Gross value added at basic prices (GVA) in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Gross value added at basic prices (GVA) was 5.39 trillion constant 2015 US$ in 2025. ▲ Rising
Gross value added at basic prices (GVA) in Latin America & the Caribbean (IDA & IBRD countries), 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Latin America & the Caribbean (IDA & IBRD countries) is 5.39 trillion constant 2015 US$, measured in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 2.3% on the previous year and up 16.1% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latin America & the Caribbean (IDA & IBRD countries) peaked at 5.39 trillion constant 2015 US$ in 2025 and was at its lowest, 1.05 trillion constant 2015 US$, in 1970.
Latin America & the Caribbean (IDA & IBRD countries) ranks 8th of 34 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross value added at basic prices (GVA) in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 1.05 trillion constant 2015 US$ | — |
| 1971 | 1.12 trillion constant 2015 US$ | +7.0% |
| 1972 | 1.21 trillion constant 2015 US$ | +7.7% |
| 1973 | 1.32 trillion constant 2015 US$ | +8.7% |
| 1974 | 1.41 trillion constant 2015 US$ | +7.0% |
| 1975 | 1.46 trillion constant 2015 US$ | +3.7% |
| 1976 | 1.55 trillion constant 2015 US$ | +5.9% |
| 1977 | 1.62 trillion constant 2015 US$ | +4.5% |
| 1978 | 1.69 trillion constant 2015 US$ | +4.7% |
| 1979 | 1.82 trillion constant 2015 US$ | +7.4% |
| 1980 | 1.95 trillion constant 2015 US$ | +7.3% |
| 1981 | 1.97 trillion constant 2015 US$ | +1.1% |
| 1982 | 1.97 trillion constant 2015 US$ | -0.1% |
| 1983 | 1.93 trillion constant 2015 US$ | -2.1% |
| 1984 | 2.00 trillion constant 2015 US$ | +3.8% |
| 1985 | 2.06 trillion constant 2015 US$ | +3.0% |
| 1986 | 2.14 trillion constant 2015 US$ | +3.9% |
| 1987 | 2.21 trillion constant 2015 US$ | +3.2% |
| 1988 | 2.23 trillion constant 2015 US$ | +0.7% |
| 1989 | 2.26 trillion constant 2015 US$ | +1.7% |
| 1990 | 2.27 trillion constant 2015 US$ | +0.4% |
| 1991 | 2.35 trillion constant 2015 US$ | +3.5% |
| 1992 | 2.42 trillion constant 2015 US$ | +2.8% |
| 1993 | 2.52 trillion constant 2015 US$ | +4.1% |
| 1994 | 2.62 trillion constant 2015 US$ | +4.2% |
| 1995 | 2.61 trillion constant 2015 US$ | -0.4% |
| 1996 | 2.70 trillion constant 2015 US$ | +3.6% |
| 1997 | 2.85 trillion constant 2015 US$ | +5.3% |
| 1998 | 2.94 trillion constant 2015 US$ | +3.2% |
| 1999 | 2.96 trillion constant 2015 US$ | +0.9% |
| 2000 | 3.07 trillion constant 2015 US$ | +3.6% |
| 2001 | 3.08 trillion constant 2015 US$ | +0.4% |
| 2002 | 3.10 trillion constant 2015 US$ | +0.7% |
| 2003 | 3.18 trillion constant 2015 US$ | +2.4% |
| 2004 | 3.34 trillion constant 2015 US$ | +5.2% |
| 2005 | 3.47 trillion constant 2015 US$ | +3.9% |
| 2006 | 3.65 trillion constant 2015 US$ | +5.1% |
| 2007 | 3.83 trillion constant 2015 US$ | +5.1% |
| 2008 | 3.97 trillion constant 2015 US$ | +3.5% |
| 2009 | 3.88 trillion constant 2015 US$ | -2.2% |
| 2010 | 4.13 trillion constant 2015 US$ | +6.4% |
| 2011 | 4.31 trillion constant 2015 US$ | +4.4% |
| 2012 | 4.42 trillion constant 2015 US$ | +2.5% |
| 2013 | 4.54 trillion constant 2015 US$ | +2.8% |
| 2014 | 4.61 trillion constant 2015 US$ | +1.5% |
| 2015 | 4.64 trillion constant 2015 US$ | +0.6% |
| 2016 | 4.63 trillion constant 2015 US$ | -0.1% |
| 2017 | 4.72 trillion constant 2015 US$ | +1.9% |
| 2018 | 4.80 trillion constant 2015 US$ | +1.7% |
| 2019 | 4.83 trillion constant 2015 US$ | +0.7% |
| 2020 | 4.52 trillion constant 2015 US$ | -6.5% |
| 2021 | 4.84 trillion constant 2015 US$ | +7.0% |
| 2022 | 5.03 trillion constant 2015 US$ | +4.0% |
| 2023 | 5.15 trillion constant 2015 US$ | +2.4% |
| 2024 | 5.26 trillion constant 2015 US$ | +2.2% |
| 2025 | 5.39 trillion constant 2015 US$ | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.42 trillion constant 2015 US$ | 1.05 trillion constant 2015 US$ | 1.82 trillion constant 2015 US$ | 10 |
| 1980s | 2.07 trillion constant 2015 US$ | 1.93 trillion constant 2015 US$ | 2.26 trillion constant 2015 US$ | 10 |
| 1990s | 2.62 trillion constant 2015 US$ | 2.27 trillion constant 2015 US$ | 2.96 trillion constant 2015 US$ | 10 |
| 2000s | 3.46 trillion constant 2015 US$ | 3.07 trillion constant 2015 US$ | 3.97 trillion constant 2015 US$ | 10 |
| 2010s | 4.56 trillion constant 2015 US$ | 4.13 trillion constant 2015 US$ | 4.83 trillion constant 2015 US$ | 10 |
| 2020s | 5.03 trillion constant 2015 US$ | 4.52 trillion constant 2015 US$ | 5.39 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 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
- 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
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Imports of goods and services 1.57 trillion constant 2015 US$ (2025)
- Imports of goods and services 6.0% (2025)
- Imports of goods and services 26.4% (2025)
- External balance on goods and services -0.2% (2025)
- Trade 48.6% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 8,268 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added 361.29 billion constant 2015 US$ (2025)
- Industry (including construction), value added 1.60 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 2.13 trillion current US$ (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is gross value added at basic prices (gva) in Latin America & the Caribbean (IDA & IBRD countries)?
- Gross value added at basic prices (gva) in Latin America & the Caribbean (IDA & IBRD countries) was 5.39 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 5.39 trillion constant 2015 US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 1.05 trillion constant 2015 US$ in 1970.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for gross value added at basic prices (gva)?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 8th out of 34 groups with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 16.1%. The long-run trend across the full record is rising.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.