Services, value added in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Services, value added was 4.1% in 2024. ◆ Volatile
Services, value added in Europe & Central Asia (excluding high income), 1991–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, services, value added in Europe & Central Asia (excluding high income) stood at 4.1%.
That represents a change of down 23.3% on the previous year and down 10.1% over ten years.
Over the whole period, services, value added in Europe & Central Asia (excluding high income) peaked at 11.1% in 2021 and was at its lowest, -5.4%, in 1994.
Europe & Central Asia (excluding high income) ranks 23rd of 43 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Europe & Central Asia (excluding high income), year by year
| Year | annual % growth | Change |
|---|---|---|
| 1991 | -3.1% | — |
| 1992 | 3.8% | -222.5% |
| 1993 | 1.6% | -57.7% |
| 1994 | -5.4% | -437.7% |
| 1995 | 2.4% | -144.0% |
| 1996 | 3.3% | +37.1% |
| 1997 | 5.4% | +65.9% |
| 1998 | 3.6% | -34.0% |
| 1999 | -0.9% | -124.8% |
| 2000 | 6.3% | -804.0% |
| 2001 | 1.9% | -69.1% |
| 2002 | 6.1% | +216.4% |
| 2003 | 6.5% | +6.6% |
| 2004 | 9.0% | +38.1% |
| 2005 | 7.6% | -16.2% |
| 2006 | 6.6% | -12.2% |
| 2007 | 7.8% | +17.1% |
| 2008 | 3.4% | -55.6% |
| 2009 | -2.4% | -169.5% |
| 2010 | 5.5% | -328.0% |
| 2011 | 7.6% | +39.7% |
| 2012 | 5.9% | -23.1% |
| 2013 | 6.1% | +4.6% |
| 2014 | 4.5% | -26.0% |
| 2015 | 3.7% | -17.9% |
| 2016 | 2.8% | -26.3% |
| 2017 | 6.5% | +134.8% |
| 2018 | 5.2% | -18.9% |
| 2019 | 4.1% | -22.5% |
| 2020 | -1.0% | -125.3% |
| 2021 | 11.1% | -1176.9% |
| 2022 | 6.8% | -38.7% |
| 2023 | 5.3% | -21.5% |
| 2024 | 4.1% | -23.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.2% | -5.4% | 5.4% | 9 |
| 2000s | 5.3% | -2.4% | 9.0% | 10 |
| 2010s | 5.2% | 2.8% | 7.6% | 10 |
| 2020s | 5.3% | -1.0% | 11.1% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
More economy & growth data for Europe & Central Asia (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.77 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,786 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 15.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.56 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 20.44 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.18 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0018 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 16.87 % change on previous year (2025)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is services, value added in Europe & Central Asia (excluding high income)?
- Services, value added in Europe & Central Asia (excluding high income) was 4.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 11.1% in 2021.
- What is the lowest services, value added recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was -5.4% in 1994.
- How does Europe & Central Asia (excluding high income) rank for services, value added?
- Europe & Central Asia (excluding high income) ranks 23rd out of 43 groups with data for 2024.
- Is services, value added rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is volatile.
- Where does this Europe & Central Asia (excluding high income) data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.