Nepal - Services, value added (constant LCU)

The value for Services, value added (constant LCU) in Nepal was 1,117,370,000,000 as of 2020. As the graph below shows, over the past 55 years this indicator reached a maximum value of 1,163,510,000,000 in 2019 and a minimum value of 128,338,000,000 in 1973.

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
1965 138,593,000,000
1966 140,238,000,000
1967 143,024,000,000
1968 143,946,000,000
1969 151,246,000,000
1970 158,407,000,000
1971 148,687,000,000
1972 156,208,000,000
1973 128,338,000,000
1974 137,064,000,000
1975 138,069,000,000
1976 146,963,000,000
1977 153,712,000,000
1978 164,176,000,000
1979 167,220,000,000
1980 169,385,000,000
1981 175,696,000,000
1982 180,653,000,000
1983 171,299,000,000
1984 189,787,000,000
1985 197,435,000,000
1986 207,583,000,000
1987 216,450,000,000
1988 230,947,000,000
1989 240,344,000,000
1990 248,758,000,000
1991 272,480,000,000
1992 290,390,000,000
1993 309,257,000,000
1994 331,867,000,000
1995 348,814,000,000
1996 368,240,000,000
1997 386,407,000,000
1998 408,897,000,000
1999 430,450,000,000
2000 457,171,000,000
2001 483,305,000,000
2002 474,719,000,000
2003 492,182,000,000
2004 525,747,000,000
2005 543,243,000,000
2006 573,818,000,000
2007 599,705,000,000
2008 643,783,000,000
2009 682,423,000,000
2010 722,179,000,000
2011 746,913,000,000
2012 780,382,000,000
2013 813,958,000,000
2014 863,198,000,000
2015 909,576,000,000
2016 920,370,000,000
2017 997,497,000,000
2018 1,089,800,000,000
2019 1,163,510,000,000
2020 1,117,370,000,000

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