Belgium vs Latin America & Caribbean (excluding high income): Services, value added
Services, value added over time
- Belgium
- Latin America & Caribbean (excluding high income)
How they compare
Latin America & Caribbean (excluding high income) currently reports 4.52 trillion current US$ against 516.76 billion current US$ in Belgium, a difference of 4.00 trillion current US$.
That makes Latin America & Caribbean (excluding high income)'s figure about 8.7 times Belgium's.
Across all 31 years both countries report, Latin America & Caribbean (excluding high income) has been ahead every year.
Belgium ranks 22nd and Latin America & Caribbean (excluding high income) ranks 21st of 206 countries.
Latin America & Caribbean (excluding high income) has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Belgium | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 167.62 billion current US$ | 1.33 trillion current US$ | 1.16 trillion current US$ | Latin America & Caribbean (excluding high income) |
| 2000s | 242.96 billion current US$ | 1.78 trillion current US$ | 1.53 trillion current US$ | Latin America & Caribbean (excluding high income) |
| 2010s | 351.09 billion current US$ | 3.51 trillion current US$ | 3.16 trillion current US$ | Latin America & Caribbean (excluding high income) |
| 2020s | 442.97 billion current US$ | 3.79 trillion current US$ | 3.35 trillion current US$ | Latin America & Caribbean (excluding high income) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher services, value added, Belgium or Latin America & Caribbean (excluding high income)?
- Latin America & Caribbean (excluding high income), at 4.52 trillion current US$ against 516.76 billion current US$ in Belgium as of 2025.
- What is the difference in services, value added between Belgium and Latin America & Caribbean (excluding high income)?
- 4.00 trillion current US$, with Latin America & Caribbean (excluding high income) ahead.
- How many years of comparable data are there for Belgium and Latin America & Caribbean (excluding high income)?
- 31 years are reported by both, from 1995 to 2025.
- How do Belgium and Latin America & Caribbean (excluding high income) rank globally for services, value added?
- Belgium ranks 22nd and Latin America & Caribbean (excluding high income) ranks 21st of 206 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Services, value added (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.