United States - Services

Services, value added per worker (constant 2010 US$)

The latest value for Services, value added per worker (constant 2010 US$) in United States was 121,014 as of 2019. Over the past 22 years, the value for this indicator has fluctuated between 121,014 in 2019 and 93,357 in 1997.

Definition: Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Services corresponds to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision 3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and restaurants and hotels; transport, storage, and communications; financing, insurance, real estate, and business services; and community, social and personal services.

Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.

See also:

Year Value
1997 93,357
1998 95,504
1999 97,724
2000 99,388
2001 100,596
2002 102,093
2003 104,026
2004 105,850
2005 107,999
2006 109,041
2007 109,545
2008 109,403
2009 110,081
2010 112,865
2011 114,002
2012 114,133
2013 114,662
2014 115,516
2015 116,942
2016 117,223
2017 117,965
2018 119,878
2019 121,014

Services, value added (current US$)

The latest value for Services, value added (current US$) in United States was $16,571,100,000,000 as of 2019. Over the past 22 years, the value for this indicator has fluctuated between $16,571,100,000,000 in 2019 and $6,159,460,000,000 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 current U.S. dollars.

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

See also:

Year Value
1997 $6,159,460,000,000
1998 $6,563,280,000,000
1999 $7,001,330,000,000
2000 $7,465,370,000,000
2001 $7,831,860,000,000
2002 $8,189,250,000,000
2003 $8,549,070,000,000
2004 $9,057,610,000,000
2005 $9,649,200,000,000
2006 $10,181,800,000,000
2007 $10,680,300,000,000
2008 $10,964,900,000,000
2009 $11,045,300,000,000
2010 $11,424,900,000,000
2011 $11,791,100,000,000
2012 $12,333,800,000,000
2013 $12,718,600,000,000
2014 $13,287,800,000,000
2015 $14,003,600,000,000
2016 $14,532,000,000,000
2017 $15,095,900,000,000
2018 $15,847,500,000,000
2019 $16,571,100,000,000

Services, value added (current LCU)

The value for Services, value added (current LCU) in United States was 16,571,100,000,000 as of 2019. As the graph below shows, over the past 22 years this indicator reached a maximum value of 16,571,100,000,000 in 2019 and a minimum value of 6,159,460,000,000 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 current local currency.

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

Year Value
1997 6,159,460,000,000
1998 6,563,280,000,000
1999 7,001,330,000,000
2000 7,465,370,000,000
2001 7,831,860,000,000
2002 8,189,250,000,000
2003 8,549,070,000,000
2004 9,057,610,000,000
2005 9,649,200,000,000
2006 10,181,800,000,000
2007 10,680,300,000,000
2008 10,964,900,000,000
2009 11,045,300,000,000
2010 11,424,900,000,000
2011 11,791,100,000,000
2012 12,333,800,000,000
2013 12,718,600,000,000
2014 13,287,800,000,000
2015 14,003,600,000,000
2016 14,532,000,000,000
2017 15,095,900,000,000
2018 15,847,500,000,000
2019 16,571,100,000,000

Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in United States was 15,358,100,000,000 as of 2019. Over the past 22 years, the value for this indicator has fluctuated between 15,358,100,000,000 in 2019 and 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, 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
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

Services, value added (annual % growth)

The value for Services, value added (annual % growth) in United States was 2.23 as of 2019. As the graph below shows, over the past 21 years this indicator reached a maximum value of 4.47 in 1998 and a minimum value of -1.20 in 2009.

Definition: Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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

See also:

Year Value
1998 4.47
1999 4.44
2000 3.76
2001 2.18
2002 2.24
2003 2.56
2004 3.12
2005 4.03
2006 2.59
2007 1.72
2008 0.61
2009 -1.20
2010 2.34
2011 1.68
2012 2.22
2013 1.11
2014 2.49
2015 2.91
2016 2.03
2017 2.33
2018 2.76
2019 2.23

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

Services, value added (% of GDP)

Services, value added (% of GDP) in United States was 77.31 as of 2019. Its highest value over the past 22 years was 77.52 in 2016, while its lowest value was 71.81 in 1997.

Definition: Services correspond to ISIC divisions 50-99 and 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.

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

See also:

Year Value
1997 71.81
1998 72.42
1999 72.70
2000 72.82
2001 74.01
2002 74.88
2003 74.61
2004 74.16
2005 74.02
2006 73.70
2007 73.90
2008 74.53
2009 76.44
2010 76.21
2011 75.86
2012 76.15
2013 75.77
2014 75.81
2015 76.78
2016 77.52
2017 77.24
2018 76.89
2019 77.31

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts