Services value added, billion USD, 2020 - Country rankings:
The average for 2020 based on 169 countries was 195.07 billion U.S. dollars.The highest value was in China: 8027.72 billion U.S. dollars and the lowest value was in Palau: 0.19 billion U.S. dollars. The indicator is available from 1960 to 2020. Below is a chart for all countries where data are available.
Measure: billion U.S. dollars; Source: The World Bank
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.