Primary income receipts in Latin America & Caribbean
Latin America & Caribbean: Primary income receipts was 118.89 billion BoP, current US$ in 2024. ◆ Volatile
Primary income receipts in Latin America & Caribbean, 1979–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latin America & Caribbean recorded 118.89 billion BoP, current US$ for primary income receipts in 2024. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 10.4% on the previous year and up 188.8% over ten years.
Over the whole period, primary income receipts in Latin America & Caribbean peaked at 118.89 billion BoP, current US$ in 2024 and was at its lowest, 7.02 billion BoP, current US$, in 1979.
That places Latin America & Caribbean 21st out of 47 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income receipts in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1979 | 7.02 billion BoP, current US$ | — |
| 1980 | 12.72 billion BoP, current US$ | +81.3% |
| 1981 | 15.69 billion BoP, current US$ | +23.3% |
| 1982 | 14.40 billion BoP, current US$ | -8.2% |
| 1983 | 10.15 billion BoP, current US$ | -29.5% |
| 1984 | 11.15 billion BoP, current US$ | +9.8% |
| 1985 | 10.39 billion BoP, current US$ | -6.8% |
| 1986 | 8.80 billion BoP, current US$ | -15.3% |
| 1987 | 7.94 billion BoP, current US$ | -9.8% |
| 1988 | 7.79 billion BoP, current US$ | -2.0% |
| 1989 | 9.15 billion BoP, current US$ | +17.5% |
| 1990 | 12.30 billion BoP, current US$ | +34.5% |
| 1991 | 11.76 billion BoP, current US$ | -4.4% |
| 1992 | 11.31 billion BoP, current US$ | -3.8% |
| 1993 | 11.64 billion BoP, current US$ | +2.9% |
| 1994 | 14.78 billion BoP, current US$ | +26.9% |
| 1995 | 18.64 billion BoP, current US$ | +26.2% |
| 1996 | 20.49 billion BoP, current US$ | +9.9% |
| 1997 | 23.92 billion BoP, current US$ | +16.7% |
| 1998 | 25.23 billion BoP, current US$ | +5.5% |
| 1999 | 23.67 billion BoP, current US$ | -6.2% |
| 2000 | 28.65 billion BoP, current US$ | +21.0% |
| 2001 | 24.45 billion BoP, current US$ | -14.7% |
| 2002 | 18.02 billion BoP, current US$ | -26.3% |
| 2003 | 19.13 billion BoP, current US$ | +6.1% |
| 2004 | 21.27 billion BoP, current US$ | +11.2% |
| 2005 | 26.53 billion BoP, current US$ | +24.8% |
| 2006 | 41.19 billion BoP, current US$ | +55.2% |
| 2007 | 54.43 billion BoP, current US$ | +32.1% |
| 2008 | 51.19 billion BoP, current US$ | -6.0% |
| 2009 | 33.05 billion BoP, current US$ | -35.4% |
| 2010 | 45.21 billion BoP, current US$ | +36.8% |
| 2011 | 51.50 billion BoP, current US$ | +13.9% |
| 2012 | 41.92 billion BoP, current US$ | -18.6% |
| 2013 | 48.89 billion BoP, current US$ | +16.6% |
| 2014 | 41.17 billion BoP, current US$ | -15.8% |
| 2015 | 31.34 billion BoP, current US$ | -23.9% |
| 2016 | 46.38 billion BoP, current US$ | +48.0% |
| 2017 | 63.79 billion BoP, current US$ | +37.5% |
| 2018 | 64.43 billion BoP, current US$ | +1.0% |
| 2019 | 80.16 billion BoP, current US$ | +24.4% |
| 2020 | 53.08 billion BoP, current US$ | -33.8% |
| 2021 | 70.66 billion BoP, current US$ | +33.1% |
| 2022 | 100.43 billion BoP, current US$ | +42.1% |
| 2023 | 107.73 billion BoP, current US$ | +7.3% |
| 2024 | 118.89 billion BoP, current US$ | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.02 billion BoP, current US$ | 7.02 billion BoP, current US$ | 7.02 billion BoP, current US$ | 1 |
| 1980s | 10.82 billion BoP, current US$ | 7.79 billion BoP, current US$ | 15.69 billion BoP, current US$ | 10 |
| 1990s | 17.38 billion BoP, current US$ | 11.31 billion BoP, current US$ | 25.23 billion BoP, current US$ | 10 |
| 2000s | 31.79 billion BoP, current US$ | 18.02 billion BoP, current US$ | 54.43 billion BoP, current US$ | 10 |
| 2010s | 51.48 billion BoP, current US$ | 31.34 billion BoP, current US$ | 80.16 billion BoP, current US$ | 10 |
| 2020s | 90.16 billion BoP, current US$ | 53.08 billion BoP, current US$ | 118.89 billion BoP, current US$ | 5 |
Countries ranked near Latin America & Caribbean
- 18 Norway 75.44 billion BoP, current US$ compare
- 19 Australia 73.91 billion BoP, current US$ compare
- 20 Republic of Korea 73.02 billion BoP, current US$ compare
- 21 India 54.14 billion BoP, current US$ compare
- 22 Austria 51.50 billion BoP, current US$ compare
- 23 Denmark 51.23 billion BoP, current US$ compare
- 24 Kuwait 43.13 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$), annual growth rate 4.33 % change on previous year (2025)
- Industry (including construction), value added 30.3% (2025)
Frequently asked questions
- What is primary income receipts in Latin America & Caribbean?
- Primary income receipts in Latin America & Caribbean was 118.89 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income receipts recorded in Latin America & Caribbean?
- The highest recorded value was 118.89 billion BoP, current US$ in 2024.
- What is the lowest primary income receipts recorded in Latin America & Caribbean?
- The lowest recorded value was 7.02 billion BoP, current US$ in 1979.
- How does Latin America & Caribbean rank for primary income receipts?
- Latin America & Caribbean ranks 21st out of 47 groups with data for 2024.
- Is primary income receipts rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 188.8%. 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 receipts (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). 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.