Services share of GDP — all countries

Services share of GDP — South America

Services share of GDP in South America in 2024 — 56.9%. Since 1965, the indicator has risen by 28.2 pp.

2024 56.9% −0.2 pp vs 2023
World rank
Period maximum 62.8%1978
Period minimum 22.2%1976

Trend over time

1965–2024 · % of GDP

Services share of GDP — South America, 1965–202420406080196519711977198319891995200120072013201920241965: 28.7%1966: 27.6%1967: 26.6%1968: 29.6%1969: 30.3%1970: 30.9%1971: 29.4%1972: 28.4%1973: 27.5%1974: 26.3%1975: 23.7%1976: 22.2%1977: 24.8%1978: 62.8%1979: 47.8%1980: 48%1981: 49.6%1982: 48.8%1983: 48.8%1984: 46%1985: 44.6%1986: 45%1987: 44.8%1988: 46.3%1989: 47.2%1990: 55.5%1991: 53.9%1992: 57.8%1993: 59.9%1994: 53.8%1995: 54.4%1996: 56.4%1997: 56.2%1998: 56.6%1999: 55.3%2000: 53.7%2001: 53.2%2002: 51.1%2003: 50.8%2004: 48.8%2005: 49.2%2006: 49.2%2007: 49.8%2008: 48.9%2009: 50.7%2010: 49.9%2011: 51.4%2012: 56.4%2013: 57.2%2014: 58.3%2015: 59.3%2016: 60.2%2017: 60.5%2018: 59.9%2019: 60.3%2020: 59.2%2021: 55.6%2022: 56%2023: 57.1%2024: 56.9%
Change over the period: +28.2 pp Annual average: 0.48 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: South America

South America 56.9%
World 63.3%
Services share of GDP — South America, by year South America All countries CSV XLSX
Year % Change, pp
2024 56.9 −0.2 pp
2023 57.1 +1.1 pp
2022 56 +0.4 pp
2021 55.6 −3.6 pp
2020 59.2 −1.1 pp
2019 60.3 +0.4 pp
2018 59.9 −0.6 pp
2017 60.5 +0.3 pp
2016 60.2 +0.8 pp
2015 59.3 +1.1 pp
2014 58.3 +1.1 pp
2013 57.2 +0.8 pp
2012 56.4 +5 pp
2011 51.4 +1.5 pp
2010 49.9 −0.8 pp
2009 50.7 +1.7 pp
2008 48.9 −0.8 pp
2007 49.8 +0.6 pp
2006 49.2 +0 pp
2005 49.2 +0.4 pp
2004 48.8 −2 pp
2003 50.8 −0.4 pp
2002 51.1 −2.1 pp
2001 53.2 −0.5 pp
2000 53.7 −1.6 pp
1999 55.3 −1.2 pp
1998 56.6 +0.4 pp
1997 56.2 −0.3 pp
1996 56.4 +2.1 pp
1995 54.4 +0.6 pp
1994 53.8 −6.1 pp
1993 59.9 +2.1 pp
1992 57.8 +3.8 pp
1991 53.9 −1.5 pp
1990 55.5 +8.2 pp
1989 47.2 +0.9 pp
1988 46.3 +1.5 pp
1987 44.8 −0.3 pp
1986 45 +0.4 pp
1985 44.6 −1.3 pp
1984 46 −2.8 pp
1983 48.8 −0 pp
1982 48.8 −0.8 pp
1981 49.6 +1.6 pp
1980 48 +0.1 pp
1979 47.8 −15 pp
1978 62.8 +38.1 pp
1977 24.8 +2.5 pp
1976 22.2 −1.5 pp
1975 23.7 −2.7 pp
1974 26.3 −1.1 pp
1973 27.5 −1 pp
1972 28.4 −0.9 pp
1971 29.4 −1.5 pp
1970 30.9 +0.5 pp
1969 30.3 +0.7 pp
1968 29.6 +3 pp
1967 26.6 −0.9 pp
1966 27.6 −1.1 pp
1965 28.7

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.