Services, etc., value added (annual % growth) - Country Ranking

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.

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

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Nauru 11.58 2015
2 Uzbekistan 11.40 2016
3 Bhutan 9.98 2016
4 Côte d'Ivoire 9.15 2016
5 Ethiopia 8.59 2016
6 Armenia 8.48 2016
7 Romania 8.11 2016
8 Myanmar 8.03 2016
9 Turkmenistan 7.90 2006
10 Solomon Islands 7.90 2006
11 China 7.76 2016
12 India 7.74 2016
13 Philippines 7.44 2016
14 Mauritania 7.44 2016
15 Tanzania 7.27 2016
16 Burkina Faso 7.25 2016
17 Rwanda 7.10 2016
18 Kenya 7.06 2016
19 Vietnam 6.98 2016
20 Samoa 6.95 2016
21 Cambodia 6.75 2016
22 Botswana 6.59 2016
23 Senegal 6.53 2016
24 Ireland 6.36 2016
25 Bangladesh 6.25 2016
26 Mali 6.22 2016
27 Dominican Republic 6.16 2016
28 Lebanon 6.10 2016
29 Syrian Arab Republic 6.08 2002
30 Guinea-Bissau 6.03 2016
31 Ghana 5.99 2016
32 Uganda 5.94 2016
33 Malaysia 5.73 2016
34 Indonesia 5.60 2016
35 Pakistan 5.55 2016
36 Trinidad and Tobago 5.51 2016
37 Qatar 5.46 2016
38 Malawi 5.29 2016
39 Nicaragua 5.18 2016
40 The Gambia 5.10 2016
41 Albania 5.10 2016
42 Costa Rica 5.02 2016
43 Sierra Leone 4.99 2016
44 Madagascar 4.82 2016
45 Bolivia 4.81 2016
46 Lao PDR 4.65 2016
47 Zimbabwe 4.65 2016
48 Panama 4.61 2016
49 Dem. Rep. Congo 4.59 2016
50 Israel 4.54 2016
51 Seychelles 4.49 2014
52 Cameroon 4.47 2016
53 Mauritius 4.35 2015
54 Thailand 4.31 2016
55 Central African Republic 4.25 2016
56 Antigua and Barbuda 4.25 2016
57 Eritrea 4.23 2009
58 Tajikistan 4.18 2015
59 Sri Lanka 4.18 2016
60 Mozambique 4.05 2016
61 Namibia 4.02 2016
62 Iceland 4.00 2015
63 Poland 3.94 2016
64 Sudan 3.81 2016
65 Kyrgyz Republic 3.74 2016
66 Peru 3.73 2016
67 Iran 3.68 2016
68 Kiribati 3.65 2013
69 Benin 3.59 2016
70 Egypt 3.52 2016
71 Slovenia 3.47 2016
72 Mexico 3.37 2016
73 Lithuania 3.34 2016
74 Hungary 3.32 2016
75 Niger 3.31 2016
76 Cabo Verde 3.31 2016
77 Estonia 3.31 2016
78 Guatemala 3.29 2016
79 Togo 3.28 2016
80 Honduras 3.27 2016
81 Gabon 3.23 2016
82 Swaziland 3.21 2016
83 Cuba 3.21 2015
84 Guinea 3.20 2016
85 Bahrain 3.18 2015
86 Turkey 3.16 2016
87 St. Kitts and Nevis 3.15 2016
88 Australia 3.14 2016
89 Sweden 3.09 2016
90 Bulgaria 3.08 2016
91 Spain 3.04 2016
92 Comoros 3.02 2014
93 Belize 2.99 2016
94 Timor-Leste 2.87 2015
95 Colombia 2.82 2016
96 Zambia 2.81 2016
97 Serbia 2.79 2016
98 Morocco 2.71 2016
99 Chile 2.68 2016
100 Luxembourg 2.65 2016
101 United States 2.62 2015
102 Jordan 2.61 2016
103 Hong Kong SAR, China 2.57 2016
104 Cyprus 2.55 2016
105 Djibouti 2.54 2005
106 Croatia 2.53 2016
107 Puerto Rico 2.49 1992
108 Korea 2.44 2016
109 Latvia 2.43 2016
110 Grenada 2.42 2016
111 New Zealand 2.41 2015
112 Vanuatu 2.37 2014
113 Algeria 2.20 2016
114 Canada 2.19 2016
115 São Tomé and Principe 2.14 2016
116 Georgia 2.12 2016
117 El Salvador 2.11 2016
118 Liberia 2.10 2016
119 Barbados 2.08 2016
120 Tonga 2.05 2016
121 Nepal 2.01 2016
122 Netherlands 1.99 2016
123 Bosnia and Herzegovina 1.95 2016
124 Germany 1.94 2016
125 Afghanistan 1.90 2016
126 Kuwait 1.88 2016
127 United Arab Emirates 1.86 2016
128 Uruguay 1.72 2016
129 United Kingdom 1.70 2016
130 Portugal 1.63 2016
131 Czech Republic 1.62 2016
132 Norway 1.54 2016
133 Oman 1.53 2015
134 Belgium 1.48 2016
135 Mongolia 1.48 2016
136 Switzerland 1.47 2016
137 Paraguay 1.43 2016
138 Slovak Republic 1.42 2016
139 Fiji 1.41 2016
140 Austria 1.39 2016
141 Ukraine 1.39 2016
142 South Africa 1.37 2016
143 Moldova 1.34 2016
144 Finland 1.34 2016
145 France 1.30 2016
146 Lesotho 1.25 2016
147 Haiti 1.24 2016
148 Singapore 1.19 2016
149 Denmark 1.19 2016
150 Japan 1.08 2015
151 Kazakhstan 0.89 2016
152 Saudi Arabia 0.77 2016
153 Palau 0.62 2016
154 Tunisia 0.61 2015
155 Burundi 0.59 2016
156 Jamaica 0.57 2016
157 Italy 0.55 2016
158 Guyana 0.54 2016
159 Tuvalu 0.45 2015
160 St. Vincent and the Grenadines 0.30 2016
161 Papua New Guinea 0.22 2014
162 Macedonia 0.21 2016
163 St. Lucia 0.01 2016
164 Argentina -0.04 2016
165 Greenland -0.15 2015
166 Russia -0.55 2016
167 Nigeria -0.82 2016
168 Dominica -1.15 2016
169 Venezuela -1.34 2014
170 Congo -1.54 2016
171 Brunei -1.59 2016
172 The Bahamas -1.85 2016
173 Azerbaijan -1.92 2016
174 Equatorial Guinea -1.94 2016
175 Ecuador -2.05 2016
176 Greece -2.55 2016
177 Brazil -2.59 2016
178 Belarus -2.91 2016
179 Yemen -6.00 2016
180 Iraq -7.23 2016
181 Somalia -7.61 1990
182 Chad -8.40 2016
183 Suriname -15.40 2016
184 Montenegro -20.62 2016

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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: Weighted average

Periodicity: Annual

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