Primary income payments in Latin America & Caribbean
Latin America & Caribbean: Primary income payments was 353.73 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
353.73 billion BoP, current US$
Change on year
up 7.9%
Rank
20th
of 47 groups
All-time high
353.73 billion BoP, current US$
in 2024
All-time low
11.24 billion BoP, current US$
in 1978
Years of data
47
1978–2024
Primary income payments in Latin America & Caribbean, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, primary income payments in Latin America & Caribbean stood at 353.73 billion BoP, current US$. That is the highest value across all 47 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 74.5% over ten years.
Over the whole period, primary income payments in Latin America & Caribbean peaked at 353.73 billion BoP, current US$ in 2024 and was at its lowest, 11.24 billion BoP, current US$, in 1978.
Latin America & Caribbean ranks 20th of 47 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | 11.24 billion BoP, current US$ | — |
| 1979 | 20.85 billion BoP, current US$ | +85.4% |
| 1980 | 32.31 billion BoP, current US$ | +55.0% |
| 1981 | 45.33 billion BoP, current US$ | +40.3% |
| 1982 | 53.58 billion BoP, current US$ | +18.2% |
| 1983 | 45.19 billion BoP, current US$ | -15.7% |
| 1984 | 49.51 billion BoP, current US$ | +9.6% |
| 1985 | 46.80 billion BoP, current US$ | -5.5% |
| 1986 | 42.24 billion BoP, current US$ | -9.8% |
| 1987 | 39.81 billion BoP, current US$ | -5.7% |
| 1988 | 43.34 billion BoP, current US$ | +8.8% |
| 1989 | 49.13 billion BoP, current US$ | +13.4% |
| 1990 | 47.67 billion BoP, current US$ | -3.0% |
| 1991 | 44.40 billion BoP, current US$ | -6.9% |
| 1992 | 42.35 billion BoP, current US$ | -4.6% |
| 1993 | 47.09 billion BoP, current US$ | +11.2% |
| 1994 | 51.89 billion BoP, current US$ | +10.2% |
| 1995 | 61.61 billion BoP, current US$ | +18.7% |
| 1996 | 64.97 billion BoP, current US$ | +5.5% |
| 1997 | 71.75 billion BoP, current US$ | +10.4% |
| 1998 | 76.67 billion BoP, current US$ | +6.9% |
| 1999 | 75.74 billion BoP, current US$ | -1.2% |
| 2000 | 82.81 billion BoP, current US$ | +9.3% |
| 2001 | 80.03 billion BoP, current US$ | -3.4% |
| 2002 | 70.71 billion BoP, current US$ | -11.6% |
| 2003 | 75.57 billion BoP, current US$ | +6.9% |
| 2004 | 88.16 billion BoP, current US$ | +16.7% |
| 2005 | 107.52 billion BoP, current US$ | +22.0% |
| 2006 | 134.50 billion BoP, current US$ | +25.1% |
| 2007 | 154.60 billion BoP, current US$ | +14.9% |
| 2008 | 165.20 billion BoP, current US$ | +6.9% |
| 2009 | 139.68 billion BoP, current US$ | -15.5% |
| 2010 | 201.19 billion BoP, current US$ | +44.0% |
| 2011 | 233.95 billion BoP, current US$ | +16.3% |
| 2012 | 222.36 billion BoP, current US$ | -5.0% |
| 2013 | 208.47 billion BoP, current US$ | -6.2% |
| 2014 | 202.76 billion BoP, current US$ | -2.7% |
| 2015 | 161.04 billion BoP, current US$ | -20.6% |
| 2016 | 183.72 billion BoP, current US$ | +14.1% |
| 2017 | 211.37 billion BoP, current US$ | +15.0% |
| 2018 | 239.98 billion BoP, current US$ | +13.5% |
| 2019 | 251.77 billion BoP, current US$ | +4.9% |
| 2020 | 192.98 billion BoP, current US$ | -23.3% |
| 2021 | 252.00 billion BoP, current US$ | +30.6% |
| 2022 | 290.81 billion BoP, current US$ | +15.4% |
| 2023 | 327.87 billion BoP, current US$ | +12.7% |
| 2024 | 353.73 billion BoP, current US$ | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.05 billion BoP, current US$ | 11.24 billion BoP, current US$ | 20.85 billion BoP, current US$ | 2 |
| 1980s | 44.72 billion BoP, current US$ | 32.31 billion BoP, current US$ | 53.58 billion BoP, current US$ | 10 |
| 1990s | 58.41 billion BoP, current US$ | 42.35 billion BoP, current US$ | 76.67 billion BoP, current US$ | 10 |
| 2000s | 109.88 billion BoP, current US$ | 70.71 billion BoP, current US$ | 165.20 billion BoP, current US$ | 10 |
| 2010s | 211.66 billion BoP, current US$ | 161.04 billion BoP, current US$ | 251.77 billion BoP, current US$ | 10 |
| 2020s | 283.48 billion BoP, current US$ | 192.98 billion BoP, current US$ | 353.73 billion BoP, current US$ | 5 |
Countries ranked near Latin America & Caribbean
- 17 Brazil 115.06 billion BoP, current US$ compare
- 18 Belgium 111.00 billion BoP, current US$ compare
- 19 India 103.19 billion BoP, current US$ compare
- 20 Mexico 80.37 billion BoP, current US$ compare
- 21 Sweden 71.00 billion BoP, current US$ compare
- 22 Poland 63.45 billion BoP, current US$ compare
- 23 Norway 56.36 billion BoP, current US$ compare
More economy & growth data for Latin America & Caribbean
- Manufacturing, value added 957.00 billion constant 2015 US$ (2025)
- Imports of goods and services 26.4% (2025)
- External balance on goods and services -0.3% (2025)
- Trade 49.1% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7605 constant 2015 US$ per US$ of GDP (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$), per 8,438 constant 2015 US$ per person (2025)
- GDP (current US$), annual growth rate 4.33 % change on previous year (2025)
- Industry (including construction), value added 30.3% (2025)
Frequently asked questions
- What is primary income payments in Latin America & Caribbean?
- Primary income payments in Latin America & Caribbean was 353.73 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Latin America & Caribbean?
- The highest recorded value was 353.73 billion BoP, current US$ in 2024.
- What is the lowest primary income payments recorded in Latin America & Caribbean?
- The lowest recorded value was 11.24 billion BoP, current US$ in 1978.
- How does Latin America & Caribbean rank for primary income payments?
- Latin America & Caribbean ranks 20th out of 47 groups with data for 2024.
- Is primary income payments rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 74.5%. 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 Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.