Services, value added (current US$), annual growth rate in OECD members
OECD members: Services, value added (current US$), annual growth rate was 10.69 % change on previous year in 2021. ◆ Volatile
Services, value added (current US$), annual growth rate in OECD members, 1998–2021
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
OECD members recorded 10.69 % change on previous year for services, value added (current us$), annual growth rate in 2021.
That represents a change of up 857.8% on the previous year and up 51.7% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in OECD members peaked at 11.59 % change on previous year in 2003 and was at its lowest, -4.75 % change on previous year, in 2015.
OECD members ranks 11th of 47 groups on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in OECD members, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | 1.68 % change on previous year | — |
| 1999 | 5.68 % change on previous year | +238.2% |
| 2000 | 2.63 % change on previous year | -53.7% |
| 2001 | 0.6612 % change on previous year | -74.8% |
| 2002 | 5.18 % change on previous year | +683.0% |
| 2003 | 11.59 % change on previous year | +123.9% |
| 2004 | 10.74 % change on previous year | -7.3% |
| 2005 | 5.72 % change on previous year | -46.8% |
| 2006 | 5.02 % change on previous year | -12.1% |
| 2007 | 9.4 % change on previous year | +87.2% |
| 2008 | 6.92 % change on previous year | -26.4% |
| 2009 | -3.59 % change on previous year | -151.9% |
| 2010 | 3.8 % change on previous year | -205.8% |
| 2011 | 7.05 % change on previous year | +85.4% |
| 2012 | 0.4208 % change on previous year | -94.0% |
| 2013 | 1.27 % change on previous year | +200.9% |
| 2014 | 2.1 % change on previous year | +65.7% |
| 2015 | -4.75 % change on previous year | -326.4% |
| 2016 | 2.54 % change on previous year | -153.4% |
| 2017 | 3.87 % change on previous year | +52.7% |
| 2018 | 5.69 % change on previous year | +46.8% |
| 2019 | 1.75 % change on previous year | -69.2% |
| 2020 | -1.41 % change on previous year | -180.5% |
| 2021 | 10.69 % change on previous year | -857.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.68 % change on previous year | 1.68 % change on previous year | 5.68 % change on previous year | 2 |
| 2000s | 5.43 % change on previous year | -3.59 % change on previous year | 11.59 % change on previous year | 10 |
| 2010s | 2.37 % change on previous year | -4.75 % change on previous year | 7.05 % change on previous year | 10 |
| 2020s | 4.64 % change on previous year | -1.41 % change on previous year | 10.69 % change on previous year | 2 |
Countries ranked near OECD members
- 8 Nigeria 24.94 % change on previous year compare
- 9 Angola 24.43 % change on previous year compare
- 10 Tajikistan 23.74 % change on previous year compare
- 11 Kiribati 22.91 % change on previous year compare
- 12 Congo, Democratic Republic of the 21.97 % change on previous year compare
- 13 Kyrgyzstan 21.88 % change on previous year compare
- 14 Uzbekistan 21.59 % change on previous year compare
More economy & growth data for OECD members
- Gross capital formation 12.80 trillion constant 2015 US$ (2024)
- Gross fixed capital formation 15.18 trillion current US$ (2024)
- Gross fixed capital formation 12.72 trillion constant 2015 US$ (2024)
- Gross fixed capital formation 1.0% (2024)
- Gross fixed capital formation 22.2% (2024)
- Gross capital formation 15.34 trillion current US$ (2024)
- Imports of goods and services 20.55 trillion current US$ (2025)
- Imports of goods and services 3.8% (2025)
- Imports of goods and services 17.02 trillion constant 2015 US$ (2025)
- Exports of goods and services 28.3% (2025)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in OECD members?
- Services, value added (current us$), annual growth rate in OECD members was 10.69 % change on previous year in 2021, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in OECD members?
- The highest recorded value was 11.59 % change on previous year in 2003.
- What is the lowest services, value added (current us$), annual growth rate recorded in OECD members?
- The lowest recorded value was -4.75 % change on previous year in 2015.
- How does OECD members rank for services, value added (current us$), annual growth rate?
- OECD members ranks 11th out of 47 groups with data for 2021.
- Is services, value added (current us$), annual growth rate rising or falling in OECD members?
- Over the last ten years it is up 51.7%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.