Industry (including construction), value added per worker in Latin America & Caribbean
Latin America & Caribbean: Industry (including construction), value added per worker was 22,007 constant 2015 US$ in 2025. ▲ Rising
Industry (including construction), value added per worker in Latin America & Caribbean, 1991–2025
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
Latin America & Caribbean recorded 22,007 constant 2015 US$ for industry (including construction), value added per worker in 2025.
That represents a change of up 1.5% on the previous year and down 5.4% over ten years.
Over the whole period, industry (including construction), value added per worker in Latin America & Caribbean peaked at 23,251 constant 2015 US$ in 2015 and was at its lowest, 19,246 constant 2015 US$, in 1992.
Latin America & Caribbean ranks 18th of 44 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Industry (including construction), value added per worker in Latin America & Caribbean, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 19,336 constant 2015 US$ | — |
| 1992 | 19,246 constant 2015 US$ | -0.5% |
| 1993 | 19,543 constant 2015 US$ | +1.5% |
| 1994 | 20,261 constant 2015 US$ | +3.7% |
| 1995 | 20,007 constant 2015 US$ | -1.3% |
| 1996 | 20,756 constant 2015 US$ | +3.7% |
| 1997 | 21,436 constant 2015 US$ | +3.3% |
| 1998 | 21,307 constant 2015 US$ | -0.6% |
| 1999 | 21,226 constant 2015 US$ | -0.4% |
| 2000 | 21,446 constant 2015 US$ | +1.0% |
| 2001 | 21,067 constant 2015 US$ | -1.8% |
| 2002 | 20,576 constant 2015 US$ | -2.3% |
| 2003 | 20,774 constant 2015 US$ | +1.0% |
| 2004 | 21,264 constant 2015 US$ | +2.4% |
| 2005 | 21,266 constant 2015 US$ | +0.0% |
| 2006 | 21,669 constant 2015 US$ | +1.9% |
| 2007 | 21,811 constant 2015 US$ | +0.7% |
| 2008 | 21,667 constant 2015 US$ | -0.7% |
| 2009 | 20,983 constant 2015 US$ | -3.2% |
| 2010 | 21,976 constant 2015 US$ | +4.7% |
| 2011 | 22,622 constant 2015 US$ | +2.9% |
| 2012 | 22,521 constant 2015 US$ | -0.4% |
| 2013 | 22,781 constant 2015 US$ | +1.2% |
| 2014 | 22,410 constant 2015 US$ | -1.6% |
| 2015 | 23,251 constant 2015 US$ | +3.8% |
| 2016 | 22,667 constant 2015 US$ | -2.5% |
| 2017 | 22,710 constant 2015 US$ | +0.2% |
| 2018 | 22,545 constant 2015 US$ | -0.7% |
| 2019 | 22,023 constant 2015 US$ | -2.3% |
| 2020 | 22,134 constant 2015 US$ | +0.5% |
| 2021 | 21,957 constant 2015 US$ | -0.8% |
| 2022 | 21,616 constant 2015 US$ | -1.6% |
| 2023 | 21,787 constant 2015 US$ | +0.8% |
| 2024 | 21,678 constant 2015 US$ | -0.5% |
| 2025 | 22,007 constant 2015 US$ | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20,347 constant 2015 US$ | 19,246 constant 2015 US$ | 21,436 constant 2015 US$ | 9 |
| 2000s | 21,252 constant 2015 US$ | 20,576 constant 2015 US$ | 21,811 constant 2015 US$ | 10 |
| 2010s | 22,550 constant 2015 US$ | 21,976 constant 2015 US$ | 23,251 constant 2015 US$ | 10 |
| 2020s | 21,863 constant 2015 US$ | 21,616 constant 2015 US$ | 22,134 constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean
- 15 Iceland 102,710 constant 2015 US$ compare
- 16 United Kingdom 101,730 constant 2015 US$ compare
- 17 Finland 100,919 constant 2015 US$ compare
- 18 South Korea 97,124 constant 2015 US$ compare
- 19 Belgium 96,482 constant 2015 US$ compare
- 20 Austria 93,010 constant 2015 US$ compare
- 21 Kuwait 88,515 constant 2015 US$ compare
More economy & growth data for Latin America & Caribbean
- Industry (including construction), value added 1.67 trillion constant 2015 US$ (2025)
- Trade 49.1% (2025)
- Agriculture, forestry, and fishing, value added 363.36 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Manufacturing, value added 1.26 trillion current US$ (2025)
- Trade in services 8.7% (2025)
- Manufacturing, value added 17.1% (2025)
- Industry (including construction), value added 2.24 trillion current US$ (2025)
- Services, value added 68.2% (2025)
- Services, value added 2.4% (2025)
Frequently asked questions
- What is industry (including construction), value added per worker in Latin America & Caribbean?
- Industry (including construction), value added per worker in Latin America & Caribbean was 22,007 constant 2015 US$ in 2025, according to World Development Indicators database, World Bank (WB).
- What is the highest industry (including construction), value added per worker recorded in Latin America & Caribbean?
- The highest recorded value was 23,251 constant 2015 US$ in 2015.
- What is the lowest industry (including construction), value added per worker recorded in Latin America & Caribbean?
- The lowest recorded value was 19,246 constant 2015 US$ in 1992.
- How does Latin America & Caribbean rank for industry (including construction), value added per worker?
- Latin America & Caribbean ranks 18th out of 44 groups with data for 2025.
- Is industry (including construction), value added per worker rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 5.4%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Industry (including construction), value added per worker (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. The core indicator has been divided by the number of workers in this sector to derive a measure of labor productivity. 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.