Services, value added (% of GDP) in High income
High income: Services, value added (% of GDP) was 69.1% in 2021. ▬ Flat
Services, value added in High income, 1997–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2021, services, value added in High income stood at 69.1%.
Compared with earlier readings it is down 1.5% on the previous year and up 1.9% over ten years.
Over the whole period, services, value added in High income peaked at 70.2% in 2020 and was at its lowest, 65.3%, in 1997.
That places High income 5th out of 47 groups with data for 2021, putting it in the top 10%.
Services, value added (% of GDP) in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 65.3% | — |
| 1998 | 66.2% | +1.4% |
| 1999 | 66.6% | +0.6% |
| 2000 | 66.6% | +0.1% |
| 2001 | 67.7% | +1.6% |
| 2002 | 68.3% | +0.8% |
| 2003 | 68.0% | -0.4% |
| 2004 | 67.5% | -0.7% |
| 2005 | 67.3% | -0.4% |
| 2006 | 66.8% | -0.7% |
| 2007 | 66.7% | -0.2% |
| 2008 | 66.8% | +0.2% |
| 2009 | 69.3% | +3.6% |
| 2010 | 68.4% | -1.2% |
| 2011 | 67.8% | -0.9% |
| 2012 | 68.1% | +0.4% |
| 2013 | 68.1% | +0.0% |
| 2014 | 68.1% | +0.1% |
| 2015 | 69.3% | +1.7% |
| 2016 | 69.8% | +0.7% |
| 2017 | 69.2% | -0.7% |
| 2018 | 68.9% | -0.6% |
| 2019 | 69.4% | +0.8% |
| 2020 | 70.2% | +1.1% |
| 2021 | 69.1% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 66.0% | 65.3% | 66.6% | 3 |
| 2000s | 67.5% | 66.6% | 69.3% | 10 |
| 2010s | 68.7% | 67.8% | 69.8% | 10 |
| 2020s | 69.6% | 69.1% | 70.2% | 2 |
Countries ranked near High income
- 2 Macao 92.0% compare
- 3 Hong Kong 91.5% compare
- 4 Bermuda 91.3% compare
- 5 Channel Islands 91.2% compare
- 6 Sint Maarten (Dutch part) 89.3% compare
- 7 Monaco 87.2% compare
- 8 Cayman Islands 86.5% compare
More economy & growth data for High income
- GDP (current US$), per capita 53,997 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9305 current US$ per US$ of GDP (2021)
- Gross value added at basic prices (GVA) (current US$), per capita 42,382 current US$ per person (2021)
- GDP (current US$), annual growth rate 6.5 % change on previous year (2025)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2024)
- Final consumption expenditure (constant 2015 US$), per capita 32,376 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per capita 42,653 constant 2015 US$ per person (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7899 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9871 current US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 1.91 % change on previous year (2025)
Frequently asked questions
- What is services, value added in High income?
- Services, value added in High income was 69.1% in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in High income?
- The highest recorded value was 70.2% in 2020.
- What is the lowest services, value added recorded in High income?
- The lowest recorded value was 65.3% in 1997.
- How does High income rank for services, value added?
- High income ranks 5th out of 47 groups with data for 2021.
- Is services, value added rising or falling in High income?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is flat.
- Where does this High income data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.