South Africa Services Value Added (% of GDP) (2024)
South Africa's Services Value Added (% of GDP): 63 % of GDP in 2024, +0.3pp YoY. World Bank (NV.SRV.TOTL.ZS), 1990–2024.
South Africa (2024)
63
% of GDP
+0.3pp YoY
YoY Change
+0.3pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 63 | +0.3pp |
| 2023 | 62.7 | +0.4pp |
| 2022 | 62.3 | -0.5pp |
| 2021 | 62.7 | -1.9pp |
| 2020 | 64.6 | +0.3pp |
| 2019 | 64.3 | +0.1pp |
| 2018 | 64.3 | -0.1pp |
| 2017 | 64.3 | +0.4pp |
| 2016 | 63.9 | -0.2pp |
| 2015 | 64.1 | +0.1pp |
| 2014 | 64 | -0pp |
| 2013 | 64.1 | -0.3pp |
| 2012 | 64.3 | -0pp |
| 2011 | 64.3 | +0.1pp |
| 2010 | 64.3 | +0.6pp |
| 2009 | 63.6 | +2.1pp |
| 2008 | 61.5 | -1.2pp |
| 2007 | 62.8 | -0.7pp |
| 2006 | 63.5 | +0.9pp |
| 2005 | 62.6 | n/a |
About this Dataset
South Africa recorded 63.0 % of GDP in 2024. The most recent year-on-year change was +0.3pp. The historical series (1990–2024) shows a peak of 64.6 in 2020 and a trough of 52.4 in 1990.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south africa services value added (% of gdp) in South Africa, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Updated annual.
The series peaked at 64.6 % of GDP in 2020 and reached its lowest recorded value of 52.4 in 1990. The latest reading of 63.0 in 2024 represents a year-on-year change of +0.3pp.