Services, value added (% of GDP) in World
World: Services, value added (% of GDP) was 63.3% in 2024. ▬ Flat
Services, value added in World, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in World stood at 63.3%.
Compared with earlier readings it is up 0.4% on the previous year and up 0.2% over ten years.
Over the whole period, services, value added in World peaked at 65.7% in 2002 and was at its lowest, 62.3%, in 2022.
That places World 13th out of 47 groups with data for 2024, putting it in the middle of the range.
Services, value added (% of GDP) in World, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 65.4% | — |
| 1996 | 64.4% | -1.6% |
| 1997 | 62.9% | -2.4% |
| 1998 | 63.8% | +1.5% |
| 1999 | 64.3% | +0.8% |
| 2000 | 64.2% | -0.2% |
| 2001 | 65.2% | +1.6% |
| 2002 | 65.7% | +0.7% |
| 2003 | 65.5% | -0.3% |
| 2004 | 64.8% | -1.0% |
| 2005 | 64.3% | -0.8% |
| 2006 | 63.6% | -1.1% |
| 2007 | 63.2% | -0.6% |
| 2008 | 62.8% | -0.6% |
| 2009 | 64.7% | +3.0% |
| 2010 | 63.3% | -2.1% |
| 2011 | 62.6% | -1.2% |
| 2012 | 62.7% | +0.2% |
| 2013 | 62.9% | +0.3% |
| 2014 | 63.2% | +0.4% |
| 2015 | 64.4% | +1.9% |
| 2016 | 65.0% | +1.0% |
| 2017 | 64.5% | -0.8% |
| 2018 | 64.3% | -0.4% |
| 2019 | 64.9% | +1.0% |
| 2020 | 65.4% | +0.8% |
| 2021 | 64.1% | -2.0% |
| 2022 | 62.3% | -2.9% |
| 2023 | 63.0% | +1.2% |
| 2024 | 63.3% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 64.2% | 62.9% | 65.4% | 5 |
| 2000s | 64.4% | 62.8% | 65.7% | 10 |
| 2010s | 63.8% | 62.6% | 65.0% | 10 |
| 2020s | 63.6% | 62.3% | 65.4% | 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)
- SDRs holdings, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0076 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 110.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0002 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 80.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.2 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0052 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in World?
- Services, value added in World was 63.3% 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 65.7% in 2002.
- What is the lowest services, value added recorded in World?
- The lowest recorded value was 62.3% in 2022.
- How does World rank for services, value added?
- World ranks 13th 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 0.2%. The long-run trend across the full record is flat.
- 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 (% 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.