Philippines - Services, etc., value added (annual % growth)

Services, etc., value added (annual % growth) in Philippines was at 6.8425 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 philippines services etc  value added annual percent growth wb data




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Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2000 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.


Philippines | Economy & Growth

GDP (current US$)
292451392607 USD
GDP (current LCU)
13307357227500 LCU
GDP (constant 2000 US$)
265833154133 USD
GDP (constant LCU)
7593828396600 LCU
GNI (current US$)
353758553491 USD
GNI (current LCU)
16097004707800 LCU
GNI (constant 2000 US$)
322599553366 USD
GNI (constant LCU)
9173756337009 LCU
Gross savings (current US$)
125206722581 USD
Gross savings (current LCU)
5697256456263 LCU
Total Reserves
80692 %