Saint Vincent and the Grenadines

Value Added In The Services Sector

62.51
percent of GDP
Dec 78Dec 81Dec 85Dec 88Dec 91Dec 94Dec 97Dec 02Dec 06Dec 10Dec 13Dec 16Dec 200.00020.0040.0060.0080.00
  • Saint Vincent and the Grenadines
  • Global Median
Source: IMF

Definition of Value Added In The Services Sector

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.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING