Secondary income, other sectors, payments in Latin America & Caribbean
Latin America & Caribbean: Secondary income, other sectors, payments was 34.26 billion BoP, current US$ in 2024. ◆ Volatile
Secondary income, other sectors, payments in Latin America & Caribbean, 1998–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latin America & Caribbean recorded 34.26 billion BoP, current US$ for secondary income, other sectors, payments in 2024.
That represents a change of down 1.9% on the previous year and up 156.1% over ten years.
Over the whole period, secondary income, other sectors, payments in Latin America & Caribbean peaked at 34.93 billion BoP, current US$ in 2023 and was at its lowest, 1.98 billion BoP, current US$, in 1999.
That places Latin America & Caribbean 19th out of 47 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income, other sectors, payments in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1998 | 1.99 billion BoP, current US$ | — |
| 1999 | 1.98 billion BoP, current US$ | -0.3% |
| 2000 | 2.60 billion BoP, current US$ | +31.2% |
| 2001 | 2.95 billion BoP, current US$ | +13.5% |
| 2002 | 3.06 billion BoP, current US$ | +3.6% |
| 2003 | 3.06 billion BoP, current US$ | +0.1% |
| 2004 | 3.46 billion BoP, current US$ | +12.9% |
| 2005 | 4.11 billion BoP, current US$ | +19.1% |
| 2006 | 4.81 billion BoP, current US$ | +16.9% |
| 2007 | 6.93 billion BoP, current US$ | +44.0% |
| 2008 | 8.37 billion BoP, current US$ | +20.8% |
| 2009 | 8.99 billion BoP, current US$ | +7.4% |
| 2010 | 11.08 billion BoP, current US$ | +23.3% |
| 2011 | 12.43 billion BoP, current US$ | +12.2% |
| 2012 | 12.90 billion BoP, current US$ | +3.7% |
| 2013 | 14.78 billion BoP, current US$ | +14.6% |
| 2014 | 13.38 billion BoP, current US$ | -9.5% |
| 2015 | 13.22 billion BoP, current US$ | -1.1% |
| 2016 | 14.23 billion BoP, current US$ | +7.6% |
| 2017 | 18.12 billion BoP, current US$ | +27.3% |
| 2018 | 20.27 billion BoP, current US$ | +11.8% |
| 2019 | 19.48 billion BoP, current US$ | -3.9% |
| 2020 | 18.11 billion BoP, current US$ | -7.0% |
| 2021 | 25.14 billion BoP, current US$ | +38.8% |
| 2022 | 25.02 billion BoP, current US$ | -0.5% |
| 2023 | 34.93 billion BoP, current US$ | +39.6% |
| 2024 | 34.26 billion BoP, current US$ | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.98 billion BoP, current US$ | 1.98 billion BoP, current US$ | 1.99 billion BoP, current US$ | 2 |
| 2000s | 4.83 billion BoP, current US$ | 2.60 billion BoP, current US$ | 8.99 billion BoP, current US$ | 10 |
| 2010s | 14.99 billion BoP, current US$ | 11.08 billion BoP, current US$ | 20.27 billion BoP, current US$ | 10 |
| 2020s | 27.49 billion BoP, current US$ | 18.11 billion BoP, current US$ | 34.93 billion BoP, current US$ | 5 |
Countries ranked near Latin America & Caribbean
- 16 Russian Federation 14.98 billion BoP, current US$ compare
- 17 Canada 14.71 billion BoP, current US$ compare
- 18 Qatar 14.69 billion BoP, current US$ compare
- 19 Indonesia 11.39 billion BoP, current US$ compare
- 20 Norway 11.02 billion BoP, current US$ compare
- 21 Luxembourg 10.90 billion BoP, current US$ compare
- 22 Ireland 10.82 billion BoP, current US$ compare
More economy & growth data for Latin America & Caribbean
- GNI, Atlas method (current US$), per capita 10,634 current US$ per person (2025)
- Gross domestic savings (current US$), annual growth rate 5.05 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1809 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 2,007 current US$ per person (2025)
- GNI, Atlas method (current US$), annual growth rate 8.16 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9584 current US$ per US$ of GDP (2025)
- GNI (current US$), per unit of GDP 0.9561 current US$ per US$ of GDP (2025)
- GNI per capita, Atlas method 10,634 current US$ (2025)
- GNI (current US$), per capita 10,608 current US$ per person (2025)
- GDP (constant 2015 US$), per capita 9,017 constant 2015 US$ per person (2025)
Frequently asked questions
- What is secondary income, other sectors, payments in Latin America & Caribbean?
- Secondary income, other sectors, payments in Latin America & Caribbean was 34.26 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income, other sectors, payments recorded in Latin America & Caribbean?
- The highest recorded value was 34.93 billion BoP, current US$ in 2023.
- What is the lowest secondary income, other sectors, payments recorded in Latin America & Caribbean?
- The lowest recorded value was 1.98 billion BoP, current US$ in 1999.
- How does Latin America & Caribbean rank for secondary income, other sectors, payments?
- Latin America & Caribbean ranks 19th out of 47 groups with data for 2024.
- Is secondary income, other sectors, payments rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 156.1%. 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 Secondary income, other sectors, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. 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.