Services value added — all countries

Services value added — Australia and New Zealand

Services value added in Australia and New Zealand in 2023 — 1,278,677,446,083 US$. Since 1990, the indicator has risen by 500.2%.

2023 1.28T US$ +2.89% vs 2022
World rank
Period maximum 1.28T US$2023
Period minimum 213B US$1990

Trend over time

1990–2023 · US$

Services value added — Australia and New Zealand, 1990–20230500B1T1.5T1990199419982002200620102014201820221990: 213,057,172,831 US$1991: 225,655,441,105 US$1992: 226,895,304,734 US$1993: 223,492,840,514 US$1994: 235,180,407,905 US$1995: 268,842,450,614 US$1996: 294,001,015,568 US$1997: 317,746,158,779 US$1998: 290,330,133,041 US$1999: 288,091,999,842 US$2000: 301,030,259,276 US$2001: 277,747,408,804 US$2002: 295,929,213,327 US$2003: 357,820,139,447 US$2004: 462,348,323,667 US$2005: 522,776,853,801 US$2006: 550,120,994,949 US$2007: 638,540,786,869 US$2008: 768,560,222,032 US$2009: 676,793,614,902 US$2010: 851,846,824,756 US$2011: 1,014,995,770,558 US$2012: 1,126,419,171,756 US$2013: 1,171,470,643,875 US$2014: 1,099,799,025,723 US$2015: 1,028,934,985,864 US$2016: 949,797,069,793 US$2017: 1,025,142,626,698 US$2018: 1,093,004,477,194 US$2019: 1,062,940,375,227 US$2020: 1,024,456,318,263 US$2021: 1,196,116,554,754 US$2022: 1,242,717,009,766 US$2023: 1,278,677,446,083 US$
Change over the period: +1.07T (+500.16%) Average annual rate: 5.58 %

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Australia and New Zealand

Australia and New Zealand 1.28T US$
World 67.67T US$
Services value added — Australia and New Zealand, by year Australia and New Zealand All countries CSV XLSX
Year US$ Change Change, %
2023 1.28T +35.96B +2.89%
2022 1.24T +46.6B +3.9%
2021 1.2T +172B +16.76%
2020 1.02T −38.48B −3.62%
2019 1.06T −30.06B −2.75%
2018 1.09T +67.86B +6.62%
2017 1.03T +75.35B +7.93%
2016 950B −79.14B −7.69%
2015 1.03T −70.86B −6.44%
2014 1.1T −71.67B −6.12%
2013 1.17T +45.05B +4%
2012 1.13T +111B +10.98%
2011 1.01T +163B +19.15%
2010 852B +175B +25.87%
2009 677B −91.77B −11.94%
2008 769B +130B +20.36%
2007 639B +88.42B +16.07%
2006 550B +27.34B +5.23%
2005 523B +60.43B +13.07%
2004 462B +105B +29.21%
2003 358B +61.89B +20.91%
2002 296B +18.18B +6.55%
2001 278B −23.28B −7.73%
2000 301B +12.94B +4.49%
1999 288B −2.24B −0.77%
1998 290B −27.42B −8.63%
1997 318B +23.75B +8.08%
1996 294B +25.16B +9.36%
1995 269B +33.66B +14.31%
1994 235B +11.69B +5.23%
1993 223B −3.4B −1.5%
1992 227B +1.24B +0.55%
1991 226B +12.6B +5.91%
1990 213B

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.