Services, value added (constant 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 and import duties. 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 constant local currency.
Description: The map below shows how Services, value added (constant 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 Indonesia, with a value of 4,542,700,000,000,000.00. The country with the lowest value in the world is Kiribati, with a value of 121,946,700.00.
Source: World Bank national accounts data, and OECD National Accounts data files.
Base Period: varies by country
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.