Services, etc., value added (current LCU)

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. Data are in current local currency.

Description: The map below shows how Services, etc., value added (current LCU) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Iran, with a value of 7,002,380,000,000,000.00. The country with the lowest value in the world is Tuvalu, with a value of 24,775,500.00.

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

See also: Country ranking, Time series comparison

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Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.