Israel - Services, value added (constant LCU)

The value for Services, value added (constant LCU) in Israel was 919,198,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 938,702,000,000 in 2019 and a minimum value of 328,173,000,000 in 1995.

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.

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

Year Value
1995 328,173,000,000
1996 344,138,000,000
1997 356,473,000,000
1998 375,477,000,000
1999 396,236,000,000
2000 431,537,000,000
2001 442,532,000,000
2002 449,147,000,000
2003 460,489,000,000
2004 488,485,000,000
2005 506,079,000,000
2006 540,421,000,000
2007 573,648,000,000
2008 603,161,000,000
2009 614,453,000,000
2010 633,620,000,000
2011 676,184,000,000
2012 704,242,000,000
2013 740,274,000,000
2014 774,543,000,000
2015 799,321,000,000
2016 836,665,000,000
2017 876,385,000,000
2018 900,873,000,000
2019 938,702,000,000
2020 919,198,000,000

Base Period: varies by country

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