Services, value added in Suriname
Suriname: Services, value added was 9.69 billion constant LCU in 2024. ▲ Rising
Services, value added in Suriname, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Suriname is 9.69 billion constant LCU, measured in 2024.
Compared with earlier readings it is up 2.6% on the previous year and down 5.3% over ten years.
Over the whole period, services, value added in Suriname peaked at 10.36 billion constant LCU in 2019 and was at its lowest, 3.12 billion constant LCU, in 1976.
Suriname ranks 162nd of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Services, value added in Suriname, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1975 | 3.58 billion constant LCU | — |
| 1976 | 3.12 billion constant LCU | -12.7% |
| 1977 | 3.59 billion constant LCU | +15.0% |
| 1978 | 4.29 billion constant LCU | +19.6% |
| 1979 | 4.07 billion constant LCU | -5.1% |
| 1980 | 4.37 billion constant LCU | +7.3% |
| 1981 | 4.81 billion constant LCU | +10.0% |
| 1982 | 4.87 billion constant LCU | +1.2% |
| 1983 | 4.79 billion constant LCU | -1.5% |
| 1984 | 4.52 billion constant LCU | -5.7% |
| 1985 | 4.61 billion constant LCU | +2.0% |
| 1986 | 4.55 billion constant LCU | -1.4% |
| 1987 | 4.62 billion constant LCU | +1.6% |
| 1988 | 4.78 billion constant LCU | +3.4% |
| 1989 | 5.12 billion constant LCU | +7.0% |
| 1990 | 4.75 billion constant LCU | -7.1% |
| 1991 | 4.80 billion constant LCU | +1.0% |
| 1992 | 4.87 billion constant LCU | +1.4% |
| 1993 | 4.80 billion constant LCU | -1.4% |
| 1994 | 4.55 billion constant LCU | -5.2% |
| 1995 | 4.82 billion constant LCU | +5.9% |
| 1996 | 4.81 billion constant LCU | -0.2% |
| 1997 | 4.98 billion constant LCU | +3.5% |
| 1998 | 5.11 billion constant LCU | +2.7% |
| 1999 | 5.01 billion constant LCU | -1.9% |
| 2000 | 5.02 billion constant LCU | +0.1% |
| 2001 | 5.12 billion constant LCU | +2.0% |
| 2002 | 5.41 billion constant LCU | +5.7% |
| 2003 | 5.85 billion constant LCU | +8.2% |
| 2004 | 6.19 billion constant LCU | +5.7% |
| 2005 | 6.63 billion constant LCU | +7.1% |
| 2006 | 6.98 billion constant LCU | +5.4% |
| 2007 | 7.39 billion constant LCU | +5.8% |
| 2008 | 7.68 billion constant LCU | +4.0% |
| 2009 | 8.27 billion constant LCU | +7.7% |
| 2010 | 8.64 billion constant LCU | +4.4% |
| 2011 | 9.00 billion constant LCU | +4.2% |
| 2012 | 9.78 billion constant LCU | +8.7% |
| 2013 | 10.18 billion constant LCU | +4.0% |
| 2014 | 10.24 billion constant LCU | +0.6% |
| 2015 | 9.54 billion constant LCU | -6.8% |
| 2016 | 9.36 billion constant LCU | -1.9% |
| 2017 | 8.89 billion constant LCU | -5.0% |
| 2018 | 9.63 billion constant LCU | +8.3% |
| 2019 | 10.36 billion constant LCU | +7.7% |
| 2020 | 8.71 billion constant LCU | -16.0% |
| 2021 | 8.90 billion constant LCU | +2.2% |
| 2022 | 9.18 billion constant LCU | +3.1% |
| 2023 | 9.44 billion constant LCU | +2.9% |
| 2024 | 9.69 billion constant LCU | +2.6% |
Suriname compared with similar countries
- Suriname's 9.69 billion constant LCU is below the median for upper middle income countries, which is 353.44 billion constant LCU, 3% of the median. (58 countries reporting)
- Suriname's 9.69 billion constant LCU is below the median for Latin America & Caribbean, which is 71.16 billion constant LCU, 14% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.73 billion constant LCU | 3.12 billion constant LCU | 4.29 billion constant LCU | 5 |
| 1980s | 4.71 billion constant LCU | 4.37 billion constant LCU | 5.12 billion constant LCU | 10 |
| 1990s | 4.85 billion constant LCU | 4.55 billion constant LCU | 5.11 billion constant LCU | 10 |
| 2000s | 6.45 billion constant LCU | 5.02 billion constant LCU | 8.27 billion constant LCU | 10 |
| 2010s | 9.56 billion constant LCU | 8.64 billion constant LCU | 10.36 billion constant LCU | 10 |
| 2020s | 9.19 billion constant LCU | 8.71 billion constant LCU | 9.69 billion constant LCU | 5 |
Countries ranked near Suriname
- 159 Azerbaijan 11.12 billion constant LCU compare
- 160 Bahamas 10.63 billion constant LCU compare
- 161 Greenland 10.29 billion constant LCU compare
- 163 Channel Islands 9.18 billion constant LCU compare
- 164 Bahrain 9.05 billion constant LCU compare
- 165 South Sudan 9.04 billion constant LCU compare
More economy & growth data for Suriname
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.22 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -919,348 BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0002 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -1.44 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.04 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 206.03 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.4506 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3,186 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -1.01 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Suriname?
- Services, value added in Suriname was 9.69 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Suriname?
- The highest recorded value was 10.36 billion constant LCU in 2019.
- What is the lowest services, value added recorded in Suriname?
- The lowest recorded value was 3.12 billion constant LCU in 1976.
- How does Suriname rank for services, value added?
- Suriname ranks 162nd out of 199 countries with data for 2024.
- Is services, value added rising or falling in Suriname?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is rising.
- Where does this Suriname data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.