Services, value added in OECD members
OECD members: Services, value added was 69.8% in 2021. ▲ Rising
Services, value added in OECD members, 1997–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
OECD members recorded 69.8% for services, value added in 2021.
Compared with earlier readings it is down 1.1% on the previous year and up 1.5% over ten years.
Over the whole period, services, value added in OECD members peaked at 70.6% in 2020 and was at its lowest, 65.3%, 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 | 65.9% | 65.3% | 66.4% | 3 |
| 2000s | 67.9% | 66.6% | 69.9% | 10 |
| 2010s | 69.4% | 68.8% | 70.1% | 10 |
| 2020s | 70.2% | 69.8% | 70.6% | 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 69.8% 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 70.6% in 2020.
- What is the lowest services, value added recorded in OECD members?
- The lowest recorded value was 65.3% in 1997.
- Is services, value added rising or falling in OECD members?
- Over the last ten years it is up 1.5%. 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.