Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Latin America and the Caribbean

Latin America and the Caribbean: Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of was 18.1 Percentage of GDP in 2022. ▲ Rising

Latest (2022)
18.1 Percentage of GDP
Change on year
up 2.3%
Rank
4th
of 28 groups
All-time high
18.16 Percentage of GDP
in 2016
All-time low
16.07 Percentage of GDP
in 2006
Years of data
23
2000–2022

Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Latin America and the Caribbean, 2000–2022

051015202000201120222000: 16.9 Percentage of GDP2001: 16.8 Percentage of GDP2002: 16.5 Percentage of GDP2003: 16.4 Percentage of GDP2004: 16.3 Percentage of GDP2005: 16.2 Percentage of GDP2006: 16.1 Percentage of GDP2007: 16.2 Percentage of GDP2008: 16.3 Percentage of GDP2009: 16.4 Percentage of GDP2010: 16.3 Percentage of GDP2011: 16.5 Percentage of GDP2012: 17 Percentage of GDP2013: 17.2 Percentage of GDP2014: 17.5 Percentage of GDP2015: 17.9 Percentage of GDP2016: 18.2 Percentage of GDP2017: 18.1 Percentage of GDP2018: 18.1 Percentage of GDP2019: 17.9 Percentage of GDP2020: 17.1 Percentage of GDP2021: 17.7 Percentage of GDP2022: 18.1 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

In 2022, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Latin America and the Caribbean stood at 18.1 Percentage of GDP.

Compared with earlier readings it is up 2.3% on the previous year and up 6.6% over ten years.

Over the whole period, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Latin America and the Caribbean peaked at 18.16 Percentage of GDP in 2016 and was at its lowest, 16.07 Percentage of GDP, in 2006.

That places Latin America and the Caribbean 4th out of 28 groups with data for 2022, putting it in the top quarter.

The long-run direction has been consistently rising across the 23 years of available data.

Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Latin America and the Caribbean, year by year

Annual values for Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Value added in wholesale, retail trade, restaurants and hotels in Latin America and the Caribbean, 2000 to 2022.
Year Percentage of GDP Change
2000 16.87 Percentage of GDP
2001 16.84 Percentage of GDP -0.2%
2002 16.51 Percentage of GDP -2.0%
2003 16.41 Percentage of GDP -0.6%
2004 16.26 Percentage of GDP -0.9%
2005 16.18 Percentage of GDP -0.5%
2006 16.07 Percentage of GDP -0.7%
2007 16.24 Percentage of GDP +1.1%
2008 16.33 Percentage of GDP +0.6%
2009 16.41 Percentage of GDP +0.5%
2010 16.28 Percentage of GDP -0.8%
2011 16.48 Percentage of GDP +1.2%
2012 16.99 Percentage of GDP +3.1%
2013 17.18 Percentage of GDP +1.1%
2014 17.48 Percentage of GDP +1.8%
2015 17.91 Percentage of GDP +2.4%
2016 18.16 Percentage of GDP +1.4%
2017 18.15 Percentage of GDP -0.1%
2018 18.1 Percentage of GDP -0.3%
2019 17.94 Percentage of GDP -0.9%
2020 17.11 Percentage of GDP -4.6%
2021 17.7 Percentage of GDP +3.5%
2022 18.1 Percentage of GDP +2.3%

Averages by decade

DecadeAverage LowestHighest Years
2000s 16.41 Percentage of GDP 16.07 Percentage of GDP 16.87 Percentage of GDP 10
2010s 17.47 Percentage of GDP 16.28 Percentage of GDP 18.16 Percentage of GDP 10
2020s 17.64 Percentage of GDP 17.11 Percentage of GDP 18.1 Percentage of GDP 3

Countries ranked near Latin America and the Caribbean

  1. 1 Cabo Verde 22.11 Percentage of GDP compare
  2. 1 Gambia 36.93 Percentage of GDP compare
  3. 2 Maldives 34.82 Percentage of GDP compare
  4. 2 Moldova 20.16 Percentage of GDP compare
  5. 3 Djibouti 32.1 Percentage of GDP compare
  6. 4 Sao Tome and Principe 30.43 Percentage of GDP compare
  7. 4 Syrian Arab Republic 19.26 Percentage of GDP compare
  8. 5 Türkiye 18.76 Percentage of GDP compare
  9. 5 Saint Lucia 30.06 Percentage of GDP compare
  10. 6 Poland 17.59 Percentage of GDP compare
  11. 6 Croatia 17.76 Percentage of GDP compare
  12. 6 Montenegro 27.42 Percentage of GDP compare
  13. 7 Lithuania 17.31 Percentage of GDP compare
  14. 7 Fiji 17.06 Percentage of GDP compare
  15. 7 Guinea-Bissau 26.81 Percentage of GDP compare

See the full ranking of 244 places →

More economy & growth data for Latin America and the Caribbean

All data for Latin America and the Caribbean →

Frequently asked questions

What is africa's development dynamics (afdd) table 08 - sectoral breakdown of in Latin America and the Caribbean?
Africa's development dynamics (afdd) table 08 - sectoral breakdown of in Latin America and the Caribbean was 18.1 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
What is the highest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Latin America and the Caribbean?
The highest recorded value was 18.16 Percentage of GDP in 2016.
What is the lowest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Latin America and the Caribbean?
The lowest recorded value was 16.07 Percentage of GDP in 2006.
How does Latin America and the Caribbean rank for africa's development dynamics (afdd) table 08 - sectoral breakdown of?
Latin America and the Caribbean ranks 4th out of 28 groups with data for 2022.
Is africa's development dynamics (afdd) table 08 - sectoral breakdown of rising or falling in Latin America and the Caribbean?
Over the last ten years it is up 6.6%. The long-run trend across the full record is rising.
Where does this Latin America and the Caribbean data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Value added in wholesale, retail trade, restaurants and hotels. Statizoid updates them automatically from the source API.

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Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Latin America and the Caribbean. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 15 September 2026, from https://economy.statizoid.com/stat/africa-s-development-dynamics-afdd-table-08-sectoral-breakdown-of-the-economy-value-added-7/latin-america-and-the-caribbean/

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About this data

Indicator
Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Value added in wholesale, retail trade, restaurants and hotels
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
244 places, 5,594 data points, 2000–2022
Last refreshed

The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 8 shows the breakdown of national economies by sectors of activity, looking at share of employment, contributions to GDP, along with the impact of natural resource extraction on the economy.