Iraq vs Laos: Services, value added
Services, value added over time
- Iraq
- Laos
How they compare
Iraq currently reports 172.85 trillion current LCU against 163.02 trillion current LCU in Laos, a difference of 9.84 trillion current LCU.
That makes Iraq's figure about 1.1 times Laos's.
The two have swapped places 5 times across 37 shared years of data; in 1989 it was Laos ahead.
Globally, Iraq ranks 13th and Laos ranks 15th of 205 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.