Services value added — all countries

Services value added — High-income countries

Services value added in high-income countries in 2024 — 25,785,448,094,743 US$. Since 1995, the indicator has risen by 136%.

2024 25.79T US$ +3.53% vs 2023
World rank
Period maximum 43.26T US$2021
Period minimum 10.77T US$1996

Trend over time

1995–2024 · US$

Services value added — High-income countries, 1995–2024020T40T60T199519982001200420072010201320162019202220241995: 10,924,447,986,882 US$1996: 10,767,578,848,817 US$1997: 16,788,466,842,777 US$1998: 16,992,980,752,163 US$1999: 17,890,523,008,730 US$2000: 18,467,354,584,854 US$2001: 18,625,203,743,346 US$2002: 19,603,251,739,704 US$2003: 21,934,702,757,595 US$2004: 24,329,849,819,655 US$2005: 25,738,529,662,525 US$2006: 27,159,928,451,231 US$2007: 29,844,407,797,983 US$2008: 32,050,219,318,335 US$2009: 30,904,418,083,534 US$2010: 32,204,721,577,734 US$2011: 34,736,719,504,819 US$2012: 35,020,495,510,000 US$2013: 35,535,701,930,622 US$2014: 36,194,763,333,661 US$2015: 34,356,389,495,572 US$2016: 35,299,443,258,810 US$2017: 36,815,850,749,330 US$2018: 38,921,411,674,166 US$2019: 39,649,892,263,930 US$2020: 39,062,053,371,854 US$2021: 43,255,047,271,547 US$2022: 24,880,909,736,469 US$2023: 24,906,203,658,588 US$2024: 25,785,448,094,743 US$
Change over the period: +14.86T (+136.03%) Average annual rate: 3.01 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: High-income countries

High-income countries 25.79T US$
World 70.69T US$
Services value added — High-income countries, by year High-income countries All countries CSV XLSX
Year US$ Change Change, %
2024 25.79T +879B +3.53%
2023 24.91T +25.29B +0.1%
2022 24.88T −18.37T −42.48%
2021 43.26T +4.19T +10.73%
2020 39.06T −588B −1.48%
2019 39.65T +728B +1.87%
2018 38.92T +2.11T +5.72%
2017 36.82T +1.52T +4.3%
2016 35.3T +943B +2.74%
2015 34.36T −1.84T −5.08%
2014 36.19T +659B +1.85%
2013 35.54T +515B +1.47%
2012 35.02T +284B +0.82%
2011 34.74T +2.53T +7.86%
2010 32.2T +1.3T +4.21%
2009 30.9T −1.15T −3.58%
2008 32.05T +2.21T +7.39%
2007 29.84T +2.68T +9.88%
2006 27.16T +1.42T +5.52%
2005 25.74T +1.41T +5.79%
2004 24.33T +2.4T +10.92%
2003 21.93T +2.33T +11.89%
2002 19.6T +978B +5.25%
2001 18.63T +158B +0.85%
2000 18.47T +577B +3.22%
1999 17.89T +898B +5.28%
1998 16.99T +205B +1.22%
1997 16.79T +6.02T +55.92%
1996 10.77T −157B −1.44%
1995 10.92T

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.