Services sector share of GDP in Guyana 2006-2022

The share of value added by the services industry to gross domestic product in Guyana decreased to 19.27 percent compared to the previous year. In 2022, the share thereby reached its lowest value in recent years.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

Find more statistics on other topics about Guyana with key insights such as value added by the agriculture, forestry and fishing sector to the gross domestic product, value added by the services industry to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

Share of value added by the services industry to gross domestic product (GDP) in Guyana from 2006 to 2022

Characteristic	Share of GDP
2022	19.27%
2021	30.84%
2020	38.92%
2019	44.71%
2018	45.95%
2017	44.32%
2016	44.3%
2015	44.1%
2014	44.78%
2013	42.96%
2012	43%
2011	42.8%
2010	41.56%
2009	40.98%
2008	39.52%
2007	40.59%
2006	40.27%

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Release date

October 2024

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Region

Guyana

Survey time period

2006 to 2022

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. 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 source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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