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 6.51 trillion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Latin America & the Caribbean (IDA & IBRD countries), 1976–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross value added at basic prices (gva) in Latin America & the Caribbean (IDA & IBRD countries) stood at 6.51 trillion current US$. That is the highest value across all 50 years on record.
That represents a change of up 4.3% on the previous year and up 40.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Latin America & the Caribbean (IDA & IBRD countries) peaked at 6.51 trillion current US$ in 2025 and was at its lowest, 481.60 billion current US$, in 1977.
That places Latin America & the Caribbean (IDA & IBRD countries) 10th out of 36 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 515.21 billion current US$ | — |
| 1977 | 481.60 billion current US$ | -6.5% |
| 1978 | 490.49 billion current US$ | +1.8% |
| 1979 | 582.29 billion current US$ | +18.7% |
| 1980 | 699.53 billion current US$ | +20.1% |
| 1981 | 811.87 billion current US$ | +16.1% |
| 1982 | 753.58 billion current US$ | -7.2% |
| 1983 | 665.08 billion current US$ | -11.7% |
| 1984 | 692.58 billion current US$ | +4.1% |
| 1985 | 674.01 billion current US$ | -2.7% |
| 1986 | 672.43 billion current US$ | -0.2% |
| 1987 | 703.27 billion current US$ | +4.6% |
| 1988 | 812.27 billion current US$ | +15.5% |
| 1989 | 903.65 billion current US$ | +11.2% |
| 1990 | 947.59 billion current US$ | +4.9% |
| 1991 | 1.04 trillion current US$ | +9.5% |
| 1992 | 1.14 trillion current US$ | +9.9% |
| 1993 | 1.38 trillion current US$ | +20.7% |
| 1994 | 1.61 trillion current US$ | +16.7% |
| 1995 | 1.69 trillion current US$ | +5.5% |
| 1996 | 1.86 trillion current US$ | +9.9% |
| 1997 | 2.04 trillion current US$ | +9.5% |
| 1998 | 2.05 trillion current US$ | +0.8% |
| 1999 | 1.83 trillion current US$ | -10.9% |
| 2000 | 2.02 trillion current US$ | +10.2% |
| 2001 | 1.96 trillion current US$ | -2.7% |
| 2002 | 1.77 trillion current US$ | -10.0% |
| 2003 | 1.81 trillion current US$ | +2.2% |
| 2004 | 2.05 trillion current US$ | +13.6% |
| 2005 | 2.48 trillion current US$ | +20.7% |
| 2006 | 2.90 trillion current US$ | +17.0% |
| 2007 | 3.40 trillion current US$ | +17.4% |
| 2008 | 3.91 trillion current US$ | +15.0% |
| 2009 | 3.62 trillion current US$ | -7.5% |
| 2010 | 4.51 trillion current US$ | +24.6% |
| 2011 | 5.26 trillion current US$ | +16.7% |
| 2012 | 5.28 trillion current US$ | +0.2% |
| 2013 | 5.43 trillion current US$ | +2.9% |
| 2014 | 5.44 trillion current US$ | +0.1% |
| 2015 | 4.64 trillion current US$ | -14.7% |
| 2016 | 4.52 trillion current US$ | -2.6% |
| 2017 | 5.04 trillion current US$ | +11.5% |
| 2018 | 4.94 trillion current US$ | -2.0% |
| 2019 | 4.86 trillion current US$ | -1.6% |
| 2020 | 4.11 trillion current US$ | -15.4% |
| 2021 | 4.76 trillion current US$ | +15.9% |
| 2022 | 5.46 trillion current US$ | +14.6% |
| 2023 | 6.15 trillion current US$ | +12.6% |
| 2024 | 6.24 trillion current US$ | +1.6% |
| 2025 | 6.51 trillion current US$ | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 517.40 billion current US$ | 481.60 billion current US$ | 582.29 billion current US$ | 4 |
| 1980s | 738.82 billion current US$ | 665.08 billion current US$ | 903.65 billion current US$ | 10 |
| 1990s | 1.56 trillion current US$ | 947.59 billion current US$ | 2.05 trillion current US$ | 10 |
| 2000s | 2.59 trillion current US$ | 1.77 trillion current US$ | 3.91 trillion current US$ | 10 |
| 2010s | 4.99 trillion current US$ | 4.51 trillion current US$ | 5.44 trillion current US$ | 10 |
| 2020s | 5.54 trillion current US$ | 4.11 trillion current US$ | 6.51 trillion current US$ | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 7 Russian Federation 2.35 trillion current US$ compare
- 8 Italy 2.28 trillion current US$ compare
- 9 Canada 2.18 trillion current US$ compare
- 10 Brazil 1.96 trillion current US$ compare
- 11 Republic of Korea 1.74 trillion current US$ compare
- 12 Spain 1.73 trillion current US$ compare
- 13 Mexico 1.71 trillion current US$ compare
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Industry (including construction), value added 1.2% (2025)
- Agriculture, forestry, and fishing, value added 361.29 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Manufacturing, value added 1.19 trillion current US$ (2025)
- Trade in services 8.7% (2025)
- Manufacturing, value added 16.9% (2025)
- Industry (including construction), value added 2.13 trillion current US$ (2025)
- Industry (including construction), value added 1.60 trillion constant 2015 US$ (2025)
- Inflation, GDP deflator 4.3% (2025)
- Services, value added 68.3% (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 6.51 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- 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 6.51 trillion current 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 481.60 billion current US$ in 1977.
- 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 10th out of 36 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 40.3%. The long-run trend across the full record is volatile.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.