Services value added — all countries

Services value added — G7

Services value added in the G7 in 2024 — 12,455,901,877,294 US$. Since 1994, the indicator has risen by 79.6%.

2024 12.46T US$ +2.77% vs 2023
World rank
Period maximum 31.67T US$2021
Period minimum 6.94T US$1994

Trend over time

1994–2024 · US$

Services value added — G7, 1994–2024010T20T30T40T199419972000200320062009201220152018202120241994: 6,935,925,015,803 US$1995: 7,784,056,648,577 US$1996: 7,506,813,901,549 US$1997: 13,629,031,715,860 US$1998: 13,918,205,600,221 US$1999: 14,767,623,213,616 US$2000: 15,199,921,425,324 US$2001: 15,290,804,231,520 US$2002: 15,931,859,122,837 US$2003: 17,542,244,984,999 US$2004: 19,201,302,904,914 US$2005: 20,081,459,789,088 US$2006: 20,886,954,598,111 US$2007: 22,417,269,634,143 US$2008: 23,628,889,173,871 US$2009: 23,166,825,764,038 US$2010: 23,831,279,149,300 US$2011: 25,264,408,754,636 US$2012: 25,496,904,753,134 US$2013: 25,467,767,207,141 US$2014: 26,074,281,490,204 US$2015: 25,315,836,956,123 US$2016: 26,175,413,059,019 US$2017: 26,979,956,223,301 US$2018: 28,402,972,760,181 US$2019: 29,103,248,491,721 US$2020: 28,857,887,256,347 US$2021: 31,673,350,769,524 US$2022: 12,911,521,841,944 US$2023: 12,119,646,654,971 US$2024: 12,455,901,877,294 US$
Change over the period: +5.52T (+79.59%) Average annual rate: 1.97 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: G7

G7 12.46T US$
World 70.69T US$
Services value added — G7, by year G7 All countries CSV XLSX
Year US$ Change Change, %
2024 12.46T +336B +2.77%
2023 12.12T −792B −6.13%
2022 12.91T −18.76T −59.24%
2021 31.67T +2.82T +9.76%
2020 28.86T −245B −0.84%
2019 29.1T +700B +2.47%
2018 28.4T +1.42T +5.27%
2017 26.98T +805B +3.07%
2016 26.18T +860B +3.4%
2015 25.32T −758B −2.91%
2014 26.07T +607B +2.38%
2013 25.47T −29.14B −0.11%
2012 25.5T +232B +0.92%
2011 25.26T +1.43T +6.01%
2010 23.83T +664B +2.87%
2009 23.17T −462B −1.96%
2008 23.63T +1.21T +5.4%
2007 22.42T +1.53T +7.33%
2006 20.89T +805B +4.01%
2005 20.08T +880B +4.58%
2004 19.2T +1.66T +9.46%
2003 17.54T +1.61T +10.11%
2002 15.93T +641B +4.19%
2001 15.29T +90.88B +0.6%
2000 15.2T +432B +2.93%
1999 14.77T +849B +6.1%
1998 13.92T +289B +2.12%
1997 13.63T +6.12T +81.56%
1996 7.51T −277B −3.56%
1995 7.78T +848B +12.23%
1994 6.94T

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

Source: World Development Indicators (World Bank), license CC BY 4.0.