Liberia: Services value added
* indicates monthly or quarterly data series
Liberia |
Services value added, billion USD |
---|---|
Latest value | 1.67 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 2000 - 2023 |
Average | 0.90 |
Min - Max | 0.17 - 1.67 |
Source | The World Bank |
The latest value from 2023 is 1.67 billion U.S. dollars, an increase from 1.49 billion U.S. dollars in 2022. In comparison, the world average is 258.63 billion U.S. dollars, based on data from 152 countries. Historically, the average for Liberia from 2000 to 2023 is 0.9 billion U.S. dollars. The minimum value, 0.17 billion U.S. dollars, was reached in 2000 while the maximum of 1.67 billion U.S. dollars was recorded in 2023.
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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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Share of industry | 22.88 | 2023 | percent |
Share of manufacturing | 2.28 | 2011 | percent |
Share of services | 38.50 | 2023 | percent |
Industry value added | 0.99 | 2023 | billion U.S. dollars |
Manufacturing value added | 0.05 | 2011 | billion U.S. dollars |
Services value added | 1.67 | 2023 | billion U.S. dollars |