Services, value added in United States of America
United States of America: Services, value added was 76.3% in 2021. ▲ Rising
Services, value added in United States of America, 1997–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2021, services, value added in United States of America stood at 76.3%.
Compared with earlier readings it is down 0.9% on the previous year and up 0.5% over ten years.
Over the whole period, services, value added in United States of America peaked at 77.0% in 2016 and was at its lowest, 71.8%, in 1997.
United States of America ranks 16th of 206 countries 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 United States of America, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1997 | 71.8% | — |
| 1998 | 72.4% | +0.9% |
| 1999 | 72.7% | +0.4% |
| 2000 | 72.8% | +0.2% |
| 2001 | 74.0% | +1.6% |
| 2002 | 74.9% | +1.1% |
| 2003 | 74.6% | -0.3% |
| 2004 | 74.2% | -0.6% |
| 2005 | 74.0% | -0.2% |
| 2006 | 73.7% | -0.4% |
| 2007 | 73.9% | +0.3% |
| 2008 | 74.6% | +0.9% |
| 2009 | 76.5% | +2.5% |
| 2010 | 76.3% | -0.3% |
| 2011 | 75.9% | -0.5% |
| 2012 | 76.2% | +0.3% |
| 2013 | 75.6% | -0.7% |
| 2014 | 75.6% | -0.1% |
| 2015 | 76.4% | +1.0% |
| 2016 | 77.0% | +0.8% |
| 2017 | 76.5% | -0.6% |
| 2018 | 76.3% | -0.3% |
| 2019 | 76.6% | +0.4% |
| 2020 | 77.0% | +0.5% |
| 2021 | 76.3% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72.3% | 71.8% | 72.7% | 3 |
| 2000s | 74.3% | 72.8% | 76.5% | 10 |
| 2010s | 76.2% | 75.6% | 77.0% | 10 |
| 2020s | 76.6% | 76.3% | 77.0% | 2 |
Countries ranked near United States of America
More economy & growth data for United States of America
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.1052 current US$ per US$ of GDP (2021)
- Manufacturing, value added (current US$), per capita 7,519 current US$ per person (2021)
- Manufacturing, value added (current LCU), per unit of GDP 0.1052 current LCU per US$ of GDP (2021)
- Manufacturing, value added (current LCU), per capita 7,519 current LCU per person (2021)
- Industry (including construction), value added (current US$), annual 13.08 % change on previous year (2021)
- Industry (including construction), value added (current US$), per 0.1758 current US$ per US$ of GDP (2021)
- Industry (including construction), value added (current US$), per 12,556 current US$ per person (2021)
- Industry (including construction), value added (current LCU), annual 13.08 % change on previous year (2021)
Frequently asked questions
- What is services, value added in United States of America?
- Services, value added in United States of America was 76.3% in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in United States of America?
- The highest recorded value was 77.0% in 2016.
- What is the lowest services, value added recorded in United States of America?
- The lowest recorded value was 71.8% in 1997.
- How does United States of America rank for services, value added?
- United States of America ranks 16th out of 206 countries with data for 2021.
- Is services, value added rising or falling in United States of America?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is rising.
- Where does this United States of America 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.