New Zealand: Services, value added (% of GDP)
In , New Zealand's Services, value added (% of GDP) was 67.41.
That's up 0.3% from 2021, the highest value on record.
The global average for this indicator in 2022 was 56.53 .
Source: World Bank Open Data (NV.SRV.TOTL.ZS) • Data as of 2022
Trend (2005–2022)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 67.41
- Trough
- 63.40
- 1-year change
- +0.3%
- 5-year change
- +3.7%
- +0.7% / yr
- 10-year change
- +3.7%
- +0.4% / yr
Historical Data — Last 10 Years
| Year | Services, value added (% of GDP) |
|---|---|
| 67.4103 | |
| 67.2009 | |
| 66.2726 | |
| 65.4921 | |
| 65.5271 | |
| 65.0335 | |
| 65.6043 | |
| 65.8988 | |
| 65.4705 | |
| 64.3980 |
About Services, value added (% of GDP)
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, 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.
Indicator code: NV.SRV.TOTL.ZS • Category: Economy
Frequently asked questions
- What was New Zealand's Services, value added (% of GDP) in 2022?
- In 2022, New Zealand's Services, value added (% of GDP) was 67.41, according to World Bank Open Data.
- Is New Zealand's Services, value added (% of GDP) rising or falling?
- New Zealand's Services, value added (% of GDP) rose 0.3% from 2021 to 2022.
- How does New Zealand's Services, value added (% of GDP) compare to the world average?
- The global average for Services, value added (% of GDP) in 2022 was 56.53, so New Zealand is above the world average.
- What is Services, value added (% of GDP) and how is it measured?
- Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, 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.
Source: World Bank Open Data (NV.SRV.TOTL.ZS), CC BY 4.0.