Services, value added (annual % growth) in World
World: Services, value added (annual % growth) was 3.2% in 2024. ▼ Falling
Services, value added in World, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, services, value added in World stood at 3.2%.
Compared with earlier readings it is down 9.0% on the previous year and down 4.5% over ten years.
Over the whole period, services, value added in World peaked at 6.6% in 2021 and was at its lowest, -3.6%, in 2020.
World ranks 29th of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Services, value added (annual % growth) in World, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 3.5% | — |
| 1997 | 4.0% | +14.2% |
| 1998 | 2.7% | -32.9% |
| 1999 | 3.3% | +22.5% |
| 2000 | 4.6% | +42.0% |
| 2001 | 3.2% | -30.7% |
| 2002 | 2.9% | -9.5% |
| 2003 | 2.9% | -0.5% |
| 2004 | 4.3% | +50.2% |
| 2005 | 4.4% | +0.7% |
| 2006 | 5.0% | +14.3% |
| 2007 | 5.8% | +15.8% |
| 2008 | 3.2% | -44.4% |
| 2009 | 0.3% | -89.1% |
| 2010 | 4.1% | +1061.0% |
| 2011 | 3.9% | -4.2% |
| 2012 | 3.2% | -17.0% |
| 2013 | 3.3% | +3.9% |
| 2014 | 3.4% | +1.3% |
| 2015 | 3.3% | -3.9% |
| 2016 | 3.2% | -0.9% |
| 2017 | 3.8% | +17.4% |
| 2018 | 3.6% | -5.0% |
| 2019 | 3.3% | -7.9% |
| 2020 | -3.6% | -207.6% |
| 2021 | 6.6% | -285.4% |
| 2022 | 4.6% | -30.9% |
| 2023 | 3.6% | -22.0% |
| 2024 | 3.2% | -9.0% |
Biggest year-on-year movements
Years where Services, value added (annual % growth) in World changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1061.0% | 0.3% | 4.1% |
| 2021 | +285.4% | -3.6% | 6.6% |
| 2020 | -207.6% | 3.3% | -3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.3% | 2.7% | 4.0% | 4 |
| 2000s | 3.7% | 0.3% | 5.8% | 10 |
| 2010s | 3.5% | 3.2% | 4.1% | 10 |
| 2020s | 2.9% | -3.6% | 6.6% | 5 |
Countries ranked near World
- 26 Burundi 6.5% compare
- 27 Indonesia 6.3% compare
- 28 Cape Verde 6.3% compare
- 29 Paraguay 6.3% compare
- 30 Saudi Arabia 6.3% compare
- 31 Sierra Leone 6.2% compare
- 32 Kiribati 6.2% compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- SDRs holdings, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0076 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 110.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0002 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 80.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.2 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0052 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in World?
- Services, value added in World was 3.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in World?
- The highest recorded value was 6.6% in 2021.
- What is the lowest services, value added recorded in World?
- The lowest recorded value was -3.6% in 2020.
- How does World rank for services, value added?
- World ranks 29th out of 43 groups with data for 2024.
- Is services, value added rising or falling in World?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is falling.
- Where does this World 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.