Macedonia: Services value added
(measure: billion U.S. dollars; Source: The World Bank)
* indicates monthly or quarterly data series
Macedonia: Services value added, billion USD: For that indicator, The World Bank provides data for Macedonia from 1990 to 2017. The average value for Macedonia during that period was 3.48 billion U.S. dollars with a minumum of 0.91 billion U.S. dollars in 1992 and a maximum of 6.15 billion U.S. dollars in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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.