Services, value added in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Services, value added was 2.4% in 2025. ◆ Volatile
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), 1971–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Latin America & the Caribbean (IDA & IBRD countries) is 2.4%, measured in 2025.
That represents a change of down 7.2% on the previous year and up 188.8% over ten years.
Over the whole period, services, value added in Latin America & the Caribbean (IDA & IBRD countries) peaked at 9.4% in 1973 and was at its lowest, -6.6%, in 2020.
Latin America & the Caribbean (IDA & IBRD countries) ranks 37th of 43 groups on this measure, 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 & the Caribbean (IDA & IBRD countries), 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% | -55.5% |
| 1991 | 3.8% | +237.7% |
| 1992 | 3.5% | -8.0% |
| 1993 | 4.3% | +22.8% |
| 1994 | 3.6% | -16.3% |
| 1995 | 0.4% | -89.7% |
| 1996 | 3.2% | +739.4% |
| 1997 | 5.7% | +82.4% |
| 1998 | 3.3% | -42.2% |
| 1999 | 1.4% | -56.7% |
| 2000 | 3.7% | +156.7% |
| 2001 | 1.0% | -71.6% |
| 2002 | 0.9% | -15.6% |
| 2003 | 1.9% | +112.6% |
| 2004 | 4.9% | +158.2% |
| 2005 | 4.2% | -14.2% |
| 2006 | 5.4% | +30.7% |
| 2007 | 5.7% | +4.5% |
| 2008 | 4.3% | -24.7% |
| 2009 | -0.3% | -107.3% |
| 2010 | 6.0% | -2029.3% |
| 2011 | 4.7% | -22.4% |
| 2012 | 3.5% | -26.0% |
| 2013 | 2.9% | -16.5% |
| 2014 | 1.8% | -37.4% |
| 2015 | 0.8% | -54.4% |
| 2016 | 0.5% | -36.2% |
| 2017 | 2.0% | +278.9% |
| 2018 | 2.4% | +18.5% |
| 2019 | 1.1% | -52.0% |
| 2020 | -6.6% | -680.9% |
| 2021 | 7.1% | -208.4% |
| 2022 | 4.6% | -35.0% |
| 2023 | 2.6% | -44.0% |
| 2024 | 2.6% | -1.3% |
| 2025 | 2.4% | -7.2% |
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% | 5.7% | 10 |
| 2000s | 3.2% | -0.3% | 5.7% | 10 |
| 2010s | 2.6% | 0.5% | 6.0% | 10 |
| 2020s | 2.1% | -6.6% | 7.1% | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
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 services, value added in Latin America & the Caribbean (IDA & IBRD countries)?
- Services, value added in Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 9.4% in 1973.
- What is the lowest services, value added recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was -6.6% in 2020.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for services, value added?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 37th out of 43 groups with data for 2025.
- Is services, value added rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 188.8%. 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 Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
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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.