Services, value added in North America
North America: Services, value added was 19.44 trillion current US$ in 2021. ▲ Rising
Services, value added in North America, 1997–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
North America recorded 19.44 trillion current US$ for services, value added in 2021. That is the highest value across all 25 years on record.
The figure is up 10.4% on the previous year and up 49.5% over ten years.
Over the whole period, services, value added in North America peaked at 19.44 trillion current US$ in 2021 and was at its lowest, 6.57 trillion current US$, in 1997.
That places North America 11th out of 49 groups with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.99 trillion current US$ | 6.57 trillion current US$ | 7.43 trillion current US$ | 3 |
| 2000s | 10.07 trillion current US$ | 7.92 trillion current US$ | 12.00 trillion current US$ | 10 |
| 2010s | 14.88 trillion current US$ | 12.54 trillion current US$ | 17.68 trillion current US$ | 10 |
| 2020s | 18.52 trillion current US$ | 17.61 trillion current US$ | 19.44 trillion current US$ | 2 |
Countries ranked near North America
- 8 Italy 1.65 trillion current US$ compare
- 9 Russia 1.51 trillion current US$ compare
- 10 Canada 1.41 trillion current US$ compare
- 11 Brazil 1.36 trillion current US$ compare
- 12 Spain 1.30 trillion current US$ compare
- 13 Australia 1.21 trillion current US$ compare
- 14 Mexico 1.08 trillion current US$ compare
More economy & growth data for North America
- Households and NPISHs Final consumption expenditure 21.16 trillion current US$ (2024)
- Final consumption expenditure 25.64 trillion current US$ (2024)
- Households and NPISHs final consumption expenditure 67.0% (2024)
- Imports of goods and services 4.34 trillion constant 2015 US$ (2024)
- Imports of goods and services 5.0% (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.7% (2024)
- Households and NPISHs Final consumption expenditure per capita 43,939 constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure 2.9% (2024)
- Households and NPISHs Final consumption expenditure 16.76 trillion constant 2015 US$ (2024)
- Trade 28.5% (2024)
Frequently asked questions
- What is services, value added in North America?
- Services, value added in North America was 19.44 trillion current US$ in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in North America?
- The highest recorded value was 19.44 trillion current US$ in 2021.
- What is the lowest services, value added recorded in North America?
- The lowest recorded value was 6.57 trillion current US$ in 1997.
- How does North America rank for services, value added?
- North America ranks 11th out of 49 groups with data for 2021.
- Is services, value added rising or falling in North America?
- Over the last ten years it is up 49.5%. The long-run trend across the full record is rising.
- Where does this North America data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current US$). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.