St. Vincent & Grenadines: services sector share of GDP 2009-2022
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.
Find more statistics on other topics about St. Vincent & Grenadines with key insights such as value added by the agriculture, forestry, and fishing sector to the gross domestic product, value added to gross domestic product by the manufacturing sector, and share of value added by the manufacturing industry to the gross domestic product.