Gross value added at basic prices (GVA) in Latin America & Caribbean
Latin America & Caribbean: Gross value added at basic prices (GVA) was 5.62 trillion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Latin America & Caribbean, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross value added at basic prices (gva) in Latin America & Caribbean stood at 5.62 trillion constant 2015 US$. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 2.3% on the previous year and up 15.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latin America & Caribbean peaked at 5.62 trillion constant 2015 US$ in 2025 and was at its lowest, 1.11 trillion constant 2015 US$, in 1970.
Latin America & Caribbean ranks 5th of 32 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross value added at basic prices (GVA) in Latin America & Caribbean, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 1.11 trillion constant 2015 US$ | — |
| 1971 | 1.18 trillion constant 2015 US$ | +7.0% |
| 1972 | 1.27 trillion constant 2015 US$ | +7.6% |
| 1973 | 1.38 trillion constant 2015 US$ | +8.6% |
| 1974 | 1.48 trillion constant 2015 US$ | +6.9% |
| 1975 | 1.54 trillion constant 2015 US$ | +3.8% |
| 1976 | 1.63 trillion constant 2015 US$ | +5.9% |
| 1977 | 1.70 trillion constant 2015 US$ | +4.6% |
| 1978 | 1.78 trillion constant 2015 US$ | +4.7% |
| 1979 | 1.91 trillion constant 2015 US$ | +7.3% |
| 1980 | 2.05 trillion constant 2015 US$ | +7.1% |
| 1981 | 2.08 trillion constant 2015 US$ | +1.4% |
| 1982 | 2.08 trillion constant 2015 US$ | +0.1% |
| 1983 | 2.04 trillion constant 2015 US$ | -1.9% |
| 1984 | 2.12 trillion constant 2015 US$ | +3.9% |
| 1985 | 2.18 trillion constant 2015 US$ | +2.9% |
| 1986 | 2.26 trillion constant 2015 US$ | +3.8% |
| 1987 | 2.33 trillion constant 2015 US$ | +3.1% |
| 1988 | 2.35 trillion constant 2015 US$ | +0.8% |
| 1989 | 2.39 trillion constant 2015 US$ | +1.7% |
| 1990 | 2.40 trillion constant 2015 US$ | +0.3% |
| 1991 | 2.47 trillion constant 2015 US$ | +3.1% |
| 1992 | 2.53 trillion constant 2015 US$ | +2.5% |
| 1993 | 2.63 trillion constant 2015 US$ | +3.8% |
| 1994 | 2.73 trillion constant 2015 US$ | +4.1% |
| 1995 | 2.72 trillion constant 2015 US$ | -0.4% |
| 1996 | 2.82 trillion constant 2015 US$ | +3.6% |
| 1997 | 2.97 trillion constant 2015 US$ | +5.2% |
| 1998 | 3.06 trillion constant 2015 US$ | +3.1% |
| 1999 | 3.09 trillion constant 2015 US$ | +1.0% |
| 2000 | 3.20 trillion constant 2015 US$ | +3.6% |
| 2001 | 3.22 trillion constant 2015 US$ | +0.5% |
| 2002 | 3.24 trillion constant 2015 US$ | +0.7% |
| 2003 | 3.32 trillion constant 2015 US$ | +2.4% |
| 2004 | 3.49 trillion constant 2015 US$ | +5.2% |
| 2005 | 3.63 trillion constant 2015 US$ | +4.0% |
| 2006 | 3.82 trillion constant 2015 US$ | +5.2% |
| 2007 | 4.01 trillion constant 2015 US$ | +5.1% |
| 2008 | 4.15 trillion constant 2015 US$ | +3.5% |
| 2009 | 4.07 trillion constant 2015 US$ | -2.1% |
| 2010 | 4.32 trillion constant 2015 US$ | +6.3% |
| 2011 | 4.51 trillion constant 2015 US$ | +4.4% |
| 2012 | 4.63 trillion constant 2015 US$ | +2.5% |
| 2013 | 4.76 trillion constant 2015 US$ | +2.8% |
| 2014 | 4.83 trillion constant 2015 US$ | +1.5% |
| 2015 | 4.86 trillion constant 2015 US$ | +0.7% |
| 2016 | 4.86 trillion constant 2015 US$ | -0.1% |
| 2017 | 4.95 trillion constant 2015 US$ | +1.9% |
| 2018 | 5.03 trillion constant 2015 US$ | +1.7% |
| 2019 | 5.07 trillion constant 2015 US$ | +0.6% |
| 2020 | 4.73 trillion constant 2015 US$ | -6.6% |
| 2021 | 5.06 trillion constant 2015 US$ | +6.9% |
| 2022 | 5.26 trillion constant 2015 US$ | +3.9% |
| 2023 | 5.38 trillion constant 2015 US$ | +2.4% |
| 2024 | 5.50 trillion constant 2015 US$ | +2.1% |
| 2025 | 5.62 trillion constant 2015 US$ | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.50 trillion constant 2015 US$ | 1.11 trillion constant 2015 US$ | 1.91 trillion constant 2015 US$ | 10 |
| 1980s | 2.19 trillion constant 2015 US$ | 2.04 trillion constant 2015 US$ | 2.39 trillion constant 2015 US$ | 10 |
| 1990s | 2.74 trillion constant 2015 US$ | 2.40 trillion constant 2015 US$ | 3.09 trillion constant 2015 US$ | 10 |
| 2000s | 3.62 trillion constant 2015 US$ | 3.20 trillion constant 2015 US$ | 4.15 trillion constant 2015 US$ | 10 |
| 2010s | 4.78 trillion constant 2015 US$ | 4.32 trillion constant 2015 US$ | 5.07 trillion constant 2015 US$ | 10 |
| 2020s | 5.26 trillion constant 2015 US$ | 4.73 trillion constant 2015 US$ | 5.62 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean
- 2 India 3.37 trillion constant 2015 US$ compare
- 3 Germany 3.30 trillion constant 2015 US$ compare
- 4 United Kingdom of Great Britain and Northern Ireland 3.02 trillion constant 2015 US$ compare
- 5 France 2.46 trillion constant 2015 US$ compare
- 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
More economy & growth data for Latin America & Caribbean
- External balance on goods and services -0.3% (2025)
- Gross capital formation 3.1% (2025)
- Gross capital formation 19.0% (2025)
- Imports of goods and services 1.95 trillion current US$ (2025)
- Imports of goods and services 1.66 trillion constant 2015 US$ (2025)
- Trade in services 8.7% (2025)
- Imports of goods and services 26.4% (2025)
- Manufacturing, value added 957.00 billion constant 2015 US$ (2025)
- Manufacturing, value added 1.26 trillion current US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Latin America & Caribbean?
- Gross value added at basic prices (gva) in Latin America & Caribbean was 5.62 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?
- The highest recorded value was 5.62 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latin America & Caribbean?
- The lowest recorded value was 1.11 trillion constant 2015 US$ in 1970.
- How does Latin America & Caribbean rank for gross value added at basic prices (gva)?
- Latin America & Caribbean ranks 5th out of 32 groups with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 15.7%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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.