Value added is the net out put 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. Data are in current local currency. Value added is the net out put 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.
Data are in current U.S. dollars.
In general, a Laspeyres index formula is used. Food price indexes are a subindex of the consumer price index. WDI 4.1 5. GDP implicit deflator measures the average annual rate of price change in the economy as a whole for the periods shown. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time.