Services, value added (constant 2015 US$)

This economic indicator reflects the contribution of various service sectors, encompassing a broad spectrum of industries defined by ISIC divisions 45 through 99. It captures the value generated from wholesale and retail trade, including hospitality and transportation, as well as an array of professional and personal services, such as education and healthcare. Additionally, it accounts for imputed income from bank services, import tariffs, and recognized discrepancies in national accounting. By focusing on value added, which is the net result of outputs minus intermediate consumption, this measure provides insight into economic health without considering the depreciation of assets or the environmental impact of resource use. The data, presented in constant 2015 U.S. dollars, allows for more accurate cross-temporal comparisons, shedding light on trends in the service economy. Source: