Togo - Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in Togo was 1,393,075,000 as of 2020. Over the past 55 years, the value for this indicator has fluctuated between 1,393,075,000 in 2020 and 275,863,600 in 1965.

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, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 or 4. Data are in constant 2010 U.S. dollars.

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

See also:

Year Value
1965 275,863,600
1966 296,650,800
1967 301,217,500
1968 317,430,700
1969 366,247,200
1970 410,663,000
1971 408,782,900
1972 431,771,800
1973 439,797,800
1974 462,648,400
1975 472,861,100
1976 449,839,400
1977 494,368,500
1978 561,059,600
1979 519,851,800
1980 587,692,700
1981 592,239,700
1982 570,641,700
1983 526,308,800
1984 525,740,600
1985 530,230,700
1986 546,770,200
1987 547,338,600
1988 556,432,500
1989 566,072,800
1990 562,940,900
1991 539,617,300
1992 506,436,000
1993 376,031,500
1994 480,698,000
1995 497,949,200
1996 515,510,000
1997 683,332,900
1998 691,704,100
1999 690,567,400
2000 694,546,000
2001 638,076,800
2002 600,799,400
2003 671,606,600
2004 697,115,800
2005 643,712,400
2006 715,645,000
2007 759,905,100
2008 681,081,500
2009 659,221,900
2010 691,717,200
2011 733,494,800
2012 1,006,030,000
2013 1,109,578,000
2014 1,116,603,000
2015 1,146,243,000
2016 1,186,171,000
2017 1,238,706,000
2018 1,321,001,000
2019 1,380,457,000
2020 1,393,075,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

Limitations and Exceptions: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Gap-filled total

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts