United States - Services, value added (constant LCU)

The value for Services, value added (constant LCU) in United States was 15,358,100,000,000 as of 2019. As the graph below shows, over the past 22 years this indicator reached a maximum value of 15,358,100,000,000 in 2019 and a minimum value of 9,145,600,000,000 in 1997.

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
1997 9,145,600,000,000
1998 9,554,140,000,000
1999 9,978,140,000,000
2000 10,353,200,000,000
2001 10,578,700,000,000
2002 10,815,700,000,000
2003 11,093,000,000,000
2004 11,439,200,000,000
2005 11,899,900,000,000
2006 12,208,300,000,000
2007 12,418,300,000,000
2008 12,494,200,000,000
2009 12,344,600,000,000
2010 12,634,000,000,000
2011 12,846,800,000,000
2012 13,131,500,000,000
2013 13,276,900,000,000
2014 13,607,200,000,000
2015 14,003,600,000,000
2016 14,287,300,000,000
2017 14,620,000,000,000
2018 15,023,600,000,000
2019 15,358,100,000,000

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