Suriname: Services, value added (% of GDP)

Key figures

What the numbers say

In 2024, Suriname's services, value added (% of GDP) rose 2.01 percentage points on 2023 (from 48.83% to 50.85%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.02 percentage points and a typical year strayed about 3.93 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 7.31 percentage points in 1975 and the biggest yearly fall was 14.39 percentage points in 1990. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 0.58 percentage points a year. A straight line explains 32% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Suriname had the 26th highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Suriname in the 2024 ranking

• Faroe Islands — 22nd of 31: 53.83%
• Bolivia — 23rd of 31: 53.36%
• Peru — 24th of 31: 50.87%
• Tonga — 26th of 31: 49.54%
• Solomon Islands — 27th of 31: 46.92%
• Afghanistan — 28th of 31: 45.16%

What this measures

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.

Limitations: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 65 values

Services, value added (% of GDP) in nearby economies

• Antigua and Barbuda — 68.66% (2025)
• Argentina — 56.15% (2025)
• Aruba — 76.28% (2023)
• Bahamas, The — 77.19% (2024)
• Barbados — 75.84% (2024)
• Belize — 62.44% (2024)
• Bolivia — 53.36% (2024)
• Brazil — 59.74% (2025)
• Cayman Islands — 86.54% (2024)
• Chile — 55.51% (2025)
• Colombia — 58.51% (2025)

More economic policy & debt data for Suriname

• Total reserves, including gold (current US$) — US$1.62 billion (2025)
• Total reserves, excluding gold (current US$) — US$1.45 billion (2025)
• GDP (current US$) — US$4.52 billion (2025)
• GDP (current LCU) — 168.55 billion (2025)
• GDP (constant 2015 US$) — US$4.68 billion (2025)
• GDP (constant LCU) — 15.99 billion (2025)
• GDP per capita (current US$) — US$7,070 (2025)
• GDP per capita (current LCU) — 263,425 (2025)
• GDP per capita (constant 2015 US$) — US$7,314 (2025)
• GDP per capita (constant LCU) — 24,988 (2025)
• GNI (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Suriname's services, value added (% of GDP)?

50.85% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 11.61 percentage points from 39.24% in 1960. The highest value was 66.02% in 1987 and the lowest 33.16% in 1995.

How does Suriname rank?

26th highest of 31 economies with data for 2024.

Is the latest change in services, value added (% of GDP) unusual for Suriname?

In 2024, Suriname's services, value added (% of GDP) rose 2.01 percentage points on 2023 (from 48.83% to 50.85%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.02 percentage points and a typical year strayed about 3.93 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.SRV.TOTL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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