Iraq - Services, value added (current LCU)

The value for Services, value added (current LCU) in Iraq was 107,849,000,000,000 as of 2020. As the graph below shows, over the past 52 years this indicator reached a maximum value of 123,667,000,000,000 in 2019 and a minimum value of 383,700,000 in 1968.

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 current local currency.

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

Year Value
1968 383,700,000
1969 417,200,000
1970 464,700,000
1971 493,900,000
1972 532,600,000
1973 582,500,000
1974 850,900,000
1975 1,088,100,000
1976 1,241,600,000
1977 1,463,300,000
1978 1,836,900,000
1979 2,630,900,000
1980 3,511,100,000
1981 4,568,700,000
1982 5,344,500,000
1983 5,665,800,000
1984 6,798,100,000
1985 6,844,300,000
1986 7,714,300,000
1987 8,669,400,000
1988 9,587,700,000
1989 10,198,600,000
1990 12,455,500,000
1991 16,023,000,000
1992 34,907,200,000
1993 90,386,500,000
1994 409,578,000,000
1995 1,007,760,000,000
1996 1,557,040,000,000
1997 2,570,510,000,000
1998 3,322,140,000,000
1999 4,676,130,000,000
2000 5,452,760,000,000
2001 6,645,310,000,000
2002 7,308,280,000,000
2003 6,449,560,000,000
2004 16,887,400,000,000
2005 22,073,400,000,000
2006 31,764,900,000,000
2007 39,473,500,000,000
2008 53,806,700,000,000
2009 56,878,500,000,000
2010 64,317,000,000,000
2011 72,765,700,000,000
2012 91,240,000,000,000
2013 103,863,000,000,000
2014 106,832,000,000,000
2015 99,773,300,000,000
2016 99,997,800,000,000
2017 104,258,000,000,000
2018 118,838,000,000,000
2019 123,667,000,000,000
2020 107,849,000,000,000

Periodicity: Annual

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts