Canada Services Value Added
Services value added as % of GDP NV.SRV.TOTL.ZS
Canada's services value added was 66.39% in 2021, ranked 156th globally. This represents a 4.6% decrease from 2020. Data from World Bank, covering 1997–2021.
Overview
Canada's services value added stood at 66.39% in 2021, a decline of +3.17% from 2020. Canada ranked 156th globally.
Canada's Services Value Added, as measured by the World Bank, has shown moderate growth over the past 25 years, with a latest value of 66.39 in 2021, ranking #156 globally. The country's all-time peak of 69.56 occurred in 2020, while the trough of 61.30 was reached in 2000. This trajectory is comparable to that of Micronesia, which shares a similar ranking and value of 66.38 in 2021. Denmark, with a slightly higher value of 66.64, serves as a notable peer country. The Services Value Added has steadily increased since 1997, with some fluctuations, suggesting a generally positive trend. However, a decline in the value of services or a shift in economic focus could alter this trajectory, potentially impacting Canada's position in the global rankings. The impact of future technological advancements and trade agreements on the services sector will be crucial in determining the country's economic trajectory in the coming years.
Data & projection
| Year | Services Value Added | YoY change | Rank |
|---|---|---|---|
| 2021 | 66.39% | −3.17% | #156 |
| 2020 | 69.56% | +1.89% | #165 |
| 2019 | 67.67% | +0.81% | #159 |
| 2018 | 66.87% | −0.25% | #158 |
| 2017 | 67.12% | −0.84% | #160 |
| 2016 | 67.96% | +0.96% | #160 |
| 2015 | 67.00% | +2.10% | #158 |
| 2014 | 64.90% | −0.27% | #147 |
| 2013 | 65.17% | +0.00% | #148 |
| 2012 | 65.16% | +0.37% | #151 |
| 2011 | 64.80% | −0.94% | #149 |
| 2010 | 65.73% | −1.14% | #152 |
| 2009 | 66.87% | +4.13% | #156 |
| 2008 | 62.73% | −0.36% | #143 |
| 2007 | 63.10% | +0.37% | #144 |
Detected Pattern
Analysis
Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw services value added improve within 24 months. View full analysis →
Frequently Asked Questions
Canada's services value added was 66.39% in 2021. Ranked 156th globally. This represents a 4.6% decrease from the previous year.
Canada's services value added peaked at 69.56% in 2020.
The lowest services value added in Canada was 61.30% in 2000.
Canada ranks 156th globally in services value added as of 2021.
The World Bank indicator code is NV.SRV.TOTL.ZS. Data sourced from World Bank.
The services value added of Canada in 2021 was 66.39%. This ranks 156th in the world.
Cite this page
@misc{historysaid_canada_services-value-added,
title = {Canada Services Value Added},
url = {https://historysaid.com/canada/services-value-added/},
publisher = {HistorySaid},
year = {2026}
}