Services, value added in World
World: Services, value added 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.
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 |
More economy & growth data for World
- Final consumption expenditure 70.92 trillion constant 2015 US$ (2024)
- Manufacturing, value added 14.9% (2025)
- Manufacturing, value added 17.60 trillion current US$ (2025)
- Households and NPISHs final consumption expenditure 56.6% (2024)
- Final consumption expenditure 81.66 trillion current US$ (2024)
- Gross national expenditure 111.01 trillion current US$ (2024)
- Exports of goods and services 34.89 trillion current US$ (2025)
- Gross national expenditure 96.34 trillion constant 2015 US$ (2024)
- Households and NPISHs Final consumption expenditure per capita growth 2.0% (2024)
- Final consumption expenditure 2.9% (2024)
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.
- 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.
Download this data
CSV · JSON — 30 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.