North Macedonia - Services, value added (current LCU)

The value for Services, value added (current LCU) in North Macedonia was 378,416,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 380,941,000,000 in 2019 and a minimum value of 210,364,000 in 1990.

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
1990 210,364,000
1991 390,723,000
1992 4,618,811,000
1993 28,042,430,000
1994 69,135,510,000
1995 81,347,560,000
1996 85,475,910,000
1997 84,177,530,000
1998 89,037,630,000
1999 97,726,190,000
2000 131,273,000,000
2001 137,229,000,000
2002 136,794,000,000
2003 140,746,000,000
2004 152,169,000,000
2005 172,011,000,000
2006 188,468,000,000
2007 211,326,000,000
2008 228,632,000,000
2009 236,705,000,000
2010 240,926,000,000
2011 255,743,000,000
2012 262,808,000,000
2013 275,261,000,000
2014 284,006,000,000
2015 300,327,000,000
2016 318,510,000,000
2017 337,110,000,000
2018 359,000,000,000
2019 380,941,000,000
2020 378,416,000,000

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