Services value added — all countries

Services value added — South America

Services value added in South America in 2024 — 2,391,109,050,730 US$. Since 1965, the indicator has risen by 11,598.9%.

2024 2.39T US$ +1.48% vs 2023
World rank
Period maximum 2.39T US$2024
Period minimum 20.44B US$1965

Trend over time

1965–2024 · US$

Services value added — South America, 1965–202401T2T3T196519711977198319891995200120072013201920241965: 20,438,788,649 US$1966: 21,804,462,940 US$1967: 20,789,414,761 US$1968: 27,511,949,630 US$1969: 31,597,487,923 US$1970: 35,301,605,123 US$1971: 37,388,085,616 US$1972: 40,640,811,955 US$1973: 54,498,447,084 US$1974: 69,038,470,835 US$1975: 61,501,595,318 US$1976: 64,886,515,633 US$1977: 82,936,830,801 US$1978: 251,550,458,083 US$1979: 204,803,578,679 US$1980: 222,837,262,632 US$1981: 252,631,775,381 US$1982: 251,028,087,188 US$1983: 221,992,071,105 US$1984: 210,101,890,276 US$1985: 198,901,490,679 US$1986: 228,441,082,866 US$1987: 237,208,187,895 US$1988: 274,063,103,349 US$1989: 300,081,001,808 US$1990: 383,926,489,199 US$1991: 403,964,383,352 US$1992: 463,847,730,075 US$1993: 517,362,209,058 US$1994: 581,080,491,238 US$1995: 753,006,002,338 US$1996: 840,018,652,641 US$1997: 889,824,372,448 US$1998: 883,997,171,797 US$1999: 694,519,092,266 US$2000: 722,588,271,067 US$2001: 656,942,634,575 US$2002: 501,420,112,218 US$2003: 538,145,081,980 US$2004: 633,212,253,034 US$2005: 816,843,103,519 US$2006: 995,364,651,430 US$2007: 1,246,862,360,450 US$2008: 1,495,826,973,063 US$2009: 1,517,399,391,336 US$2010: 1,917,583,311,936 US$2011: 2,269,610,316,649 US$2012: 2,285,797,997,608 US$2013: 2,358,907,796,273 US$2014: 2,372,724,135,942 US$2015: 1,991,584,347,001 US$2016: 1,991,678,519,831 US$2017: 2,279,844,010,926 US$2018: 2,134,981,146,590 US$2019: 2,059,361,386,464 US$2020: 1,671,177,032,821 US$2021: 1,826,124,063,370 US$2022: 2,116,866,126,319 US$2023: 2,356,342,781,752 US$2024: 2,391,109,050,730 US$
Change over the period: +2.37T (+11,598.88%) Average annual rate: 8.41 %

Comparison, 2024

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

South America 2.39T US$
World 70.69T US$
Services value added — South America, by year South America All countries CSV XLSX
Year US$ Change Change, %
2024 2.39T +34.77B +1.48%
2023 2.36T +239B +11.31%
2022 2.12T +291B +15.92%
2021 1.83T +155B +9.27%
2020 1.67T −388B −18.85%
2019 2.06T −75.62B −3.54%
2018 2.13T −145B −6.35%
2017 2.28T +288B +14.47%
2016 1.99T +94.17M +0%
2015 1.99T −381B −16.06%
2014 2.37T +13.82B +0.59%
2013 2.36T +73.11B +3.2%
2012 2.29T +16.19B +0.71%
2011 2.27T +352B +18.36%
2010 1.92T +400B +26.37%
2009 1.52T +21.57B +1.44%
2008 1.5T +249B +19.97%
2007 1.25T +251B +25.27%
2006 995B +179B +21.86%
2005 817B +184B +29%
2004 633B +95.07B +17.67%
2003 538B +36.72B +7.32%
2002 501B −156B −23.67%
2001 657B −65.65B −9.08%
2000 723B +28.07B +4.04%
1999 695B −189B −21.43%
1998 884B −5.83B −0.65%
1997 890B +49.81B +5.93%
1996 840B +87.01B +11.56%
1995 753B +172B +29.59%
1994 581B +63.72B +12.32%
1993 517B +53.51B +11.54%
1992 464B +59.88B +14.82%
1991 404B +20.04B +5.22%
1990 384B +83.85B +27.94%
1989 300B +26.02B +9.49%
1988 274B +36.85B +15.54%
1987 237B +8.77B +3.84%
1986 228B +29.54B +14.85%
1985 199B −11.2B −5.33%
1984 210B −11.89B −5.36%
1983 222B −29.04B −11.57%
1982 251B −1.6B −0.63%
1981 253B +29.79B +13.37%
1980 223B +18.03B +8.81%
1979 205B −46.75B −18.58%
1978 252B +169B +203.3%
1977 82.94B +18.05B +27.82%
1976 64.89B +3.38B +5.5%
1975 61.5B −7.54B −10.92%
1974 69.04B +14.54B +26.68%
1973 54.5B +13.86B +34.1%
1972 40.64B +3.25B +8.7%
1971 37.39B +2.09B +5.91%
1970 35.3B +3.7B +11.72%
1969 31.6B +4.09B +14.85%
1968 27.51B +6.72B +32.34%
1967 20.79B −1.02B −4.66%
1966 21.8B +1.37B +6.68%
1965 20.44B

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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