Services sector's value added to GDP in Guyana

The value added by the services industry to the gross domestic product in Guyana increased by 0.2 billion U.S. dollars (+9.26 percent) compared to the previous year. Therefore, the value added in Guyana reached a peak in 2022 with 2.35 billion U.S. dollars.
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 national gross income per capita, share of value added by the manufacturing industry to the gross domestic product, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Guyana from 2013 to 2022 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2022	2.35
2021	2.16
2020	1.93
2019	2.13
2018	2.05
2017	1.99
2016	1.93
2015	1.89
2014	1.9
2013	1.84

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Release date

October 2024

More information

Region

Guyana

Survey time period

2013 to 2022

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the 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.

Figures have been rounded.

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