Suriname - Services, etc., value added (% of GDP)

Services, etc., value added (% of GDP) in Suriname was 58.05 as of 2016. Its highest value over the past 56 years was 72.85 in 1991, while its lowest value was 37.67 in 1974.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 43.37
1961 46.11
1962 48.11
1963 48.26
1964 47.96
1965 46.79
1966 41.23
1967 40.30
1968 40.41
1969 41.07
1970 45.58
1971 43.73
1972 45.67
1973 43.82
1974 37.67
1975 51.36
1976 51.01
1977 49.19
1978 52.97
1979 51.83
1980 51.99
1981 52.60
1982 56.93
1983 60.38
1984 59.11
1985 60.74
1986 61.56
1987 63.72
1988 60.93
1989 62.76
1990 67.09
1991 72.85
1992 71.78
1993 64.40
1994 54.54
1995 53.29
1996 54.67
1997 58.37
1998 66.15
1999 65.30
2000 63.67
2001 65.63
2002 61.55
2003 61.95
2004 58.93
2005 57.30
2006 48.76
2007 48.25
2008 47.00
2009 51.53
2010 51.52
2011 51.33
2012 51.84
2013 55.10
2014 56.87
2015 61.73
2016 58.05

Limitations and Exceptions: 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.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts