Services, value added (current US$), annual growth rate in World
World: Services, value added (current US$), annual growth rate was 4.46 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in World, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current us$), annual growth rate in World stood at 4.46 % change on previous year.
The figure is down 21.4% on the previous year and up 44.3% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in World peaked at 12.08 % change on previous year in 2021 and was at its lowest, -3.68 % change on previous year, in 2015.
That places World 41st out of 47 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in World, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 0.7086 % change on previous year | — |
| 1997 | -2.7 % change on previous year | -480.5% |
| 1998 | 0.9864 % change on previous year | -136.6% |
| 1999 | 4.07 % change on previous year | +313.0% |
| 2000 | 3.26 % change on previous year | -20.0% |
| 2001 | 0.9355 % change on previous year | -71.3% |
| 2002 | 4.61 % change on previous year | +392.4% |
| 2003 | 11.77 % change on previous year | +155.6% |
| 2004 | 11.5 % change on previous year | -2.3% |
| 2005 | 7.42 % change on previous year | -35.5% |
| 2006 | 7.21 % change on previous year | -2.8% |
| 2007 | 11.99 % change on previous year | +66.3% |
| 2008 | 9.21 % change on previous year | -23.2% |
| 2009 | -2.29 % change on previous year | -124.8% |
| 2010 | 7.29 % change on previous year | -418.8% |
| 2011 | 9.88 % change on previous year | +35.6% |
| 2012 | 2.48 % change on previous year | -74.9% |
| 2013 | 3.12 % change on previous year | +25.7% |
| 2014 | 3.09 % change on previous year | -0.9% |
| 2015 | -3.68 % change on previous year | -219.1% |
| 2016 | 2.61 % change on previous year | -171.0% |
| 2017 | 5.69 % change on previous year | +118.0% |
| 2018 | 5.96 % change on previous year | +4.7% |
| 2019 | 2.67 % change on previous year | -55.2% |
| 2020 | -1.97 % change on previous year | -173.7% |
| 2021 | 12.08 % change on previous year | -713.9% |
| 2022 | 1.13 % change on previous year | -90.6% |
| 2023 | 5.67 % change on previous year | +400.6% |
| 2024 | 4.46 % change on previous year | -21.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7682 % change on previous year | -2.7 % change on previous year | 4.07 % change on previous year | 4 |
| 2000s | 6.56 % change on previous year | -2.29 % change on previous year | 11.99 % change on previous year | 10 |
| 2010s | 3.91 % change on previous year | -3.68 % change on previous year | 9.88 % change on previous year | 10 |
| 2020s | 4.27 % change on previous year | -1.97 % change on previous year | 12.08 % change on previous year | 5 |
Countries ranked near World
- 38 Palau 13.55 % change on previous year compare
- 39 Ukraine 13.37 % change on previous year compare
- 40 Croatia 13.16 % change on previous year compare
- 41 Côte d'Ivoire 13.01 % change on previous year compare
- 42 Guyana 12.82 % change on previous year compare
- 43 Burkina Faso 12.77 % change on previous year compare
- 44 Serbia 12.74 % 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)
- Services, value added (current US$), per unit of GDP 0.633 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 8,683 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.24 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5766 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 7,910 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 3.52 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8756 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 12,010 current US$ per person (2024)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in World?
- Services, value added (current us$), annual growth rate in World was 4.46 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in World?
- The highest recorded value was 12.08 % change on previous year in 2021.
- What is the lowest services, value added (current us$), annual growth rate recorded in World?
- The lowest recorded value was -3.68 % change on previous year in 2015.
- How does World rank for services, value added (current us$), annual growth rate?
- World ranks 41st out of 47 groups with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in World?
- Over the last ten years it is up 44.3%. The long-run trend across the full record is volatile.
- Where does this World data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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.