Cabo Verde - Services

Services, value added per worker (constant 2010 US$)

The latest value for Services, value added per worker (constant 2010 US$) in Cabo Verde was 8,117 as of 2019. Over the past 28 years, the value for this indicator has fluctuated between 9,966 in 2006 and 3,371 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 3,371
1992 3,658
1993 3,824
1994 4,454
1995 4,955
1996 5,378
1997 6,045
1998 6,674
1999 7,092
2000 8,011
2001 8,288
2002 8,520
2003 8,664
2004 9,275
2005 9,571
2006 9,966
2007 8,838
2008 8,832
2009 8,591
2010 8,566
2011 8,529
2012 8,600
2013 8,376
2014 8,125
2015 7,884
2016 8,088
2017 7,990
2018 7,947
2019 8,117

Services, value added (current US$)

The latest value for Services, value added (current US$) in Cabo Verde was $1,002,824,000 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between $1,216,584,000 in 2019 and $91,720,650 in 1980.

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
1980 $91,720,650
1981 $93,269,840
1982 $100,706,500
1983 $97,855,530
1984 $93,125,540
1985 $95,069,060
1986 $130,690,000
1987 $149,737,500
1988 $166,513,900
1989 $168,576,400
1990 $170,458,900
1991 $180,000,600
1992 $199,382,400
1993 $330,225,700
1994 $230,050,900
1995 $282,669,700
1996 $294,263,700
1997 $304,726,800
1998 $327,106,700
1999 $373,101,600
2000 $352,552,300
2001 $390,852,400
2002 $438,377,200
2003 $580,602,900
2004 $664,755,500
2005 $697,760,300
2006 $804,207,200
2007 $922,886,000
2008 $1,069,505,000
2009 $1,030,302,000
2010 $1,017,917,000
2011 $1,130,787,000
2012 $1,082,770,000
2013 $1,144,124,000
2014 $1,138,846,000
2015 $966,361,500
2016 $1,027,556,000
2017 $1,082,863,000
2018 $1,197,607,000
2019 $1,216,584,000
2020 $1,002,824,000

Services, value added (current LCU)

The value for Services, value added (current LCU) in Cabo Verde was 97,069,020,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 119,828,000,000 in 2019 and a minimum value of 3,684,868,000 in 1980.

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
1980 3,684,868,000
1981 4,541,747,000
1982 5,870,516,000
1983 7,014,852,000
1984 7,904,300,000
1985 8,711,339,000
1986 10,474,130,000
1987 10,850,840,000
1988 12,000,240,000
1989 13,145,270,000
1990 11,937,460,000
1991 12,853,490,000
1992 13,561,590,000
1993 26,559,060,000
1994 18,839,100,000
1995 21,724,010,000
1996 24,303,680,000
1997 28,375,250,000
1998 32,108,130,000
1999 38,616,760,000
2000 42,195,960,000
2001 48,163,890,000
2002 51,363,600,000
2003 56,726,640,000
2004 59,035,340,000
2005 61,870,620,000
2006 70,690,370,000
2007 74,354,530,000
2008 80,510,750,000
2009 81,782,390,000
2010 84,750,520,000
2011 89,645,250,000
2012 93,463,630,000
2013 95,045,240,000
2014 94,563,490,000
2015 96,042,520,000
2016 102,436,000,000
2017 105,999,000,000
2018 111,873,000,000
2019 119,828,000,000
2020 97,069,020,000

Services, value added (constant 2010 US$)

The latest value for Services, value added (constant 2010 US$) in Cabo Verde was 984,763,000 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 1,147,094,000 in 2019 and 102,780,900 in 1980.

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
1980 102,780,900
1981 115,007,200
1982 125,687,000
1983 137,718,900
1984 144,839,800
1985 150,974,700
1986 154,496,300
1987 149,646,100
1988 159,160,900
1989 169,509,900
1990 175,446,800
1991 180,173,200
1992 201,599,300
1993 217,435,000
1994 262,573,500
1995 302,813,300
1996 338,778,800
1997 393,011,900
1998 448,483,000
1999 492,196,400
2000 575,918,500
2001 616,724,100
2002 655,442,400
2003 689,340,900
2004 767,827,500
2005 823,503,700
2006 896,315,600
2007 834,063,400
2008 869,844,100
2009 874,139,200
2010 902,659,000
2011 931,048,300
2012 968,929,100
2013 972,047,000
2014 970,065,200
2015 966,361,500
2016 1,019,750,000
2017 1,034,661,000
2018 1,080,083,000
2019 1,147,094,000
2020 984,763,000

Services, value added (annual % growth)

The value for Services, value added (annual % growth) in Cabo Verde was -14.15 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 20.76 in 1994 and a minimum value of -14.15 in 2020.

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
1981 11.90
1982 9.29
1983 9.57
1984 5.17
1985 4.24
1986 2.33
1987 -3.14
1988 6.36
1989 6.50
1990 3.50
1991 2.69
1992 11.89
1993 7.86
1994 20.76
1995 15.33
1996 11.88
1997 16.01
1998 14.11
1999 9.75
2000 17.01
2001 7.09
2002 6.28
2003 5.17
2004 11.39
2005 7.25
2006 8.84
2007 -6.95
2008 4.29
2009 0.49
2010 3.26
2011 3.15
2012 4.07
2013 0.32
2014 -0.20
2015 -0.38
2016 5.52
2017 1.46
2018 4.39
2019 6.20
2020 -14.15

Services, value added (constant LCU)

The value for Services, value added (constant LCU) in Cabo Verde was 87,789,000,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 102,260,000,000 in 2019 and a minimum value of 9,162,647,000 in 1980.

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
1980 9,162,647,000
1981 10,252,580,000
1982 11,204,660,000
1983 12,277,280,000
1984 12,912,090,000
1985 13,459,000,000
1986 13,772,930,000
1987 13,340,550,000
1988 14,188,770,000
1989 15,111,360,000
1990 15,640,610,000
1991 16,061,960,000
1992 17,972,040,000
1993 19,383,750,000
1994 23,407,730,000
1995 26,995,000,000
1996 30,201,230,000
1997 35,035,970,000
1998 39,981,060,000
1999 43,878,000,000
2000 51,341,600,000
2001 54,979,310,000
2002 58,430,950,000
2003 61,452,900,000
2004 68,449,780,000
2005 73,413,160,000
2006 79,904,150,000
2007 74,354,530,000
2008 77,544,280,000
2009 77,927,190,000
2010 80,469,650,000
2011 83,000,480,000
2012 86,377,450,000
2013 86,655,400,000
2014 86,478,730,000
2015 86,148,550,000
2016 90,908,020,000
2017 92,237,230,000
2018 96,286,540,000
2019 102,260,000,000
2020 87,789,000,000

Services, value added (% of GDP)

Services, value added (% of GDP) in Cabo Verde was 58.86 as of 2020. Its highest value over the past 40 years was 72.59 in 2006, while its lowest value was 55.54 in 1990.

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
1980 64.48
1981 66.88
1982 71.61
1983 70.67
1984 70.54
1985 69.03
1986 68.55
1987 63.65
1988 63.00
1989 63.03
1990 55.54
1991 56.28
1992 55.82
1993 67.34
1994 56.58
1995 58.03
1996 58.62
1997 62.11
1998 62.67
1999 62.98
2000 65.38
2001 69.42
2002 70.60
2003 71.33
2004 71.92
2005 71.79
2006 72.59
2007 60.96
2008 59.77
2009 60.19
2010 61.16
2011 60.60
2012 62.16
2013 61.83
2014 61.23
2015 60.52
2016 61.79
2017 61.24
2018 60.90
2019 61.39
2020 58.86

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts