Belgium vs North Macedonia: Services, value added
Services, value added over time
- Belgium
- North Macedonia
How they compare
Belgium currently reports 378.40 billion constant LCU against 324.57 billion constant LCU in North Macedonia, a difference of 53.84 billion constant LCU.
That makes Belgium's figure about 1.2 times North Macedonia's.
Across all 31 years both countries report, Belgium has been ahead every year.
Globally, Belgium ranks 97th and North Macedonia ranks 100th 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.