ICT service exports in Latin America & Caribbean
Latin America & Caribbean: ICT service exports was 20.70 billion BoP, current US$ in 2024. ◆ Volatile
ICT service exports in Latin America & Caribbean, 1995–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, ict service exports in Latin America & Caribbean stood at 20.70 billion BoP, current US$. That is the highest value across all 30 years on record.
The figure is up 9.7% on the previous year and up 144.5% over ten years.
Over the whole period, ict service exports in Latin America & Caribbean peaked at 20.70 billion BoP, current US$ in 2024 and was at its lowest, 2.86 billion BoP, current US$, in 2002.
That places Latin America & Caribbean 27th out of 47 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
ICT service exports in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1995 | 3.03 billion BoP, current US$ | — |
| 1996 | 3.27 billion BoP, current US$ | +8.0% |
| 1997 | 3.57 billion BoP, current US$ | +9.1% |
| 1998 | 3.28 billion BoP, current US$ | -8.2% |
| 1999 | 3.38 billion BoP, current US$ | +3.0% |
| 2000 | 3.32 billion BoP, current US$ | -1.8% |
| 2001 | 3.02 billion BoP, current US$ | -9.2% |
| 2002 | 2.86 billion BoP, current US$ | -5.2% |
| 2003 | 3.24 billion BoP, current US$ | +13.3% |
| 2004 | 3.41 billion BoP, current US$ | +5.1% |
| 2005 | 3.58 billion BoP, current US$ | +5.2% |
| 2006 | 3.99 billion BoP, current US$ | +11.3% |
| 2007 | 4.92 billion BoP, current US$ | +23.3% |
| 2008 | 5.93 billion BoP, current US$ | +20.6% |
| 2009 | 5.79 billion BoP, current US$ | -2.5% |
| 2010 | 6.41 billion BoP, current US$ | +10.8% |
| 2011 | 7.20 billion BoP, current US$ | +12.3% |
| 2012 | 7.66 billion BoP, current US$ | +6.4% |
| 2013 | 7.68 billion BoP, current US$ | +0.3% |
| 2014 | 8.47 billion BoP, current US$ | +10.3% |
| 2015 | 8.71 billion BoP, current US$ | +2.8% |
| 2016 | 9.12 billion BoP, current US$ | +4.7% |
| 2017 | 10.58 billion BoP, current US$ | +16.1% |
| 2018 | 11.45 billion BoP, current US$ | +8.2% |
| 2019 | 11.68 billion BoP, current US$ | +2.1% |
| 2020 | 11.44 billion BoP, current US$ | -2.1% |
| 2021 | 13.40 billion BoP, current US$ | +17.1% |
| 2022 | 17.02 billion BoP, current US$ | +27.0% |
| 2023 | 18.88 billion BoP, current US$ | +10.9% |
| 2024 | 20.70 billion BoP, current US$ | +9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.31 billion BoP, current US$ | 3.03 billion BoP, current US$ | 3.57 billion BoP, current US$ | 5 |
| 2000s | 4.00 billion BoP, current US$ | 2.86 billion BoP, current US$ | 5.93 billion BoP, current US$ | 10 |
| 2010s | 8.89 billion BoP, current US$ | 6.41 billion BoP, current US$ | 11.68 billion BoP, current US$ | 10 |
| 2020s | 16.29 billion BoP, current US$ | 11.44 billion BoP, current US$ | 20.70 billion BoP, current US$ | 5 |
Countries ranked near Latin America & Caribbean
- 24 Denmark 9.61 billion BoP, current US$ compare
- 25 Philippines 8.83 billion BoP, current US$ compare
- 26 Czechia 8.64 billion BoP, current US$ compare
- 27 Brazil 7.44 billion BoP, current US$ compare
- 28 Ukraine 6.61 billion BoP, current US$ compare
- 29 Kuwait 6.25 billion BoP, current US$ compare
- 30 Luxembourg 5.71 billion BoP, current US$ compare
More economy & growth data for Latin America & Caribbean
- Gross value added at basic prices (GVA) (constant 2015 US$), per 8,438 constant 2015 US$ per person (2025)
- External balance on goods and services -0.3% (2025)
- Trade 49.1% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.31 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added 363.36 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7605 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added 957.00 billion constant 2015 US$ (2025)
- GDP (current US$), annual growth rate 4.33 % change on previous year (2025)
- Industry (including construction), value added 30.3% (2025)
Frequently asked questions
- What is ict service exports in Latin America & Caribbean?
- Ict service exports in Latin America & Caribbean was 20.70 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Latin America & Caribbean?
- The highest recorded value was 20.70 billion BoP, current US$ in 2024.
- What is the lowest ict service exports recorded in Latin America & Caribbean?
- The lowest recorded value was 2.86 billion BoP, current US$ in 2002.
- How does Latin America & Caribbean rank for ict service exports?
- Latin America & Caribbean ranks 27th out of 47 groups with data for 2024.
- Is ict service exports rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 144.5%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions). Data are in current U.S. dollars.