Mongolia - Services, value added (constant LCU)

The value for Services, value added (constant LCU) in Mongolia was 12,146,400,000,000 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of 12,994,300,000,000 in 2019 and a minimum value of 6,957,480,000,000 in 2010.

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
2010 6,957,480,000,000
2011 8,195,220,000,000
2012 9,036,550,000,000
2013 9,745,350,000,000
2014 10,503,200,000,000
2015 10,570,200,000,000
2016 10,858,100,000,000
2017 11,629,200,000,000
2018 12,216,700,000,000
2019 12,994,300,000,000
2020 12,146,400,000,000

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