Services sector's value added to GDP in Antigua & Barbuda

The value added by the services industry to the gross domestic product in Antigua & Barbuda increased by 53.6 million U.S. dollars (+4.81 percent) in 2023 in comparison to the previous year. In total, the value added amounted to 1.2 billion U.S. dollars in 2023.
Value added of a sector is the contribution of a sector 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. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.

Find more statistics on other topics about Antigua & Barbuda 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 services industry to gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Antigua and Barbuda from 2014 to 2023 (in million U.S. dollars)

Characteristic	Value in million U.S. dollars
2023	1,167.42
2022	1,113.84
2021	989.37
2020	913.35
2019	1,176.27
2018	1,135.09
2017	1,087.16
2016	1,079.63
2015	1,050.84
2014	1,038.74

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Release date

October 2024

More information

Region

Antigua and Barbuda

Survey time period

2014 to 2023

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the 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.

Figures have been rounded.

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