Gross value added at basic prices (GVA) in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Gross value added at basic prices (GVA) was 4.92 trillion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Latin America & Caribbean (excluding high income), 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Latin America & Caribbean (excluding high income) is 4.92 trillion constant 2015 US$, measured in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 2.1% on the previous year and up 14.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latin America & Caribbean (excluding high income) peaked at 4.92 trillion constant 2015 US$ in 2025 and was at its lowest, 996.37 billion constant 2015 US$, in 1970.
Latin America & Caribbean (excluding high income) ranks 9th of 34 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross value added at basic prices (GVA) in Latin America & Caribbean (excluding high income), year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 996.37 billion constant 2015 US$ | — |
| 1971 | 1.07 trillion constant 2015 US$ | +6.9% |
| 1972 | 1.15 trillion constant 2015 US$ | +8.1% |
| 1973 | 1.26 trillion constant 2015 US$ | +9.2% |
| 1974 | 1.35 trillion constant 2015 US$ | +7.1% |
| 1975 | 1.41 trillion constant 2015 US$ | +4.4% |
| 1976 | 1.49 trillion constant 2015 US$ | +6.0% |
| 1977 | 1.56 trillion constant 2015 US$ | +4.5% |
| 1978 | 1.63 trillion constant 2015 US$ | +4.6% |
| 1979 | 1.75 trillion constant 2015 US$ | +7.3% |
| 1980 | 1.87 trillion constant 2015 US$ | +7.1% |
| 1981 | 1.90 trillion constant 2015 US$ | +1.3% |
| 1982 | 1.91 trillion constant 2015 US$ | +0.5% |
| 1983 | 1.87 trillion constant 2015 US$ | -1.9% |
| 1984 | 1.94 trillion constant 2015 US$ | +4.0% |
| 1985 | 2.00 trillion constant 2015 US$ | +3.0% |
| 1986 | 2.08 trillion constant 2015 US$ | +3.7% |
| 1987 | 2.14 trillion constant 2015 US$ | +3.0% |
| 1988 | 2.15 trillion constant 2015 US$ | +0.7% |
| 1989 | 2.19 trillion constant 2015 US$ | +1.5% |
| 1990 | 2.19 trillion constant 2015 US$ | +0.2% |
| 1991 | 2.25 trillion constant 2015 US$ | +2.9% |
| 1992 | 2.30 trillion constant 2015 US$ | +2.0% |
| 1993 | 2.38 trillion constant 2015 US$ | +3.7% |
| 1994 | 2.48 trillion constant 2015 US$ | +4.0% |
| 1995 | 2.46 trillion constant 2015 US$ | -0.8% |
| 1996 | 2.56 trillion constant 2015 US$ | +3.9% |
| 1997 | 2.69 trillion constant 2015 US$ | +5.1% |
| 1998 | 2.77 trillion constant 2015 US$ | +3.0% |
| 1999 | 2.79 trillion constant 2015 US$ | +0.9% |
| 2000 | 2.89 trillion constant 2015 US$ | +3.6% |
| 2001 | 2.90 trillion constant 2015 US$ | +0.3% |
| 2002 | 2.92 trillion constant 2015 US$ | +0.6% |
| 2003 | 2.99 trillion constant 2015 US$ | +2.3% |
| 2004 | 3.14 trillion constant 2015 US$ | +5.1% |
| 2005 | 3.26 trillion constant 2015 US$ | +3.9% |
| 2006 | 3.42 trillion constant 2015 US$ | +5.0% |
| 2007 | 3.59 trillion constant 2015 US$ | +5.0% |
| 2008 | 3.72 trillion constant 2015 US$ | +3.4% |
| 2009 | 3.63 trillion constant 2015 US$ | -2.3% |
| 2010 | 3.86 trillion constant 2015 US$ | +6.4% |
| 2011 | 4.03 trillion constant 2015 US$ | +4.3% |
| 2012 | 4.12 trillion constant 2015 US$ | +2.2% |
| 2013 | 4.23 trillion constant 2015 US$ | +2.7% |
| 2014 | 4.29 trillion constant 2015 US$ | +1.4% |
| 2015 | 4.31 trillion constant 2015 US$ | +0.5% |
| 2016 | 4.30 trillion constant 2015 US$ | -0.3% |
| 2017 | 4.38 trillion constant 2015 US$ | +1.9% |
| 2018 | 4.45 trillion constant 2015 US$ | +1.5% |
| 2019 | 4.47 trillion constant 2015 US$ | +0.5% |
| 2020 | 4.19 trillion constant 2015 US$ | -6.5% |
| 2021 | 4.46 trillion constant 2015 US$ | +6.6% |
| 2022 | 4.63 trillion constant 2015 US$ | +3.8% |
| 2023 | 4.73 trillion constant 2015 US$ | +2.2% |
| 2024 | 4.82 trillion constant 2015 US$ | +1.8% |
| 2025 | 4.92 trillion constant 2015 US$ | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.36 trillion constant 2015 US$ | 996.37 billion constant 2015 US$ | 1.75 trillion constant 2015 US$ | 10 |
| 1980s | 2.01 trillion constant 2015 US$ | 1.87 trillion constant 2015 US$ | 2.19 trillion constant 2015 US$ | 10 |
| 1990s | 2.49 trillion constant 2015 US$ | 2.19 trillion constant 2015 US$ | 2.79 trillion constant 2015 US$ | 10 |
| 2000s | 3.25 trillion constant 2015 US$ | 2.89 trillion constant 2015 US$ | 3.72 trillion constant 2015 US$ | 10 |
| 2010s | 4.25 trillion constant 2015 US$ | 3.86 trillion constant 2015 US$ | 4.47 trillion constant 2015 US$ | 10 |
| 2020s | 4.63 trillion constant 2015 US$ | 4.19 trillion constant 2015 US$ | 4.92 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 6 Italy 1.84 trillion constant 2015 US$ compare
- 7 Republic of Korea 1.81 trillion constant 2015 US$ compare
- 8 Brazil 1.78 trillion constant 2015 US$ compare
- 9 Canada 1.77 trillion constant 2015 US$ compare
- 10 Australia 1.59 trillion constant 2015 US$ compare
- 11 Russian Federation 1.51 trillion constant 2015 US$ compare
- 12 Spain 1.35 trillion constant 2015 US$ compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.14 % change on previous year (2025)
- Imports of goods and services 5.7% (2025)
- Imports of goods and services 25.3% (2025)
- External balance on goods and services -0.7% (2025)
- Trade 47.5% (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,623 current US$ per person (2025)
- Agriculture, forestry, and fishing, value added 339.15 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.3% (2025)
- Industry (including construction), value added 30.2% (2025)
- Industry (including construction), value added 0.7% (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is gross value added at basic prices (gva) in Latin America & Caribbean (excluding high income)?
- Gross value added at basic prices (gva) in Latin America & Caribbean (excluding high income) was 4.92 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 4.92 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 996.37 billion constant 2015 US$ in 1970.
- How does Latin America & Caribbean (excluding high income) rank for gross value added at basic prices (gva)?
- Latin America & Caribbean (excluding high income) ranks 9th out of 34 groups with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 14.2%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.