Services, value added (current US$)

This indicator captures the economic contribution of the services sector, encompassing a wide array of industries classified under ISIC divisions 50-99. It includes value generated in essential sectors such as wholesale and retail trade—encompassing hospitality services—alongside transport and a variety of professional domains, including education, healthcare, and real estate. Additionally, it accounts for imputed bank service charges and import duties, enriching the overall economic landscape. Value added represents the net economic output after adjusting for all intermediate inputs, ensuring a clear assessment of productivity without accounting for asset depreciation or environmental resource depletion. By using current U.S. dollars, this indicator allows for a timely evaluation of the services sector's role in driving economic growth and development. Source: