Services, value added (constant 2015 US$), annual growth rate (2015) in World
World: Services, value added (constant 2015 US$), annual growth rate (2015) was 3.24 % change on previous year in 2024. ▼ Falling
Services, value added (constant 2015 US$), annual growth rate in World, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (constant 2015 us$), annual growth rate in World is 3.24 % change on previous year, measured in 2024.
The figure is down 9.0% on the previous year and down 4.5% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in World peaked at 6.61 % change on previous year in 2021 and was at its lowest, -3.57 % change on previous year, in 2020.
World ranks 29th of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Services, value added (constant 2015 US$), annual growth rate (2015) in World, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 3.47 % change on previous year | — |
| 1997 | 3.96 % change on previous year | +14.2% |
| 1998 | 2.66 % change on previous year | -32.9% |
| 1999 | 3.26 % change on previous year | +22.5% |
| 2000 | 4.62 % change on previous year | +41.9% |
| 2001 | 3.2 % change on previous year | -30.7% |
| 2002 | 2.9 % change on previous year | -9.4% |
| 2003 | 2.89 % change on previous year | -0.5% |
| 2004 | 4.33 % change on previous year | +50.2% |
| 2005 | 4.36 % change on previous year | +0.7% |
| 2006 | 4.99 % change on previous year | +14.3% |
| 2007 | 5.78 % change on previous year | +15.8% |
| 2008 | 3.21 % change on previous year | -44.4% |
| 2009 | 0.349 % change on previous year | -89.1% |
| 2010 | 4.05 % change on previous year | +1061.0% |
| 2011 | 3.88 % change on previous year | -4.2% |
| 2012 | 3.22 % change on previous year | -17.0% |
| 2013 | 3.35 % change on previous year | +3.9% |
| 2014 | 3.39 % change on previous year | +1.3% |
| 2015 | 3.26 % change on previous year | -3.9% |
| 2016 | 3.23 % change on previous year | -0.9% |
| 2017 | 3.79 % change on previous year | +17.4% |
| 2018 | 3.6 % change on previous year | -5.0% |
| 2019 | 3.32 % change on previous year | -7.9% |
| 2020 | -3.57 % change on previous year | -207.6% |
| 2021 | 6.61 % change on previous year | -285.4% |
| 2022 | 4.57 % change on previous year | -30.9% |
| 2023 | 3.56 % change on previous year | -22.0% |
| 2024 | 3.24 % change on previous year | -9.0% |
Biggest year-on-year movements
Years where Services, value added (constant 2015 US$), annual growth rate (2015) in World changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +1061.0% | 0.349 % change on previous year | 4.05 % change on previous year |
| 2021 | +285.4% | -3.57 % change on previous year | 6.61 % change on previous year |
| 2020 | -207.6% | 3.32 % change on previous year | -3.57 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.34 % change on previous year | 2.66 % change on previous year | 3.96 % change on previous year | 4 |
| 2000s | 3.66 % change on previous year | 0.349 % change on previous year | 5.78 % change on previous year | 10 |
| 2010s | 3.51 % change on previous year | 3.22 % change on previous year | 4.05 % change on previous year | 10 |
| 2020s | 2.88 % change on previous year | -3.57 % change on previous year | 6.61 % change on previous year | 5 |
Countries ranked near World
- 26 Burundi 6.52 % change on previous year compare
- 27 Indonesia 6.35 % change on previous year compare
- 28 Cape Verde 6.3 % change on previous year compare
- 29 Paraguay 6.27 % change on previous year compare
- 30 Saudi Arabia 6.27 % change on previous year compare
- 31 Sierra Leone 6.23 % change on previous year compare
- 32 Kiribati 6.22 % change on previous year compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- SDRs holdings, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0076 units per US$ 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 (constant 2015 us$), annual growth rate in World?
- Services, value added (constant 2015 us$), annual growth rate in World was 3.24 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in World?
- The highest recorded value was 6.61 % change on previous year in 2021.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in World?
- The lowest recorded value was -3.57 % change on previous year in 2020.
- How does World rank for services, value added (constant 2015 us$), annual growth rate?
- World ranks 29th out of 43 groups with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.