) in Honduras was 13,355,570,000 as of 2018. Over the past 58 years, the value for this indicator has fluctuated between 13,355,570,000 in 2018 and 848,937,900 in 1960.

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
1960 848,937,900
1961 861,523,200
1962 896,561,900
1963 941,611,700
1964 989,664,800
1965 1,049,877,000
1966 1,107,655,000
1967 1,138,117,000
1968 1,196,038,000
1969 1,256,820,000
1970 1,344,346,000
1971 1,361,507,000
1972 1,487,361,000
1973 1,574,601,000
1974 1,601,774,000
1975 1,744,789,000
1976 1,935,000,000
1977 2,082,306,000
1978 2,168,249,000
1979 2,294,330,000
1980 2,413,966,000
1981 2,445,993,000
1982 2,409,913,000
1983 2,435,328,000
1984 2,512,028,000
1985 2,657,727,000
1986 2,756,294,000
1987 2,914,765,000
1988 3,060,277,000
1989 3,204,586,000
1990 3,152,992,000
1991 3,140,205,000
1992 3,325,860,000
1993 3,638,082,000
1994 3,566,825,000
1995 3,720,044,000
1996 3,826,935,000
1997 4,128,844,000
1998 4,409,970,000
1999 4,578,171,000
2000 5,038,984,000
2001 5,289,732,000
2002 5,584,030,000
2003 5,912,622,000
2004 6,413,875,000
2005 7,008,942,000
2006 7,689,199,000
2007 8,452,422,000
2008 9,067,089,000
2009 9,151,106,000
2010 9,604,257,000
2011 10,030,930,000
2012 10,472,710,000
2013 10,855,890,000
2014 11,303,280,000
2015 11,843,910,000
2016 12,302,300,000
2017 12,833,100,000
2018 13,355,570,000

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