Secondary income receipts in Latin America & Caribbean
Latin America & Caribbean: Secondary income receipts was 201.93 billion BoP, current US$ in 2024. ◆ Volatile
Secondary income receipts in Latin America & Caribbean, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, secondary income receipts in Latin America & Caribbean stood at 201.93 billion BoP, current US$. That is the highest value across all 47 years on record.
That represents a change of up 3.8% on the previous year and up 140.8% over ten years.
Over the whole period, secondary income receipts in Latin America & Caribbean peaked at 201.93 billion BoP, current US$ in 2024 and was at its lowest, 1.38 billion BoP, current US$, in 1978.
That places Latin America & Caribbean 18th out of 47 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Secondary income receipts in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | 1.38 billion BoP, current US$ | — |
| 1979 | 2.08 billion BoP, current US$ | +50.8% |
| 1980 | 3.08 billion BoP, current US$ | +48.0% |
| 1981 | 3.39 billion BoP, current US$ | +10.0% |
| 1982 | 3.23 billion BoP, current US$ | -4.7% |
| 1983 | 3.34 billion BoP, current US$ | +3.6% |
| 1984 | 3.82 billion BoP, current US$ | +14.3% |
| 1985 | 4.94 billion BoP, current US$ | +29.4% |
| 1986 | 4.69 billion BoP, current US$ | -5.1% |
| 1987 | 5.89 billion BoP, current US$ | +25.5% |
| 1988 | 6.76 billion BoP, current US$ | +14.7% |
| 1989 | 7.54 billion BoP, current US$ | +11.5% |
| 1990 | 10.83 billion BoP, current US$ | +43.7% |
| 1991 | 11.54 billion BoP, current US$ | +6.6% |
| 1992 | 14.00 billion BoP, current US$ | +21.3% |
| 1993 | 13.82 billion BoP, current US$ | -1.3% |
| 1994 | 15.47 billion BoP, current US$ | +12.0% |
| 1995 | 17.88 billion BoP, current US$ | +15.6% |
| 1996 | 17.52 billion BoP, current US$ | -2.0% |
| 1997 | 18.38 billion BoP, current US$ | +4.9% |
| 1998 | 20.16 billion BoP, current US$ | +9.6% |
| 1999 | 22.36 billion BoP, current US$ | +10.9% |
| 2000 | 24.39 billion BoP, current US$ | +9.1% |
| 2001 | 29.35 billion BoP, current US$ | +20.3% |
| 2002 | 32.88 billion BoP, current US$ | +12.1% |
| 2003 | 41.14 billion BoP, current US$ | +25.1% |
| 2004 | 48.82 billion BoP, current US$ | +18.7% |
| 2005 | 57.44 billion BoP, current US$ | +17.7% |
| 2006 | 69.30 billion BoP, current US$ | +20.6% |
| 2007 | 75.12 billion BoP, current US$ | +8.4% |
| 2008 | 77.39 billion BoP, current US$ | +3.0% |
| 2009 | 68.18 billion BoP, current US$ | -11.9% |
| 2010 | 72.39 billion BoP, current US$ | +6.2% |
| 2011 | 77.19 billion BoP, current US$ | +6.6% |
| 2012 | 78.25 billion BoP, current US$ | +1.4% |
| 2013 | 80.93 billion BoP, current US$ | +3.4% |
| 2014 | 83.86 billion BoP, current US$ | +3.6% |
| 2015 | 85.11 billion BoP, current US$ | +1.5% |
| 2016 | 93.43 billion BoP, current US$ | +9.8% |
| 2017 | 102.80 billion BoP, current US$ | +10.0% |
| 2018 | 111.06 billion BoP, current US$ | +8.0% |
| 2019 | 118.37 billion BoP, current US$ | +6.6% |
| 2020 | 124.05 billion BoP, current US$ | +4.8% |
| 2021 | 156.42 billion BoP, current US$ | +26.1% |
| 2022 | 173.15 billion BoP, current US$ | +10.7% |
| 2023 | 194.47 billion BoP, current US$ | +12.3% |
| 2024 | 201.93 billion BoP, current US$ | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.73 billion BoP, current US$ | 1.38 billion BoP, current US$ | 2.08 billion BoP, current US$ | 2 |
| 1980s | 4.67 billion BoP, current US$ | 3.08 billion BoP, current US$ | 7.54 billion BoP, current US$ | 10 |
| 1990s | 16.20 billion BoP, current US$ | 10.83 billion BoP, current US$ | 22.36 billion BoP, current US$ | 10 |
| 2000s | 52.40 billion BoP, current US$ | 24.39 billion BoP, current US$ | 77.39 billion BoP, current US$ | 10 |
| 2010s | 90.34 billion BoP, current US$ | 72.39 billion BoP, current US$ | 118.37 billion BoP, current US$ | 10 |
| 2020s | 170.01 billion BoP, current US$ | 124.05 billion BoP, current US$ | 201.93 billion BoP, current US$ | 5 |
Countries ranked near Latin America & Caribbean
- 15 Spain 33.64 billion BoP, current US$ compare
- 16 Italy 29.74 billion BoP, current US$ compare
- 17 Belgium 28.22 billion BoP, current US$ compare
- 18 Nigeria 24.01 billion BoP, current US$ compare
- 19 Ukraine 24.00 billion BoP, current US$ compare
- 20 Guatemala 22.84 billion BoP, current US$ compare
- 21 Thailand 18.46 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$), annual growth rate 4.33 % change on previous year (2025)
- Industry (including construction), value added 30.3% (2025)
Frequently asked questions
- What is secondary income receipts in Latin America & Caribbean?
- Secondary income receipts in Latin America & Caribbean was 201.93 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income receipts recorded in Latin America & Caribbean?
- The highest recorded value was 201.93 billion BoP, current US$ in 2024.
- What is the lowest secondary income receipts recorded in Latin America & Caribbean?
- The lowest recorded value was 1.38 billion BoP, current US$ in 1978.
- How does Latin America & Caribbean rank for secondary income receipts?
- Latin America & Caribbean ranks 18th out of 47 groups with data for 2024.
- Is secondary income receipts rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 140.8%. 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 Secondary income receipts (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.