Services, value added in World
World: Services, value added was 64.39 trillion constant 2015 US$ in 2024. ▲ Rising
Services, value added in World, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
World recorded 64.39 trillion constant 2015 US$ for services, value added in 2024. That is the highest value across all 30 years on record.
That represents a change of up 3.2% on the previous year and up 36.1% over ten years.
Over the whole period, services, value added in World peaked at 64.39 trillion constant 2015 US$ in 2024 and was at its lowest, 24.31 trillion constant 2015 US$, in 1995.
World ranks 1st of 43 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Services, value added in World, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 24.31 trillion constant 2015 US$ | — |
| 1996 | 25.15 trillion constant 2015 US$ | +3.5% |
| 1997 | 26.15 trillion constant 2015 US$ | +4.0% |
| 1998 | 26.84 trillion constant 2015 US$ | +2.7% |
| 1999 | 27.72 trillion constant 2015 US$ | +3.3% |
| 2000 | 29.00 trillion constant 2015 US$ | +4.6% |
| 2001 | 29.93 trillion constant 2015 US$ | +3.2% |
| 2002 | 30.79 trillion constant 2015 US$ | +2.9% |
| 2003 | 31.68 trillion constant 2015 US$ | +2.9% |
| 2004 | 33.06 trillion constant 2015 US$ | +4.3% |
| 2005 | 34.50 trillion constant 2015 US$ | +4.4% |
| 2006 | 36.22 trillion constant 2015 US$ | +5.0% |
| 2007 | 38.31 trillion constant 2015 US$ | +5.8% |
| 2008 | 39.54 trillion constant 2015 US$ | +3.2% |
| 2009 | 39.68 trillion constant 2015 US$ | +0.3% |
| 2010 | 41.29 trillion constant 2015 US$ | +4.1% |
| 2011 | 42.89 trillion constant 2015 US$ | +3.9% |
| 2012 | 44.27 trillion constant 2015 US$ | +3.2% |
| 2013 | 45.76 trillion constant 2015 US$ | +3.3% |
| 2014 | 47.31 trillion constant 2015 US$ | +3.4% |
| 2015 | 48.85 trillion constant 2015 US$ | +3.3% |
| 2016 | 50.43 trillion constant 2015 US$ | +3.2% |
| 2017 | 52.34 trillion constant 2015 US$ | +3.8% |
| 2018 | 54.22 trillion constant 2015 US$ | +3.6% |
| 2019 | 56.02 trillion constant 2015 US$ | +3.3% |
| 2020 | 54.02 trillion constant 2015 US$ | -3.6% |
| 2021 | 57.60 trillion constant 2015 US$ | +6.6% |
| 2022 | 60.23 trillion constant 2015 US$ | +4.6% |
| 2023 | 62.37 trillion constant 2015 US$ | +3.6% |
| 2024 | 64.39 trillion constant 2015 US$ | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.03 trillion constant 2015 US$ | 24.31 trillion constant 2015 US$ | 27.72 trillion constant 2015 US$ | 5 |
| 2000s | 34.27 trillion constant 2015 US$ | 29.00 trillion constant 2015 US$ | 39.68 trillion constant 2015 US$ | 10 |
| 2010s | 48.34 trillion constant 2015 US$ | 41.29 trillion constant 2015 US$ | 56.02 trillion constant 2015 US$ | 10 |
| 2020s | 59.72 trillion constant 2015 US$ | 54.02 trillion constant 2015 US$ | 64.39 trillion constant 2015 US$ | 5 |
Countries ranked near World
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.49 trillion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0126 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 180.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 trillion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -14.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0114 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 163.93 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is services, value added in World?
- Services, value added in World was 64.39 trillion constant 2015 US$ 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 64.39 trillion constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in World?
- The lowest recorded value was 24.31 trillion constant 2015 US$ in 1995.
- How does World rank for services, value added?
- World ranks 1st out of 43 groups with data for 2024.
- Is services, value added rising or falling in World?
- Over the last ten years it is up 36.1%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defense, 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.