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

The latest value for Services, value added (constant 2010 US$) in Iran was 230,923,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 232,701,000,000 in 2017 and 14,850,660,000 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 14,850,660,000
1961 15,031,170,000
1962 15,703,920,000
1963 16,653,420,000
1964 18,606,610,000
1965 22,381,680,000
1966 24,143,540,000
1967 26,874,560,000
1968 30,122,460,000
1969 33,607,370,000
1970 36,787,110,000
1971 42,270,020,000
1972 51,463,360,000
1973 52,747,550,000
1974 73,508,210,000
1975 86,637,480,000
1976 98,167,960,000
1977 102,877,000,000
1978 106,158,000,000
1979 109,693,000,000
1980 105,786,000,000
1981 94,836,440,000
1982 92,475,610,000
1983 99,125,150,000
1984 97,152,220,000
1985 99,916,560,000
1986 85,400,760,000
1987 78,468,440,000
1988 70,267,310,000
1989 74,773,620,000
1990 82,228,460,000
1991 90,393,410,000
1992 93,799,240,000
1993 94,612,740,000
1994 96,775,150,000
1995 99,525,390,000
1996 104,942,000,000
1997 109,932,000,000
1998 113,289,000,000
1999 116,331,000,000
2000 119,395,000,000
2001 125,096,000,000
2002 133,071,000,000
2003 142,477,000,000
2004 152,682,000,000
2005 163,711,000,000
2006 175,404,000,000
2007 191,378,000,000
2008 188,922,000,000
2009 190,969,000,000
2010 201,147,000,000
2011 209,238,000,000
2012 212,342,000,000
2013 217,171,000,000
2014 220,268,000,000
2015 215,212,000,000
2016 222,905,000,000
2017 232,701,000,000
2018 231,357,000,000
2019 230,986,000,000
2020 230,923,000,000

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