Service exports (BoP, current US$), annual growth rate in Latin America & Caribbean
Latin America & Caribbean: Service exports (BoP, current US$), annual growth rate was 5.9 % change on previous year in 2025. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Latin America & Caribbean, 1978–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for service exports (bop, current us$), annual growth rate in Latin America & Caribbean is 5.9 % change on previous year, measured in 2025.
That represents a change of down 34.9% on the previous year and up 427.1% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Latin America & Caribbean peaked at 38.01 % change on previous year in 2022 and was at its lowest, -35.72 % change on previous year, in 2020.
That places Latin America & Caribbean 39th out of 45 groups with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Latin America & Caribbean, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1978 | 12.77 % change on previous year | — |
| 1979 | 26.27 % change on previous year | +105.7% |
| 1980 | 13.2 % change on previous year | -49.8% |
| 1981 | 4.9 % change on previous year | -62.9% |
| 1982 | -6.93 % change on previous year | -241.4% |
| 1983 | -4.35 % change on previous year | -37.2% |
| 1984 | 7.48 % change on previous year | -272.0% |
| 1985 | 6.18 % change on previous year | -17.4% |
| 1986 | 3.87 % change on previous year | -37.4% |
| 1987 | 10.86 % change on previous year | +180.7% |
| 1988 | 12.48 % change on previous year | +14.8% |
| 1989 | 16.37 % change on previous year | +31.2% |
| 1990 | 13.18 % change on previous year | -19.5% |
| 1991 | 5.29 % change on previous year | -59.9% |
| 1992 | 12.2 % change on previous year | +130.8% |
| 1993 | 9.03 % change on previous year | -26.0% |
| 1994 | 8.79 % change on previous year | -2.6% |
| 1995 | 3.57 % change on previous year | -59.5% |
| 1996 | 6.83 % change on previous year | +91.7% |
| 1997 | 12.01 % change on previous year | +75.8% |
| 1998 | -8.22 % change on previous year | -168.4% |
| 1999 | 3.07 % change on previous year | -137.4% |
| 2000 | 10.16 % change on previous year | +231.0% |
| 2001 | -1.63 % change on previous year | -116.0% |
| 2002 | 3.02 % change on previous year | -285.8% |
| 2003 | 8.23 % change on previous year | +172.3% |
| 2004 | 11.73 % change on previous year | +42.5% |
| 2005 | 15.69 % change on previous year | +33.7% |
| 2006 | 11.44 % change on previous year | -27.1% |
| 2007 | 16.41 % change on previous year | +43.5% |
| 2008 | 14.32 % change on previous year | -12.8% |
| 2009 | -8.98 % change on previous year | -162.7% |
| 2010 | 11.55 % change on previous year | -228.6% |
| 2011 | 13.71 % change on previous year | +18.6% |
| 2012 | 6.6 % change on previous year | -51.9% |
| 2013 | 3.95 % change on previous year | -40.1% |
| 2014 | 4.8 % change on previous year | +21.5% |
| 2015 | -1.8 % change on previous year | -137.6% |
| 2016 | 3.99 % change on previous year | -321.1% |
| 2017 | 6.76 % change on previous year | +69.5% |
| 2018 | 4.4 % change on previous year | -34.9% |
| 2019 | 2.85 % change on previous year | -35.2% |
| 2020 | -35.72 % change on previous year | -1353.7% |
| 2021 | 27.2 % change on previous year | -176.1% |
| 2022 | 38.01 % change on previous year | +39.8% |
| 2023 | 13.1 % change on previous year | -65.5% |
| 2024 | 9.06 % change on previous year | -30.8% |
| 2025 | 5.9 % change on previous year | -34.9% |
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Latin America & Caribbean changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -1353.7% | 2.85 % change on previous year | -35.72 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.52 % change on previous year | 12.77 % change on previous year | 26.27 % change on previous year | 2 |
| 1980s | 6.41 % change on previous year | -6.93 % change on previous year | 16.37 % change on previous year | 10 |
| 1990s | 6.58 % change on previous year | -8.22 % change on previous year | 13.18 % change on previous year | 10 |
| 2000s | 8.04 % change on previous year | -8.98 % change on previous year | 16.41 % change on previous year | 10 |
| 2010s | 5.68 % change on previous year | -1.8 % change on previous year | 13.71 % change on previous year | 10 |
| 2020s | 9.59 % change on previous year | -35.72 % change on previous year | 38.01 % change on previous year | 6 |
Countries ranked near Latin America & Caribbean
- 36 Morocco 18.72 % change on previous year compare
- 37 Lithuania 18.41 % change on previous year compare
- 38 Palestine 17.98 % change on previous year compare
- 39 Moldova 17.7 % change on previous year compare
- 40 Iraq 17.27 % change on previous year compare
- 41 Romania 16.73 % change on previous year compare
- 42 Equatorial Guinea 16.7 % change on previous year compare
More economy & growth data for Latin America & Caribbean
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,782 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5777 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1607 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Latin America & Caribbean?
- Service exports (bop, current us$), annual growth rate in Latin America & Caribbean was 5.9 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Latin America & Caribbean?
- The highest recorded value was 38.01 % change on previous year in 2022.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Latin America & Caribbean?
- The lowest recorded value was -35.72 % change on previous year in 2020.
- How does Latin America & Caribbean rank for service exports (bop, current us$), annual growth rate?
- Latin America & Caribbean ranks 39th out of 45 groups with data for 2025.
- Is service exports (bop, current us$), annual growth rate rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 427.1%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.