Services, value added in Suriname
Suriname: Services, value added was 50.8% in 2024. ▲ Rising
Services, value added in Suriname, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Suriname recorded 50.8% for services, value added in 2024.
That represents a change of up 4.1% on the previous year and down 2.7% over ten years.
Over the whole period, services, value added in Suriname peaked at 66.0% in 1987 and was at its lowest, 33.2%, in 1995.
That places Suriname 144th out of 204 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 65 years of available data.
Services, value added in Suriname, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 39.2% | — |
| 1961 | 40.7% | +3.8% |
| 1962 | 41.5% | +2.0% |
| 1963 | 40.8% | -1.8% |
| 1964 | 41.6% | +1.9% |
| 1965 | 40.7% | -2.1% |
| 1966 | 36.4% | -10.6% |
| 1967 | 35.8% | -1.6% |
| 1968 | 36.6% | +2.3% |
| 1969 | 36.5% | -0.5% |
| 1970 | 40.3% | +10.6% |
| 1971 | 38.7% | -3.9% |
| 1972 | 41.4% | +6.9% |
| 1973 | 39.4% | -4.8% |
| 1974 | 33.2% | -15.8% |
| 1975 | 40.5% | +22.0% |
| 1976 | 43.0% | +6.2% |
| 1977 | 42.2% | -1.8% |
| 1978 | 44.5% | +5.4% |
| 1979 | 44.4% | -0.3% |
| 1980 | 48.4% | +9.0% |
| 1981 | 49.9% | +3.1% |
| 1982 | 54.4% | +9.1% |
| 1983 | 56.9% | +4.6% |
| 1984 | 56.1% | -1.5% |
| 1985 | 59.6% | +6.2% |
| 1986 | 62.9% | +5.6% |
| 1987 | 66.0% | +4.9% |
| 1988 | 63.9% | -3.3% |
| 1989 | 65.2% | +2.2% |
| 1990 | 50.8% | -22.1% |
| 1991 | 54.2% | +6.6% |
| 1992 | 52.6% | -2.8% |
| 1993 | 49.6% | -5.8% |
| 1994 | 36.5% | -26.3% |
| 1995 | 33.2% | -9.3% |
| 1996 | 36.5% | +10.2% |
| 1997 | 42.8% | +17.0% |
| 1998 | 46.7% | +9.2% |
| 1999 | 46.6% | -0.3% |
| 2000 | 46.0% | -1.2% |
| 2001 | 42.5% | -7.7% |
| 2002 | 43.8% | +3.1% |
| 2003 | 43.0% | -1.7% |
| 2004 | 41.4% | -3.7% |
| 2005 | 41.4% | -0.2% |
| 2006 | 45.4% | +9.8% |
| 2007 | 44.7% | -1.5% |
| 2008 | 44.2% | -1.3% |
| 2009 | 47.7% | +8.0% |
| 2010 | 48.2% | +1.1% |
| 2011 | 47.0% | -2.6% |
| 2012 | 47.7% | +1.4% |
| 2013 | 50.8% | +6.6% |
| 2014 | 52.3% | +2.9% |
| 2015 | 54.5% | +4.3% |
| 2016 | 57.1% | +4.7% |
| 2017 | 48.2% | -15.6% |
| 2018 | 50.8% | +5.5% |
| 2019 | 55.4% | +8.9% |
| 2020 | 51.9% | -6.3% |
| 2021 | 50.4% | -2.9% |
| 2022 | 48.1% | -4.6% |
| 2023 | 48.8% | +1.6% |
| 2024 | 50.8% | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 39.0% | 35.8% | 41.6% | 10 |
| 1970s | 40.8% | 33.2% | 44.5% | 10 |
| 1980s | 58.3% | 48.4% | 66.0% | 10 |
| 1990s | 45.0% | 33.2% | 54.2% | 10 |
| 2000s | 44.0% | 41.4% | 47.7% | 10 |
| 2010s | 51.2% | 47.0% | 57.1% | 10 |
| 2020s | 50.0% | 48.1% | 51.9% | 5 |
Countries ranked near Suriname
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 11.16 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 30.75 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 214,058 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.72 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9593 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 6,678 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.72 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 3.28 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Suriname?
- Services, value added in Suriname was 50.8% 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 66.0% in 1987.
- What is the lowest services, value added recorded in Suriname?
- The lowest recorded value was 33.2% in 1995.
- How does Suriname rank for services, value added?
- Suriname ranks 144th out of 204 countries with data for 2024.
- Is services, value added rising or falling in Suriname?
- Over the last ten years it is down 2.7%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.