Services, 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 or 4.

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 The Gambia 9.90 2018
2 Armenia 9.60 2018
3 Côte d'Ivoire 9.16 2018
4 Monaco 8.87 2014
5 Ethiopia 8.83 2018
6 Rwanda 8.81 2018
7 Mauritania 8.43 2018
8 Iceland 7.96 2016
9 Turkmenistan 7.90 2006
10 Uganda 7.84 2018
11 Myanmar 7.67 2018
12 China 7.62 2018
13 Togo 7.61 2018
14 India 7.53 2018
15 Nepal 7.16 2018
16 Ireland 7.09 2018
17 Vietnam 7.03 2018
18 Tajikistan 7.02 2018
19 Poland 6.96 2018
20 Malaysia 6.91 2018
21 Lao PDR 6.79 2018
22 Zambia 6.78 2018
23 Macao SAR, China 6.77 2018
24 Philippines 6.77 2018
25 Benin 6.76 2018
26 Bhutan 6.74 2017
27 Cambodia 6.73 2018
28 Senegal 6.69 2018
29 Kenya 6.66 2018
30 Hungary 6.43 2018
31 Bangladesh 6.39 2018
32 Oman 6.38 2018
33 Niger 6.38 2018
34 Pakistan 6.25 2018
35 Burkina Faso 6.00 2018
36 Dominican Republic 5.91 2018
37 Indonesia 5.83 2018
38 Georgia 5.69 2018
39 Uzbekistan 5.39 2018
40 Tanzania 5.28 2017
41 Paraguay 5.27 2018
42 Bolivia 5.26 2018
43 Antigua and Barbuda 5.22 2018
44 Moldova 5.19 2018
45 Panama 5.12 2017
46 Thailand 5.10 2018
47 Mongolia 5.03 2018
48 Egypt 4.96 2018
49 Azerbaijan 4.84 2018
50 Equatorial Guinea 4.83 2018
51 Seychelles 4.77 2017
52 Djibouti 4.72 2018
53 Sri Lanka 4.70 2018
54 Mali 4.70 2018
55 Iraq 4.65 2018
56 Turkey 4.58 2018
57 Guyana 4.48 2018
58 Cameroon 4.41 2018
59 Iran 4.39 2017
60 Cabo Verde 4.39 2018
61 Central African Republic 4.37 2018
62 Montenegro 4.26 2018
63 Bulgaria 4.26 2018
64 Guinea 4.21 2018
65 Czech Republic 4.15 2018
66 Mauritius 4.14 2018
67 St. Kitts and Nevis 4.13 2018
68 Peru 4.11 2018
69 Serbia 4.08 2018
70 Honduras 4.07 2018
71 Guinea-Bissau 4.01 2018
72 Lithuania 4.00 2018
73 Sierra Leone 4.00 2018
74 Malawi 3.98 2017
75 Botswana 3.96 2018
76 Kazakhstan 3.90 2018
77 Chile 3.82 2018
78 Estonia 3.78 2018
79 Guatemala 3.76 2018
80 Slovenia 3.65 2018
81 Israel 3.61 2018
82 Latvia 3.59 2018
83 Algeria 3.54 2018
84 New Zealand 3.53 2017
85 Afghanistan 3.51 2018
86 Albania 3.50 2018
87 Ukraine 3.49 2018
88 Zimbabwe 3.45 2018
89 Colombia 3.45 2018
90 Hong Kong SAR, China 3.38 2018
91 Comoros 3.35 2018
92 Belarus 3.34 2018
93 Kiribati 3.28 2017
94 North Macedonia 3.27 2018
95 The Bahamas 3.24 2018
96 St. Lucia 3.19 2018
97 Cayman Islands 3.16 2017
98 Eswatini 3.10 2018
99 Bosnia and Herzegovina 3.06 2018
100 Mozambique 3.02 2018
101 Singapore 3.00 2018
102 Cyprus 2.96 2018
103 Palau 2.93 2018
104 Mexico 2.89 2018
105 Australia 2.83 2018
106 Korea 2.82 2018
107 Kuwait 2.82 2018
108 Costa Rica 2.79 2018
109 Romania 2.75 2018
110 Croatia 2.75 2018
111 Timor-Leste 2.73 2017
112 Ghana 2.72 2018
113 Spain 2.72 2018
114 Morocco 2.69 2018
115 Saudi Arabia 2.55 2018
116 São Tomé and Principe 2.54 2018
117 Norway 2.52 2018
118 Canada 2.46 2018
119 Switzerland 2.45 2018
120 El Salvador 2.43 2018
121 Netherlands 2.41 2018
122 Tunisia 2.40 2018
123 Grenada 2.38 2018
124 Bahrain 2.35 2018
125 Jordan 2.33 2018
126 Luxembourg 2.29 2018
127 Sweden 2.26 2018
128 Belize 2.23 2018
129 Belgium 2.21 2018
130 Cuba 2.16 2018
131 Russia 2.16 2018
132 France 2.15 2018
133 Ecuador 2.15 2018
134 Qatar 2.13 2018
135 United States 2.08 2017
136 Kyrgyz Republic 2.07 2018
137 Barbados 2.03 2016
138 Portugal 2.01 2018
139 Denmark 1.90 2018
140 Lebanon 1.87 2018
141 United Kingdom 1.84 2018
142 Finland 1.84 2018
143 Uruguay 1.83 2018
144 Nigeria 1.83 2018
145 Chad 1.74 2018
146 Austria 1.68 2018
147 St. Vincent and the Grenadines 1.68 2018
148 Haiti 1.54 2018
149 Greece 1.48 2018
150 Angola 1.48 2017
151 Germany 1.47 2018
152 United Arab Emirates 1.40 2018
153 Papua New Guinea 1.39 2017
154 Lesotho 1.39 2018
155 Dem. Rep. Congo 1.33 2018
156 South Africa 1.32 2018
157 Brazil 1.30 2018
158 Samoa 1.18 2018
159 Fiji 1.15 2018
160 Slovak Republic 1.08 2018
161 Madagascar 0.91 2018
162 Jamaica 0.87 2018
163 Greenland 0.86 2018
164 Brunei 0.78 2018
165 Burundi 0.74 2018
166 Gabon 0.65 2018
167 Italy 0.56 2018
168 Suriname 0.08 2018
169 Trinidad and Tobago -0.19 2018
170 Venezuela -0.36 2014
171 Argentina -0.58 2018
172 Japan -1.24 2017
173 Namibia -2.30 2018
174 Yemen -2.82 2018
175 Sudan -3.19 2018
176 Congo -4.40 2018
177 Liberia -4.57 2018
178 Nicaragua -4.67 2018
179 Dominica -7.33 2018

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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