Services, value added (constant 2015 US$), annual growth rate in Latin America & Caribbean
Latin America & Caribbean: Services, value added (constant 2015 US$), annual growth rate was 2.38 % change on previous year in 2025. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Latin America & Caribbean, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean is 2.38 % change on previous year, measured in 2025.
That represents a change of down 5.4% on the previous year and up 168.3% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean peaked at 9.38 % change on previous year in 1973 and was at its lowest, -6.72 % change on previous year, in 2020.
Latin America & Caribbean ranks 37th of 43 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Latin America & Caribbean, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.53 % change on previous year | — |
| 1972 | 7.97 % change on previous year | +5.8% |
| 1973 | 9.38 % change on previous year | +17.8% |
| 1974 | 7.63 % change on previous year | -18.7% |
| 1975 | 4.51 % change on previous year | -40.9% |
| 1976 | 6.36 % change on previous year | +41.0% |
| 1977 | 5.04 % change on previous year | -20.7% |
| 1978 | 5.51 % change on previous year | +9.2% |
| 1979 | 8.35 % change on previous year | +51.6% |
| 1980 | 8.59 % change on previous year | +2.9% |
| 1981 | 1.68 % change on previous year | -80.5% |
| 1982 | 0.8794 % change on previous year | -47.6% |
| 1983 | -0.1951 % change on previous year | -122.2% |
| 1984 | 3.63 % change on previous year | -1961.6% |
| 1985 | 2.91 % change on previous year | -19.8% |
| 1986 | 4.09 % change on previous year | +40.5% |
| 1987 | 2.74 % change on previous year | -33.0% |
| 1988 | 1.76 % change on previous year | -35.7% |
| 1989 | 2.55 % change on previous year | +44.8% |
| 1990 | 1.12 % change on previous year | -55.9% |
| 1991 | 3.74 % change on previous year | +232.2% |
| 1992 | 3.53 % change on previous year | -5.6% |
| 1993 | 4.33 % change on previous year | +22.7% |
| 1994 | 3.61 % change on previous year | -16.5% |
| 1995 | 0.3998 % change on previous year | -88.9% |
| 1996 | 3.15 % change on previous year | +688.9% |
| 1997 | 5.58 % change on previous year | +77.0% |
| 1998 | 3.34 % change on previous year | -40.2% |
| 1999 | 1.54 % change on previous year | -54.0% |
| 2000 | 3.7 % change on previous year | +141.1% |
| 2001 | 1.13 % change on previous year | -69.4% |
| 2002 | 0.9104 % change on previous year | -19.8% |
| 2003 | 1.92 % change on previous year | +110.6% |
| 2004 | 4.88 % change on previous year | +154.8% |
| 2005 | 4.33 % change on previous year | -11.3% |
| 2006 | 5.55 % change on previous year | +28.1% |
| 2007 | 5.74 % change on previous year | +3.4% |
| 2008 | 4.24 % change on previous year | -26.1% |
| 2009 | -0.2841 % change on previous year | -106.7% |
| 2010 | 5.94 % change on previous year | -2189.4% |
| 2011 | 4.61 % change on previous year | -22.3% |
| 2012 | 3.42 % change on previous year | -25.7% |
| 2013 | 2.86 % change on previous year | -16.6% |
| 2014 | 1.82 % change on previous year | -36.4% |
| 2015 | 0.8858 % change on previous year | -51.3% |
| 2016 | 0.5394 % change on previous year | -39.1% |
| 2017 | 2.01 % change on previous year | +272.2% |
| 2018 | 2.35 % change on previous year | +17.3% |
| 2019 | 1.15 % change on previous year | -51.3% |
| 2020 | -6.72 % change on previous year | -685.8% |
| 2021 | 7.08 % change on previous year | -205.2% |
| 2022 | 4.65 % change on previous year | -34.3% |
| 2023 | 2.52 % change on previous year | -45.8% |
| 2024 | 2.51 % change on previous year | -0.4% |
| 2025 | 2.38 % change on previous year | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.92 % change on previous year | 4.51 % change on previous year | 9.38 % change on previous year | 9 |
| 1980s | 2.87 % change on previous year | -0.1951 % change on previous year | 8.59 % change on previous year | 10 |
| 1990s | 3.03 % change on previous year | 0.3998 % change on previous year | 5.58 % change on previous year | 10 |
| 2000s | 3.21 % change on previous year | -0.2841 % change on previous year | 5.74 % change on previous year | 10 |
| 2010s | 2.56 % change on previous year | 0.5394 % change on previous year | 5.94 % change on previous year | 10 |
| 2020s | 2.07 % change on previous year | -6.72 % change on previous year | 7.08 % change on previous year | 6 |
Countries ranked near Latin America & Caribbean
- 34 Eswatini 6.17 % change on previous year compare
- 35 Aruba 6.01 % change on previous year compare
- 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
More economy & growth data for Latin America & Caribbean
- GDP (current US$), annual growth rate 4.33 % change on previous year (2025)
- Imports of goods and services 6.0% (2025)
- Imports of goods and services 26.4% (2025)
- External balance on goods and services -0.3% (2025)
- Trade 49.1% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 8,438 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added 363.36 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Industry (including construction), value added 1.2% (2025)
- Industry (including construction), value added 1.67 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean?
- Services, value added (constant 2015 us$), annual growth rate in Latin America & Caribbean was 2.38 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Latin America & Caribbean?
- The highest recorded value was 9.38 % change on previous year in 1973.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Latin America & Caribbean?
- The lowest recorded value was -6.72 % change on previous year in 2020.
- How does Latin America & Caribbean rank for services, value added (constant 2015 us$), annual growth rate?
- Latin America & Caribbean ranks 37th out of 43 groups with data for 2025.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Latin America & Caribbean?
- 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). 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.