Services, value added in World
World: Services, value added was 70.69 trillion current US$ in 2024. ▲ Rising
Services, value added in World, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in World is 70.69 trillion current US$, measured in 2024. That is the highest value across all 30 years on record.
The figure is up 4.5% on the previous year and up 39.4% over ten years.
Over the whole period, services, value added in World peaked at 70.69 trillion current US$ in 2024 and was at its lowest, 20.09 trillion current US$, in 1997.
World ranks 1st of 47 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Services, value added in World, year by year
| Year | current US$ | Change |
|---|---|---|
| 1995 | 20.51 trillion current US$ | — |
| 1996 | 20.65 trillion current US$ | +0.7% |
| 1997 | 20.09 trillion current US$ | -2.7% |
| 1998 | 20.29 trillion current US$ | +1.0% |
| 1999 | 21.12 trillion current US$ | +4.1% |
| 2000 | 21.81 trillion current US$ | +3.3% |
| 2001 | 22.01 trillion current US$ | +0.9% |
| 2002 | 23.02 trillion current US$ | +4.6% |
| 2003 | 25.74 trillion current US$ | +11.8% |
| 2004 | 28.70 trillion current US$ | +11.5% |
| 2005 | 30.82 trillion current US$ | +7.4% |
| 2006 | 33.05 trillion current US$ | +7.2% |
| 2007 | 37.01 trillion current US$ | +12.0% |
| 2008 | 40.42 trillion current US$ | +9.2% |
| 2009 | 39.49 trillion current US$ | -2.3% |
| 2010 | 42.37 trillion current US$ | +7.3% |
| 2011 | 46.56 trillion current US$ | +9.9% |
| 2012 | 47.71 trillion current US$ | +2.5% |
| 2013 | 49.20 trillion current US$ | +3.1% |
| 2014 | 50.72 trillion current US$ | +3.1% |
| 2015 | 48.85 trillion current US$ | -3.7% |
| 2016 | 50.13 trillion current US$ | +2.6% |
| 2017 | 52.98 trillion current US$ | +5.7% |
| 2018 | 56.14 trillion current US$ | +6.0% |
| 2019 | 57.64 trillion current US$ | +2.7% |
| 2020 | 56.50 trillion current US$ | -2.0% |
| 2021 | 63.33 trillion current US$ | +12.1% |
| 2022 | 64.05 trillion current US$ | +1.1% |
| 2023 | 67.67 trillion current US$ | +5.7% |
| 2024 | 70.69 trillion current US$ | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.53 trillion current US$ | 20.09 trillion current US$ | 21.12 trillion current US$ | 5 |
| 2000s | 30.21 trillion current US$ | 21.81 trillion current US$ | 40.42 trillion current US$ | 10 |
| 2010s | 50.23 trillion current US$ | 42.37 trillion current US$ | 57.64 trillion current US$ | 10 |
| 2020s | 64.45 trillion current US$ | 56.50 trillion current US$ | 70.69 trillion current 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$) 4.45 % change on previous year (2024)
Frequently asked questions
- What is services, value added in World?
- Services, value added in World was 70.69 trillion current US$ 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 70.69 trillion current US$ in 2024.
- What is the lowest services, value added recorded in World?
- The lowest recorded value was 20.09 trillion current US$ in 1997.
- How does World rank for services, value added?
- World ranks 1st out of 47 groups with data for 2024.
- Is services, value added rising or falling in World?
- Over the last ten years it is up 39.4%. 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 (current US$). Statizoid updates them automatically from the source API.
Download this data
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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.