Service imports (BoP, current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Service imports (BoP, current US$), annual growth rate was 5.59 % change on previous year in 2025. ◆ Volatile
Service imports (BoP, current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries), 1977–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latin America & the Caribbean (IDA & IBRD countries) recorded 5.59 % change on previous year for service imports (bop, current us$), annual growth rate in 2025.
The figure is down 4.5% on the previous year and up 159.6% over ten years.
Over the whole period, service imports (bop, current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries) peaked at 33.61 % change on previous year in 2022 and was at its lowest, -27.13 % change on previous year, in 2020.
That places Latin America & the Caribbean (IDA & IBRD countries) 29th out of 47 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1977 | 23.54 % change on previous year | — |
| 1978 | 20.07 % change on previous year | -14.7% |
| 1979 | 25.19 % change on previous year | +25.5% |
| 1980 | 25.29 % change on previous year | +0.4% |
| 1981 | 12.24 % change on previous year | -51.6% |
| 1982 | -9.38 % change on previous year | -176.7% |
| 1983 | -23.72 % change on previous year | +152.8% |
| 1984 | 1.36 % change on previous year | -105.7% |
| 1985 | -1.12 % change on previous year | -182.2% |
| 1986 | 7.28 % change on previous year | -751.0% |
| 1987 | 2.57 % change on previous year | -64.6% |
| 1988 | 12.38 % change on previous year | +381.2% |
| 1989 | 8.06 % change on previous year | -34.9% |
| 1990 | 18.78 % change on previous year | +133.0% |
| 1991 | 7.6 % change on previous year | -59.5% |
| 1992 | 13.88 % change on previous year | +82.7% |
| 1993 | 11.36 % change on previous year | -18.1% |
| 1994 | 8.38 % change on previous year | -26.2% |
| 1995 | 4.59 % change on previous year | -45.2% |
| 1996 | 1.71 % change on previous year | -62.8% |
| 1997 | 15.78 % change on previous year | +823.2% |
| 1998 | 4.55 % change on previous year | -71.1% |
| 1999 | -4.79 % change on previous year | -205.3% |
| 2000 | 12.83 % change on previous year | -367.7% |
| 2001 | 0.0759 % change on previous year | -99.4% |
| 2002 | -4.48 % change on previous year | -6009.0% |
| 2003 | 3.9 % change on previous year | -186.9% |
| 2004 | 14.45 % change on previous year | +270.7% |
| 2005 | 19.92 % change on previous year | +37.9% |
| 2006 | 11.9 % change on previous year | -40.3% |
| 2007 | 23.16 % change on previous year | +94.6% |
| 2008 | 19.37 % change on previous year | -16.3% |
| 2009 | -7.17 % change on previous year | -137.0% |
| 2010 | 23.41 % change on previous year | -426.4% |
| 2011 | 18.93 % change on previous year | -19.1% |
| 2012 | 7.57 % change on previous year | -60.0% |
| 2013 | 5.99 % change on previous year | -20.8% |
| 2014 | 2.32 % change on previous year | -61.3% |
| 2015 | -9.39 % change on previous year | -504.8% |
| 2016 | -4.67 % change on previous year | -50.2% |
| 2017 | 8.54 % change on previous year | -282.8% |
| 2018 | 3.83 % change on previous year | -55.1% |
| 2019 | -2.04 % change on previous year | -153.3% |
| 2020 | -27.13 % change on previous year | +1230.4% |
| 2021 | 27.04 % change on previous year | -199.7% |
| 2022 | 33.61 % change on previous year | +24.3% |
| 2023 | 5.05 % change on previous year | -85.0% |
| 2024 | 5.85 % change on previous year | +15.9% |
| 2025 | 5.59 % change on previous year | -4.5% |
Biggest year-on-year movements
Years where Service imports (BoP, current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries) 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 |
|---|---|---|---|
| 2002 | -6009.0% | 0.0759 % change on previous year | -4.48 % change on previous year |
| 2020 | -1230.4% | -2.04 % change on previous year | -27.13 % change on previous year |
| 1997 | +823.2% | 1.71 % change on previous year | 15.78 % change on previous year |
| 1986 | +751.0% | -1.12 % change on previous year | 7.28 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.93 % change on previous year | 20.07 % change on previous year | 25.19 % change on previous year | 3 |
| 1980s | 3.5 % change on previous year | -23.72 % change on previous year | 25.29 % change on previous year | 10 |
| 1990s | 8.18 % change on previous year | -4.79 % change on previous year | 18.78 % change on previous year | 10 |
| 2000s | 9.39 % change on previous year | -7.17 % change on previous year | 23.16 % change on previous year | 10 |
| 2010s | 5.45 % change on previous year | -9.39 % change on previous year | 23.41 % change on previous year | 10 |
| 2020s | 8.34 % change on previous year | -27.13 % change on previous year | 33.61 % change on previous year | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 26 Bangladesh 19.92 % change on previous year compare
- 27 Iraq 19.79 % change on previous year compare
- 28 Israel 19.66 % change on previous year compare
- 29 North Macedonia 18.93 % change on previous year compare
- 30 Romania 18.88 % change on previous year compare
- 31 Albania 18.83 % change on previous year compare
- 32 Croatia 18.68 % change on previous year compare
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Households and NPISHs Final consumption expenditure (current US$) 0.6893 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.136 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,472 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.26 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.48 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,311 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5831 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,700 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,460 current US$ per person (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is service imports (bop, current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries)?
- Service imports (bop, current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries) was 5.59 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), annual growth rate recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 33.61 % change on previous year in 2022.
- What is the lowest service imports (bop, current us$), annual growth rate recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was -27.13 % change on previous year in 2020.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for service imports (bop, current us$), annual growth rate?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 29th out of 47 groups with data for 2025.
- Is service imports (bop, current us$), annual growth rate rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 159.6%. The long-run trend across the full record is volatile.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) data come from?
- The figures come from Statizoid (derived), published as part of Service imports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service imports 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 imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.