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$, in 1997.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.30 trillion current US$ | 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 |
More economy & growth data for OECD members
- Final consumption expenditure 52.86 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 1.3% (2024)
- Agriculture, forestry, and fishing, value added 0.7% (2024)
- Agriculture, forestry, and fishing, value added 731.26 billion constant 2015 US$ (2024)
- Households and NPISHs final consumption expenditure 60.1% (2024)
- Final consumption expenditure 2.2% (2024)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
- Gross national expenditure 68.20 trillion current US$ (2024)
- Households and NPISHs Final consumption expenditure per capita 24,690 constant 2015 US$ (2024)
- Final consumption expenditure 44.42 trillion constant 2015 US$ (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.
- 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.