Bangladesh vs Philippines: Services, value added
Services, value added over time
- Bangladesh
- Philippines
How they compare
Bangladesh currently reports 17.37 trillion constant LCU against 14.81 trillion constant LCU in Philippines, a difference of 2.56 trillion constant LCU.
That makes Bangladesh's figure about 1.2 times Philippines's.
Across all 66 years both countries report, Bangladesh has been ahead every year.
Globally, Bangladesh ranks 26th and Philippines ranks 29th of 198 countries.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.