Services, value added in Latin America & Caribbean
Latin America & Caribbean: Services, value added was 2.4% in 2025. ◆ Volatile
Services, value added in Latin America & Caribbean, 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Latin America & Caribbean recorded 2.4% for services, value added in 2025.
The figure is down 5.4% on the previous year and up 168.3% over ten years.
Over the whole period, services, value added in Latin America & Caribbean peaked at 9.4% in 1973 and was at its lowest, -6.7%, in 2020.
That places Latin America & Caribbean 37th out of 43 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.
Services, value added in Latin America & Caribbean, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 7.5% | — |
| 1972 | 8.0% | +5.8% |
| 1973 | 9.4% | +17.8% |
| 1974 | 7.6% | -18.7% |
| 1975 | 4.5% | -40.9% |
| 1976 | 6.4% | +41.0% |
| 1977 | 5.0% | -20.7% |
| 1978 | 5.5% | +9.2% |
| 1979 | 8.3% | +51.6% |
| 1980 | 8.6% | +2.9% |
| 1981 | 1.7% | -80.5% |
| 1982 | 0.9% | -47.6% |
| 1983 | -0.2% | -122.2% |
| 1984 | 3.6% | -1962.5% |
| 1985 | 2.9% | -19.8% |
| 1986 | 4.1% | +40.5% |
| 1987 | 2.7% | -33.0% |
| 1988 | 1.8% | -35.7% |
| 1989 | 2.6% | +44.7% |
| 1990 | 1.1% | -55.9% |
| 1991 | 3.7% | +232.2% |
| 1992 | 3.5% | -5.6% |
| 1993 | 4.3% | +22.7% |
| 1994 | 3.6% | -16.5% |
| 1995 | 0.4% | -88.9% |
| 1996 | 3.2% | +689.5% |
| 1997 | 5.6% | +77.0% |
| 1998 | 3.3% | -40.2% |
| 1999 | 1.5% | -54.0% |
| 2000 | 3.7% | +141.1% |
| 2001 | 1.1% | -69.3% |
| 2002 | 0.9% | -19.8% |
| 2003 | 1.9% | +110.5% |
| 2004 | 4.9% | +154.8% |
| 2005 | 4.3% | -11.3% |
| 2006 | 5.6% | +28.1% |
| 2007 | 5.7% | +3.4% |
| 2008 | 4.2% | -26.1% |
| 2009 | -0.3% | -106.7% |
| 2010 | 5.9% | -2188.9% |
| 2011 | 4.6% | -22.3% |
| 2012 | 3.4% | -25.7% |
| 2013 | 2.9% | -16.6% |
| 2014 | 1.8% | -36.4% |
| 2015 | 0.9% | -51.3% |
| 2016 | 0.5% | -39.1% |
| 2017 | 2.0% | +272.2% |
| 2018 | 2.4% | +17.3% |
| 2019 | 1.1% | -51.3% |
| 2020 | -6.7% | -685.9% |
| 2021 | 7.1% | -205.2% |
| 2022 | 4.7% | -34.3% |
| 2023 | 2.5% | -45.8% |
| 2024 | 2.5% | -0.4% |
| 2025 | 2.4% | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.9% | 4.5% | 9.4% | 9 |
| 1980s | 2.9% | -0.2% | 8.6% | 10 |
| 1990s | 3.0% | 0.4% | 5.6% | 10 |
| 2000s | 3.2% | -0.3% | 5.7% | 10 |
| 2010s | 2.6% | 0.5% | 5.9% | 10 |
| 2020s | 2.1% | -6.7% | 7.1% | 6 |
Countries ranked near Latin America & Caribbean
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)
- Industry (including construction), value added 30.3% (2025)
- Industry (including construction), value added 1.2% (2025)
Frequently asked questions
- What is services, value added in Latin America & Caribbean?
- Services, value added in Latin America & Caribbean was 2.4% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Latin America & Caribbean?
- The highest recorded value was 9.4% in 1973.
- What is the lowest services, value added recorded in Latin America & Caribbean?
- The lowest recorded value was -6.7% in 2020.
- How does Latin America & Caribbean rank for services, value added?
- Latin America & Caribbean ranks 37th out of 43 groups with data for 2025.
- Is services, value added rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 168.3%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.