Armenia - Services
Financial intermediary services indirectly Measured (FISIM) (current LCU)
The value for Financial intermediary services indirectly Measured (FISIM) (current LCU) in Armenia was 142,821,000,000 as of 2020. As the graph below shows, over the past 8 years this indicator reached a maximum value of 142,821,000,000 in 2020 and a minimum value of 89,161,600,000 in 2015.
Definition: 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2012 | 92,970,000,000 |
| 2013 | 91,572,000,000 |
| 2014 | 99,958,000,000 |
| 2015 | 89,161,600,000 |
| 2016 | 97,243,900,000 |
| 2017 | 102,935,000,000 |
| 2018 | 116,656,000,000 |
| 2019 | 121,757,000,000 |
| 2020 | 142,821,000,000 |
Financial intermediary services indirectly Measured (FISIM) (constant LCU)
The value for Financial intermediary services indirectly Measured (FISIM) (constant LCU) in Armenia was 124,759,000,000 as of 2020. As the graph below shows, over the past 24 years this indicator reached a maximum value of 124,759,000,000 in 2020 and a minimum value of 20,631,310,000 in 2002.
Definition: 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.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1996 | 20,806,930,000 |
| 1997 | 22,263,420,000 |
| 1998 | 21,439,670,000 |
| 1999 | 24,226,830,000 |
| 2000 | 22,167,550,000 |
| 2001 | 23,741,440,000 |
| 2002 | 20,631,310,000 |
| 2003 | 24,200,530,000 |
| 2004 | 30,686,270,000 |
| 2005 | 32,680,880,000 |
| 2006 | 33,236,460,000 |
| 2007 | 50,984,730,000 |
| 2008 | 55,624,340,000 |
| 2009 | 49,950,650,000 |
| 2010 | 59,441,280,000 |
| 2011 | 80,424,050,000 |
| 2012 | 92,970,200,000 |
| 2013 | 89,065,460,000 |
| 2014 | 94,409,380,000 |
| 2015 | 82,608,210,000 |
| 2016 | 89,795,120,000 |
| 2017 | 93,835,900,000 |
| 2018 | 103,970,000,000 |
| 2019 | 107,089,000,000 |
| 2020 | 124,759,000,000 |
Services, value added per worker (constant 2010 US$)
The latest value for Services, value added per worker (constant 2010 US$) in Armenia was 13,797 as of 2019. Over the past 28 years, the value for this indicator has fluctuated between 13,797 in 2019 and 1,760 in 1991.
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.
Source: Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.
See also:
| Year | Value |
|---|---|
| 1991 | 1,760 |
| 1992 | 2,853 |
| 1993 | 2,349 |
| 1994 | 2,617 |
| 1995 | 3,083 |
| 1996 | 3,370 |
| 1997 | 3,602 |
| 1998 | 3,691 |
| 1999 | 3,906 |
| 2000 | 3,645 |
| 2001 | 3,946 |
| 2002 | 4,536 |
| 2003 | 5,037 |
| 2004 | 5,620 |
| 2005 | 6,466 |
| 2006 | 7,777 |
| 2007 | 8,469 |
| 2008 | 9,417 |
| 2009 | 9,247 |
| 2010 | 9,546 |
| 2011 | 9,011 |
| 2012 | 9,157 |
| 2013 | 8,892 |
| 2014 | 9,387 |
| 2015 | 9,602 |
| 2016 | 9,710 |
| 2017 | 10,576 |
| 2018 | 12,381 |
| 2019 | 13,797 |
Services, value added (current US$)
The latest value for Services, value added (current US$) in Armenia was $6,719,561,000 as of 2020. Over the past 8 years, the value for this indicator has fluctuated between $7,350,766,000 in 2019 and $4,852,916,000 in 2012.
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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2012 | $4,852,916,000 |
| 2013 | $5,088,044,000 |
| 2014 | $5,504,423,000 |
| 2015 | $5,088,046,000 |
| 2016 | $5,263,630,000 |
| 2017 | $5,851,944,000 |
| 2018 | $6,554,909,000 |
| 2019 | $7,350,766,000 |
| 2020 | $6,719,561,000 |
Services, value added (current LCU)
The value for Services, value added (current LCU) in Armenia was 3,285,930,000,000 as of 2020. As the graph below shows, over the past 8 years this indicator reached a maximum value of 3,531,640,000,000 in 2019 and a minimum value of 1,949,730,000,000 in 2012.
Definition: Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2012 | 1,949,730,000,000 |
| 2013 | 2,084,190,000,000 |
| 2014 | 2,289,400,000,000 |
| 2015 | 2,431,670,000,000 |
| 2016 | 2,529,110,000,000 |
| 2017 | 2,824,830,000,000 |
| 2018 | 3,165,940,000,000 |
| 2019 | 3,531,640,000,000 |
| 2020 | 3,285,930,000,000 |
Services, value added (constant 2010 US$)
The latest value for Services, value added (constant 2010 US$) in Armenia was 6,455,256,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 7,069,641,000 in 2019 and 942,508,600 in 1990.
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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1990 | 942,508,600 |
| 1991 | 949,763,100 |
| 1992 | 1,498,099,000 |
| 1993 | 1,158,201,000 |
| 1994 | 1,240,958,000 |
| 1995 | 1,435,462,000 |
| 1996 | 1,514,122,000 |
| 1997 | 1,587,554,000 |
| 1998 | 1,659,081,000 |
| 1999 | 1,731,113,000 |
| 2000 | 1,624,916,000 |
| 2001 | 1,786,537,000 |
| 2002 | 2,079,325,000 |
| 2003 | 2,340,823,000 |
| 2004 | 2,642,549,000 |
| 2005 | 3,078,448,000 |
| 2006 | 3,760,750,000 |
| 2007 | 4,165,042,000 |
| 2008 | 4,387,248,000 |
| 2009 | 4,087,328,000 |
| 2010 | 4,435,687,000 |
| 2011 | 4,358,521,000 |
| 2012 | 4,592,050,000 |
| 2013 | 4,718,330,000 |
| 2014 | 5,038,720,000 |
| 2015 | 5,088,046,000 |
| 2016 | 5,283,404,000 |
| 2017 | 5,871,336,000 |
| 2018 | 6,426,445,000 |
| 2019 | 7,069,641,000 |
| 2020 | 6,455,256,000 |
Services, value added (annual % growth)
The value for Services, value added (annual % growth) in Armenia was -8.69 as of 2020. As the graph below shows, over the past 29 years this indicator reached a maximum value of 57.73 in 1992 and a minimum value of -22.69 in 1993.
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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1991 | 0.77 |
| 1992 | 57.73 |
| 1993 | -22.69 |
| 1994 | 7.15 |
| 1995 | 15.67 |
| 1996 | 5.48 |
| 1997 | 4.85 |
| 1998 | 4.51 |
| 1999 | 4.34 |
| 2000 | -6.13 |
| 2001 | 9.95 |
| 2002 | 16.39 |
| 2003 | 12.58 |
| 2004 | 12.89 |
| 2005 | 16.50 |
| 2006 | 22.16 |
| 2007 | 10.75 |
| 2008 | 5.34 |
| 2009 | -6.84 |
| 2010 | 8.52 |
| 2011 | -1.74 |
| 2012 | 5.36 |
| 2013 | 2.75 |
| 2014 | 6.79 |
| 2015 | 0.98 |
| 2016 | 3.84 |
| 2017 | 11.13 |
| 2018 | 9.45 |
| 2019 | 10.01 |
| 2020 | -8.69 |
Services, value added (constant LCU)
The value for Services, value added (constant LCU) in Armenia was 2,740,820,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 3,001,680,000,000 in 2019 and a minimum value of 400,177,000,000 in 1990.
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.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1990 | 400,177,000,000 |
| 1991 | 403,258,000,000 |
| 1992 | 636,074,000,000 |
| 1993 | 491,757,000,000 |
| 1994 | 526,895,000,000 |
| 1995 | 609,479,000,000 |
| 1996 | 642,877,000,000 |
| 1997 | 674,056,000,000 |
| 1998 | 704,425,000,000 |
| 1999 | 735,009,000,000 |
| 2000 | 689,919,000,000 |
| 2001 | 758,541,000,000 |
| 2002 | 882,856,000,000 |
| 2003 | 993,884,000,000 |
| 2004 | 1,121,990,000,000 |
| 2005 | 1,307,070,000,000 |
| 2006 | 1,596,770,000,000 |
| 2007 | 1,768,420,000,000 |
| 2008 | 1,862,770,000,000 |
| 2009 | 1,735,430,000,000 |
| 2010 | 1,883,340,000,000 |
| 2011 | 1,850,570,000,000 |
| 2012 | 1,949,730,000,000 |
| 2013 | 2,003,340,000,000 |
| 2014 | 2,139,380,000,000 |
| 2015 | 2,160,320,000,000 |
| 2016 | 2,243,270,000,000 |
| 2017 | 2,492,900,000,000 |
| 2018 | 2,728,590,000,000 |
| 2019 | 3,001,680,000,000 |
| 2020 | 2,740,820,000,000 |
Services, value added (% of GDP)
Services, value added (% of GDP) in Armenia was 53.16 as of 2020. Its highest value over the past 8 years was 53.97 in 2019, while its lowest value was 45.70 in 2012.
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.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2012 | 45.70 |
| 2013 | 45.75 |
| 2014 | 47.41 |
| 2015 | 48.21 |
| 2016 | 49.91 |
| 2017 | 50.77 |
| 2018 | 52.62 |
| 2019 | 53.97 |
| 2020 | 53.16 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
