Service imports in Latin America & Caribbean
Latin America & Caribbean: Service imports was 382.96 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
382.96 billion BoP, current US$
Change on year
up 5.6%
Rank
21st
of 45 groups
All-time high
382.96 billion BoP, current US$
in 2025
All-time low
13.18 billion BoP, current US$
in 1976
Years of data
50
1976–2025
Service imports in Latin America & Caribbean, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Latin America & Caribbean is 382.96 billion BoP, current US$, measured in 2025. That is the highest value across all 50 years on record.
The figure is up 5.6% on the previous year and up 53.7% over ten years.
Over the whole period, service imports in Latin America & Caribbean peaked at 382.96 billion BoP, current US$ in 2025 and was at its lowest, 13.18 billion BoP, current US$, in 1976.
Latin America & Caribbean ranks 21st of 45 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Latin America & Caribbean, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 13.18 billion BoP, current US$ | — |
| 1977 | 16.34 billion BoP, current US$ | +24.0% |
| 1978 | 19.55 billion BoP, current US$ | +19.6% |
| 1979 | 24.45 billion BoP, current US$ | +25.1% |
| 1980 | 30.61 billion BoP, current US$ | +25.2% |
| 1981 | 34.37 billion BoP, current US$ | +12.3% |
| 1982 | 31.22 billion BoP, current US$ | -9.2% |
| 1983 | 23.93 billion BoP, current US$ | -23.3% |
| 1984 | 24.23 billion BoP, current US$ | +1.3% |
| 1985 | 24.00 billion BoP, current US$ | -1.0% |
| 1986 | 25.74 billion BoP, current US$ | +7.3% |
| 1987 | 26.45 billion BoP, current US$ | +2.8% |
| 1988 | 29.72 billion BoP, current US$ | +12.3% |
| 1989 | 32.11 billion BoP, current US$ | +8.1% |
| 1990 | 38.11 billion BoP, current US$ | +18.7% |
| 1991 | 40.93 billion BoP, current US$ | +7.4% |
| 1992 | 46.49 billion BoP, current US$ | +13.6% |
| 1993 | 51.75 billion BoP, current US$ | +11.3% |
| 1994 | 56.15 billion BoP, current US$ | +8.5% |
| 1995 | 59.62 billion BoP, current US$ | +6.2% |
| 1996 | 61.43 billion BoP, current US$ | +3.0% |
| 1997 | 70.93 billion BoP, current US$ | +15.4% |
| 1998 | 73.37 billion BoP, current US$ | +3.4% |
| 1999 | 69.43 billion BoP, current US$ | -5.4% |
| 2000 | 78.20 billion BoP, current US$ | +12.6% |
| 2001 | 78.16 billion BoP, current US$ | -0.0% |
| 2002 | 74.78 billion BoP, current US$ | -4.3% |
| 2003 | 77.83 billion BoP, current US$ | +4.1% |
| 2004 | 88.86 billion BoP, current US$ | +14.2% |
| 2005 | 106.30 billion BoP, current US$ | +19.6% |
| 2006 | 119.08 billion BoP, current US$ | +12.0% |
| 2007 | 146.07 billion BoP, current US$ | +22.7% |
| 2008 | 173.71 billion BoP, current US$ | +18.9% |
| 2009 | 161.09 billion BoP, current US$ | -7.3% |
| 2010 | 198.30 billion BoP, current US$ | +23.1% |
| 2011 | 235.76 billion BoP, current US$ | +18.9% |
| 2012 | 253.69 billion BoP, current US$ | +7.6% |
| 2013 | 268.87 billion BoP, current US$ | +6.0% |
| 2014 | 275.14 billion BoP, current US$ | +2.3% |
| 2015 | 249.22 billion BoP, current US$ | -9.4% |
| 2016 | 239.21 billion BoP, current US$ | -4.0% |
| 2017 | 259.43 billion BoP, current US$ | +8.5% |
| 2018 | 269.50 billion BoP, current US$ | +3.9% |
| 2019 | 264.06 billion BoP, current US$ | -2.0% |
| 2020 | 192.55 billion BoP, current US$ | -27.1% |
| 2021 | 243.99 billion BoP, current US$ | +26.7% |
| 2022 | 325.56 billion BoP, current US$ | +33.4% |
| 2023 | 342.42 billion BoP, current US$ | +5.2% |
| 2024 | 362.69 billion BoP, current US$ | +5.9% |
| 2025 | 382.96 billion BoP, current US$ | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.38 billion BoP, current US$ | 13.18 billion BoP, current US$ | 24.45 billion BoP, current US$ | 4 |
| 1980s | 28.24 billion BoP, current US$ | 23.93 billion BoP, current US$ | 34.37 billion BoP, current US$ | 10 |
| 1990s | 56.82 billion BoP, current US$ | 38.11 billion BoP, current US$ | 73.37 billion BoP, current US$ | 10 |
| 2000s | 110.41 billion BoP, current US$ | 74.78 billion BoP, current US$ | 173.71 billion BoP, current US$ | 10 |
| 2010s | 251.32 billion BoP, current US$ | 198.30 billion BoP, current US$ | 275.14 billion BoP, current US$ | 10 |
| 2020s | 308.36 billion BoP, current US$ | 192.55 billion BoP, current US$ | 382.96 billion BoP, current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 18 Saudi Arabia 128.68 billion BoP, current US$ compare
- 19 Spain 126.79 billion BoP, current US$ compare
- 20 Denmark 125.46 billion BoP, current US$ compare
- 21 Australia 115.84 billion BoP, current US$ compare
- 22 Brazil 105.06 billion BoP, current US$ compare
- 23 Austria 98.29 billion BoP, current US$ compare
- 24 Russian Federation 94.84 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 imports in Latin America & Caribbean?
- Service imports in Latin America & Caribbean was 382.96 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 imports recorded in Latin America & Caribbean?
- The highest recorded value was 382.96 billion BoP, current US$ in 2025.
- What is the lowest service imports recorded in Latin America & Caribbean?
- The lowest recorded value was 13.18 billion BoP, current US$ in 1976.
- How does Latin America & Caribbean rank for service imports?
- Latin America & Caribbean ranks 21st out of 45 groups with data for 2025.
- Is service imports rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 53.7%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Imports of services are services provided by non-residents to 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.