Services, value added in OECD members
OECD members: Services, value added was 41.66 trillion current US$ in 2021. ▲ Rising
Services, value added in OECD members, 1997–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2021, services, value added in OECD members stood at 41.66 trillion current US$. That is the highest value across all 25 years on record.
That represents a change of up 10.7% on the previous year and up 23.6% over ten years.
Over the whole period, services, value added in OECD members peaked at 41.66 trillion current US$ in 2021 and was at its lowest, 16.79 trillion current US$, in 1997.
OECD members ranks 3rd of 47 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added in OECD members, year by year
| Year | current US$ | Change |
|---|---|---|
| 1997 | 16.79 trillion current US$ | — |
| 1998 | 17.07 trillion current US$ | +1.7% |
| 1999 | 18.04 trillion current US$ | +5.7% |
| 2000 | 18.51 trillion current US$ | +2.6% |
| 2001 | 18.63 trillion current US$ | +0.7% |
| 2002 | 19.60 trillion current US$ | +5.2% |
| 2003 | 21.87 trillion current US$ | +11.6% |
| 2004 | 24.22 trillion current US$ | +10.7% |
| 2005 | 25.61 trillion current US$ | +5.7% |
| 2006 | 26.89 trillion current US$ | +5.0% |
| 2007 | 29.42 trillion current US$ | +9.4% |
| 2008 | 31.46 trillion current US$ | +6.9% |
| 2009 | 30.33 trillion current US$ | -3.6% |
| 2010 | 31.48 trillion current US$ | +3.8% |
| 2011 | 33.70 trillion current US$ | +7.1% |
| 2012 | 33.84 trillion current US$ | +0.4% |
| 2013 | 34.27 trillion current US$ | +1.3% |
| 2014 | 34.99 trillion current US$ | +2.1% |
| 2015 | 33.33 trillion current US$ | -4.7% |
| 2016 | 34.17 trillion current US$ | +2.5% |
| 2017 | 35.50 trillion current US$ | +3.9% |
| 2018 | 37.52 trillion current US$ | +5.7% |
| 2019 | 38.17 trillion current US$ | +1.8% |
| 2020 | 37.63 trillion current US$ | -1.4% |
| 2021 | 41.66 trillion current US$ | +10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.30 trillion current US$ | 16.79 trillion current US$ | 18.04 trillion current US$ | 3 |
| 2000s | 24.65 trillion current US$ | 18.51 trillion current US$ | 31.46 trillion current US$ | 10 |
| 2010s | 34.70 trillion current US$ | 31.48 trillion current US$ | 38.17 trillion current US$ | 10 |
| 2020s | 39.65 trillion current US$ | 37.63 trillion current US$ | 41.66 trillion current US$ | 2 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Foreign direct investment, net outflows (BoP, current US$), per capita 779.17 BoP, current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1456 constant 2015 US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0151 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.7 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 8,471 current US$ per person (2024)
- General government final consumption expenditure (current US$), per 0.1733 current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0107 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 2.6 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 777.22 billion BoP, current US$ (2025)
- General government final consumption expenditure (constant 2015 US$) 7,116 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added in OECD members?
- Services, value added in OECD members was 41.66 trillion current US$ in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in OECD members?
- The highest recorded value was 41.66 trillion current US$ in 2021.
- What is the lowest services, value added recorded in OECD members?
- The lowest recorded value was 16.79 trillion current US$ in 1997.
- How does OECD members rank for services, value added?
- OECD members ranks 3rd out of 47 groups with data for 2021.
- Is services, value added rising or falling in OECD members?
- Over the last ten years it is up 23.6%. The long-run trend across the full record is rising.
- Where does this OECD members 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.