Service exports in Latin America & Caribbean
Latin America & Caribbean: Service exports was 323.75 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
323.75 billion BoP, current US$
Change on year
up 5.9%
Rank
22nd
of 43 groups
All-time high
323.75 billion BoP, current US$
in 2025
All-time low
12.55 billion BoP, current US$
in 1977
Years of data
49
1977–2025
Service exports in Latin America & Caribbean, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Latin America & Caribbean recorded 323.75 billion BoP, current US$ for service exports in 2025. That is the highest value across all 49 years on record.
That represents a change of up 5.9% on the previous year and up 75.7% over ten years.
Over the whole period, service exports in Latin America & Caribbean peaked at 323.75 billion BoP, current US$ in 2025 and was at its lowest, 12.55 billion BoP, current US$, in 1977.
Latin America & Caribbean ranks 22nd of 43 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 12.55 billion BoP, current US$ | — |
| 1978 | 14.15 billion BoP, current US$ | +12.8% |
| 1979 | 17.87 billion BoP, current US$ | +26.3% |
| 1980 | 20.23 billion BoP, current US$ | +13.2% |
| 1981 | 21.22 billion BoP, current US$ | +4.9% |
| 1982 | 19.75 billion BoP, current US$ | -6.9% |
| 1983 | 18.89 billion BoP, current US$ | -4.3% |
| 1984 | 20.30 billion BoP, current US$ | +7.5% |
| 1985 | 21.56 billion BoP, current US$ | +6.2% |
| 1986 | 22.39 billion BoP, current US$ | +3.9% |
| 1987 | 24.83 billion BoP, current US$ | +10.9% |
| 1988 | 27.92 billion BoP, current US$ | +12.5% |
| 1989 | 32.49 billion BoP, current US$ | +16.4% |
| 1990 | 36.78 billion BoP, current US$ | +13.2% |
| 1991 | 38.72 billion BoP, current US$ | +5.3% |
| 1992 | 43.45 billion BoP, current US$ | +12.2% |
| 1993 | 47.37 billion BoP, current US$ | +9.0% |
| 1994 | 51.53 billion BoP, current US$ | +8.8% |
| 1995 | 53.37 billion BoP, current US$ | +3.6% |
| 1996 | 57.02 billion BoP, current US$ | +6.8% |
| 1997 | 63.87 billion BoP, current US$ | +12.0% |
| 1998 | 58.62 billion BoP, current US$ | -8.2% |
| 1999 | 60.42 billion BoP, current US$ | +3.1% |
| 2000 | 66.56 billion BoP, current US$ | +10.2% |
| 2001 | 65.48 billion BoP, current US$ | -1.6% |
| 2002 | 67.46 billion BoP, current US$ | +3.0% |
| 2003 | 73.01 billion BoP, current US$ | +8.2% |
| 2004 | 81.57 billion BoP, current US$ | +11.7% |
| 2005 | 94.37 billion BoP, current US$ | +15.7% |
| 2006 | 105.17 billion BoP, current US$ | +11.4% |
| 2007 | 122.43 billion BoP, current US$ | +16.4% |
| 2008 | 139.96 billion BoP, current US$ | +14.3% |
| 2009 | 127.39 billion BoP, current US$ | -9.0% |
| 2010 | 142.10 billion BoP, current US$ | +11.6% |
| 2011 | 161.58 billion BoP, current US$ | +13.7% |
| 2012 | 172.24 billion BoP, current US$ | +6.6% |
| 2013 | 179.05 billion BoP, current US$ | +4.0% |
| 2014 | 187.64 billion BoP, current US$ | +4.8% |
| 2015 | 184.26 billion BoP, current US$ | -1.8% |
| 2016 | 191.60 billion BoP, current US$ | +4.0% |
| 2017 | 204.56 billion BoP, current US$ | +6.8% |
| 2018 | 213.55 billion BoP, current US$ | +4.4% |
| 2019 | 219.63 billion BoP, current US$ | +2.8% |
| 2020 | 141.19 billion BoP, current US$ | -35.7% |
| 2021 | 179.59 billion BoP, current US$ | +27.2% |
| 2022 | 247.85 billion BoP, current US$ | +38.0% |
| 2023 | 280.32 billion BoP, current US$ | +13.1% |
| 2024 | 305.71 billion BoP, current US$ | +9.1% |
| 2025 | 323.75 billion BoP, current US$ | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.86 billion BoP, current US$ | 12.55 billion BoP, current US$ | 17.87 billion BoP, current US$ | 3 |
| 1980s | 22.96 billion BoP, current US$ | 18.89 billion BoP, current US$ | 32.49 billion BoP, current US$ | 10 |
| 1990s | 51.11 billion BoP, current US$ | 36.78 billion BoP, current US$ | 63.87 billion BoP, current US$ | 10 |
| 2000s | 94.34 billion BoP, current US$ | 65.48 billion BoP, current US$ | 139.96 billion BoP, current US$ | 10 |
| 2010s | 185.62 billion BoP, current US$ | 142.10 billion BoP, current US$ | 219.63 billion BoP, current US$ | 10 |
| 2020s | 246.40 billion BoP, current US$ | 141.19 billion BoP, current US$ | 323.75 billion BoP, current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 19 Poland 130.95 billion BoP, current US$ compare
- 20 Denmark 128.90 billion BoP, current US$ compare
- 21 Turkey 117.19 billion BoP, current US$ compare
- 22 Hong Kong 108.59 billion BoP, current US$ compare
- 23 Austria 105.49 billion BoP, current US$ compare
- 24 Israel 92.38 billion BoP, current US$ compare
- 25 Australia 91.62 billion BoP, current US$ compare
More economy & growth data for Latin America & Caribbean
- GDP 6.01 trillion constant 2015 US$ (2025)
- Services, value added 5.04 trillion current US$ (2025)
- Services, value added 4.37 trillion constant 2015 US$ (2025)
- Trade in services 8.7% (2025)
- Services, value added 68.2% (2025)
- Inflation, GDP deflator 3.4% (2025)
- Gross value added at basic prices (GVA) 6.85 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 5.62 trillion constant 2015 US$ (2025)
- GDP 7.40 trillion current US$ (2025)
- Gross domestic savings 18.1% (2025)
Frequently asked questions
- What is service exports in Latin America & Caribbean?
- Service exports in Latin America & Caribbean was 323.75 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Latin America & Caribbean?
- The highest recorded value was 323.75 billion BoP, current US$ in 2025.
- What is the lowest service exports recorded in Latin America & Caribbean?
- The lowest recorded value was 12.55 billion BoP, current US$ in 1977.
- How does Latin America & Caribbean rank for service exports?
- Latin America & Caribbean ranks 22nd out of 43 groups with data for 2025.
- Is service exports rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 75.7%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Exports of services are services provided by residents to non-residents. 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.