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Gross Value Added at Basic Prices - Worldbank
Gross Value Added at Basic Prices - Worldbank
Indonesia
Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value
added in the agriculture, industry and services sectors. If the value added of these sectors is
calculated at purchaser values, gross value added at factor cost is derived by subtracting net product
taxes from GDP. Data are in constant local currency.
ID: NY.GDP.FCST.KN
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
BasePeriod: varies by country
Long Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as
the sum of the value added in the agriculture, industry and services sectors. If the value added
of these sectors is calculated at purchaser values, gross value added at factor cost is derived
by subtracting net product taxes from GDP. Data are in constant local currency.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: Local currency at constant prices:
Aggregate indicators
All metadata
ID: NY.GDP.FCST.CN
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Long Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as
the sum of the value added in the agriculture, industry and services sectors. If the value added
of these sectors is calculated at purchaser values, gross value added at factor cost is derived
by subtracting net product taxes from GDP. Data are in current local currency.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: Local currency at current prices: Aggregate
indicators
All metadata
ID: NY.GDP.FCST.CD
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Aggregation Method: Gap-filled total
Long Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as
the sum of the value added in the agriculture, industry and services sectors. If the value added
of these sectors is calculated at purchaser values, gross value added at factor cost is derived
by subtracting net product taxes from GDP. Data are in current U.S. dollars.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: US$ at current prices: Aggregate indicators
All metadata
ID: NY.GDP.FCST.KD
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Aggregation Method: Gap-filled total
BasePeriod: 2010
Long Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as
the sum of the value added in the agriculture, industry and services sectors. If the value added
of these sectors is calculated at purchaser values, gross value added at factor cost is derived
by subtracting net product taxes from GDP. Data are in constant 2010 U.S. dollars.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Aggregate
indicators
All metadata
ID: NV.SRV.TOTL.CD
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Aggregation Method: Gap-filled total
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.
Long 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 and import duties. 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. Data are in current U.S. dollars.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: US$ at current prices: Value added
All metadata
ID: NV.SRV.TOTL.CN
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.
Long 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 and import duties. 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. Data are in current local currency.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: Local currency at current prices: Value added
All metadata
ID: NV.SRV.TOTL.KD.ZG
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Aggregation Method: Weighted average
Development Relevance: An economy's growth is measured by the change in the volume of
its output or in the real incomes of its residents. The 2008 United Nations System of National
Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of
gross domestic product (GDP), real gross domestic income, and real gross national income.
The volume of GDP is the sum of value added, measured at constant prices, by households,
government, and industries operating in the economy. GDP accounts for all domestic
production, regardless of whether the income accrues to domestic or foreign institutions.
Limitations and Exceptions: In the services industries, including most of government, value
added in constant prices is often imputed from labor inputs, such as real wages or number of
employees. In the absence of well defined measures of output, measuring the growth of
services remains difficult.
Long Definition: Annual growth rate for value added in services based on constant local
currency. Aggregates are based on constant 2010 U.S. dollars. 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.
Periodicity: Annual
Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of
value added by all its producers. Value added is the value of the gross output of producers less
the value of intermediate goods and services consumed in production, before accounting for
consumption of fixed capital in production. The United Nations System of National Accounts
calls for value added to be valued at either basic prices (excluding net taxes on products) or
producer prices (including net taxes on products paid by producers but excluding sales or value
added taxes). Both valuations exclude transport charges that are invoiced separately by
producers. Total GDP is measured at purchaser prices. Value added by industry is normally
measured at basic prices.
Topic: Economic Policy & Debt: National accounts: Growth rates
All metadata
ID: NV.SRV.TOTL.KD
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Aggregation Method: Gap-filled total
Development Relevance: An economy's growth is measured by the change in the volume of
its output or in the real incomes of its residents. The 2008 United Nations System of National
Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of
gross domestic product (GDP), real gross domestic income, and real gross national income.
The volume of GDP is the sum of value added, measured at constant prices, by households,
government, and industries operating in the economy. GDP accounts for all domestic
production, regardless of whether the income accrues to domestic or foreign institutions.
BasePeriod: 2010
Limitations and Exceptions: In the services industries, including most of government, value
added in constant prices is often imputed from labor inputs, such as real wages or number of
employees. In the absence of well defined measures of output, measuring the growth of
services remains difficult.
Long 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.
Periodicity: Annual
Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of
value added by all its producers. Value added is the value of the gross output of producers less
the value of intermediate goods and services consumed in production, before accounting for
consumption of fixed capital in production. The United Nations System of National Accounts
calls for value added to be valued at either basic prices (excluding net taxes on products) or
producer prices (including net taxes on products paid by producers but excluding sales or value
added taxes). Both valuations exclude transport charges that are invoiced separately by
producers. Total GDP is measured at purchaser prices. Value added by industry is normally
measured at basic prices.
Topic: Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Value added
All metadata
ID: NV.SRV.TOTL.KN
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
BasePeriod: varies by country
General Comments: Note: Data for OECD countries are based on ISIC, revision 4.
Long 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 and import duties. 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. Data are in constant local currency.
Periodicity: Annual
Topic: Economic Policy & Debt: National accounts: Local currency at constant prices: Value added
All metadata
ID: NV.SRV.TOTL.ZS
Source: World Bank national accounts data, and OECD National Accounts data files.
License: CC BY-4.0
Aggregation Method: Weighted average
Limitations and Exceptions: In the services industry the many self-employed workers and
one-person businesses are sometimes difficult to locate, and they have little incentive to
respond to surveys, let alone to report their full earnings. Compounding these problems are the
many forms of economic activity that go unrecorded, including the work that women and
children do for little or no pay.
Long Definition: Services correspond to ISIC divisions 50-99 and 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.
Periodicity: Annual
Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of
value added by all its producers. Value added is the value of the gross output of producers less
the value of intermediate goods and services consumed in production, before accounting for
consumption of fixed capital in production. The United Nations System of National Accounts
calls for value added to be valued at either basic prices (excluding net taxes on products) or
producer prices (including net taxes on products paid by producers but excluding sales or value
added taxes). Both valuations exclude transport charges that are invoiced separately by
producers. Total GDP is measured at purchaser prices. Value added by industry is normally
measured at basic prices. Financial intermediation services indirectly measured (FISIM) is an
indirect measure of the value of financial intermediation services (i.e. output) provided but for
which financial institutions do not charge explicitly as compared to explicit bank charges.
Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final
consumption to the users, many countries still make a global (negative) adjustment to the sum
of gross value added.
Topic: Economic Policy & Debt: National accounts: Shares of GDP & other
All metadata
ID: NV.SRV.EMPL.KD
Source: Derived using World Bank national accounts data and OECD National Accounts data
files, and employment data from International Labour Organization, ILOSTAT database.
License: CC BY-4.0
Aggregation Method: Weighted average
Development Relevance: Labor productivity is used to assess a country's economic ability to
create and sustain decent employment opportunities with fair and equitable remuneration.
Productivity increases obtained through investment, trade, technological progress, or changes
in work organization can increase social protection and reduce poverty, which in turn reduce
vulnerable employment and working poverty. Productivity increases do not guarantee these
improvements, but without them—and the economic growth they bring—improvements are
highly unlikely. Please also see GDP per person employed (constant 2011 PPP $)
[SL.GDP.PCAP.EM.KD], which is a key measure for monitoring the Sustainable Development
Goal 8 of promoting sustained, inclusive and sustainable economic growth, full and productive
employment and decent work for all.
BasePeriod: 2010
Limitations and Exceptions: For comparability of individual sectors labor productivity is
estimated according to national accounts conventions. However, there are still significant
limitations on the availability of reliable data. Information on consistent series of output is not
easily available, especially in low- and middle-income countries, because the definition,
coverage, and methodology are not always consistent across countries. For more details, see
Agriculture, value added (constant 2010 US$) [NV.AGR.TOTL.KD], Industry, value added
(constant 2010 US$) [NV.IND.TOTL.KD], and Services, etc., value added (constant 2010 US$)
[NV.SRV.TOTL.KD].
Long Definition: Value added per worker is a measure of labor productivity—value added per
unit of input. Value added denotes the net output of a sector after adding up all outputs and
subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Services corresponds
to the International Standard Industrial Classification (ISIC) tabulation categories G-P (revision
3) or tabulation categories G-U (revision 4), and includes wholesale and retail trade and
restaurants and hotels; transport, storage, and communications; financing, insurance, real
estate, and business services; and community, social and personal services.
Othernotes: Caution should be used for aggregates (population-weighted averages); world
totals can be presented without a large economy such as USA.
Periodicity: Annual
Statistical Concept and Methodology: Value added per worker is calculated by dividing
value added of a sector by the number employed in the sector. Gross domestic product (GDP)
represents the sum of value added by all producers. Value added is the value of the gross
output of producers less the value of intermediate goods and services consumed in production,
before accounting for consumption of fixed capital in production. The United Nations System of
National Accounts calls for value added to be valued at either basic prices (excluding net taxes
on products) or producer prices (including net taxes on products paid by producers but
excluding sales or value added taxes). Both valuations exclude transport charges that are
invoiced separately by producers. Value added by industry is normally measured at basic
prices, while total GDP is measured at purchaser prices. Data on employment are modeled
estimates by the International Labour Organization (ILO) ILOSTAT database. The concept of
employment generally refers to people above a certain age who worked, or who held a job,
during a reference period. Employment data include both full-time and part-time workers.
Topic: Economic Policy & Debt: National accounts: US$ at constant 2010 prices: Value added
All metadata
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