Services, value added (constant 2015 US$), annual growth rate in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Services, value added (constant 2015 US$), annual growth rate was 2.25 % change on previous year in 2025. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Latin America & Caribbean (excluding high income), 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latin America & Caribbean (excluding high income) recorded 2.25 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2025.
That represents a change of down 7.9% on the previous year and up 211.3% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean (excluding high income) peaked at 9.9 % change on previous year in 1973 and was at its lowest, -6.53 % change on previous year, in 2020.
Latin America & Caribbean (excluding high income) ranks 39th of 43 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Latin America & Caribbean (excluding high income), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.43 % change on previous year | — |
| 1972 | 8.27 % change on previous year | +11.3% |
| 1973 | 9.9 % change on previous year | +19.7% |
| 1974 | 8.06 % change on previous year | -18.6% |
| 1975 | 4.9 % change on previous year | -39.2% |
| 1976 | 6.49 % change on previous year | +32.3% |
| 1977 | 4.86 % change on previous year | -25.1% |
| 1978 | 5.38 % change on previous year | +10.8% |
| 1979 | 8.38 % change on previous year | +55.9% |
| 1980 | 8.61 % change on previous year | +2.7% |
| 1981 | 1.55 % change on previous year | -82.0% |
| 1982 | 1.23 % change on previous year | -20.2% |
| 1983 | 0.0378 % change on previous year | -96.9% |
| 1984 | 3.69 % change on previous year | +9655.5% |
| 1985 | 2.89 % change on previous year | -21.6% |
| 1986 | 4.02 % change on previous year | +39.1% |
| 1987 | 2.69 % change on previous year | -33.1% |
| 1988 | 1.8 % change on previous year | -33.0% |
| 1989 | 2.34 % change on previous year | +29.7% |
| 1990 | 0.9962 % change on previous year | -57.4% |
| 1991 | 3.79 % change on previous year | +280.4% |
| 1992 | 3.18 % change on previous year | -16.0% |
| 1993 | 4.24 % change on previous year | +33.2% |
| 1994 | 3.54 % change on previous year | -16.4% |
| 1995 | 0.0807 % change on previous year | -97.7% |
| 1996 | 3.53 % change on previous year | +4271.7% |
| 1997 | 4.77 % change on previous year | +35.1% |
| 1998 | 3.16 % change on previous year | -33.6% |
| 1999 | 1.45 % change on previous year | -54.1% |
| 2000 | 3.66 % change on previous year | +152.6% |
| 2001 | 1.01 % change on previous year | -72.5% |
| 2002 | 0.8081 % change on previous year | -19.7% |
| 2003 | 1.76 % change on previous year | +117.9% |
| 2004 | 4.7 % change on previous year | +167.1% |
| 2005 | 4.16 % change on previous year | -11.5% |
| 2006 | 5.33 % change on previous year | +27.9% |
| 2007 | 5.51 % change on previous year | +3.4% |
| 2008 | 4.02 % change on previous year | -27.0% |
| 2009 | -0.273 % change on previous year | -106.8% |
| 2010 | 5.91 % change on previous year | -2264.2% |
| 2011 | 4.4 % change on previous year | -25.5% |
| 2012 | 3.17 % change on previous year | -28.1% |
| 2013 | 2.75 % change on previous year | -13.0% |
| 2014 | 1.67 % change on previous year | -39.2% |
| 2015 | 0.7241 % change on previous year | -56.7% |
| 2016 | 0.3552 % change on previous year | -50.9% |
| 2017 | 1.95 % change on previous year | +448.3% |
| 2018 | 2.3 % change on previous year | +17.9% |
| 2019 | 1 % change on previous year | -56.4% |
| 2020 | -6.53 % change on previous year | -751.3% |
| 2021 | 6.61 % change on previous year | -201.3% |
| 2022 | 4.42 % change on previous year | -33.2% |
| 2023 | 2.52 % change on previous year | -43.0% |
| 2024 | 2.45 % change on previous year | -2.9% |
| 2025 | 2.25 % change on previous year | -7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.07 % change on previous year | 4.86 % change on previous year | 9.9 % change on previous year | 9 |
| 1980s | 2.89 % change on previous year | 0.0378 % change on previous year | 8.61 % change on previous year | 10 |
| 1990s | 2.87 % change on previous year | 0.0807 % change on previous year | 4.77 % change on previous year | 10 |
| 2000s | 3.07 % change on previous year | -0.273 % change on previous year | 5.51 % change on previous year | 10 |
| 2010s | 2.42 % change on previous year | 0.3552 % change on previous year | 5.91 % change on previous year | 10 |
| 2020s | 1.95 % change on previous year | -6.53 % change on previous year | 6.61 % change on previous year | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 36 Tanzania, United Republic of 5.83 % change on previous year compare
- 37 Philippines 5.82 % change on previous year compare
- 38 Albania 5.7 % change on previous year compare
- 39 Malaysia 5.7 % change on previous year compare
- 40 Angola 5.62 % change on previous year compare
- 41 Zimbabwe 5.5 % change on previous year compare
- 42 Uganda 5.44 % change on previous year compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.11 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,436 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,076 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 1,706 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean (excluding high income)?
- Services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean (excluding high income) was 2.25 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 9.9 % change on previous year in 1973.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was -6.53 % change on previous year in 2020.
- How does Latin America & Caribbean (excluding high income) rank for services, value added (constant 2015 us$), annual growth rate?
- Latin America & Caribbean (excluding high income) ranks 39th out of 43 groups with data for 2025.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 211.3%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.