Services, value added in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Services, value added was 3.91 trillion constant 2015 US$ in 2025. ▲ Rising
Services, value added in Latin America & Caribbean (excluding high income), 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Latin America & Caribbean (excluding high income) is 3.91 trillion constant 2015 US$, measured in 2025. That is the highest value across all 56 years on record.
That represents a change of up 2.3% on the previous year and up 18.1% over ten years.
Over the whole period, services, value added in Latin America & Caribbean (excluding high income) peaked at 3.91 trillion constant 2015 US$ in 2025 and was at its lowest, 628.37 billion constant 2015 US$, in 1970.
That places Latin America & Caribbean (excluding high income) 18th out of 43 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Services, value added in Latin America & Caribbean (excluding high income), year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 628.37 billion constant 2015 US$ | — |
| 1971 | 675.07 billion constant 2015 US$ | +7.4% |
| 1972 | 730.91 billion constant 2015 US$ | +8.3% |
| 1973 | 803.27 billion constant 2015 US$ | +9.9% |
| 1974 | 868.02 billion constant 2015 US$ | +8.1% |
| 1975 | 910.57 billion constant 2015 US$ | +4.9% |
| 1976 | 969.63 billion constant 2015 US$ | +6.5% |
| 1977 | 1.02 trillion constant 2015 US$ | +4.9% |
| 1978 | 1.07 trillion constant 2015 US$ | +5.4% |
| 1979 | 1.16 trillion constant 2015 US$ | +8.4% |
| 1980 | 1.26 trillion constant 2015 US$ | +8.6% |
| 1981 | 1.28 trillion constant 2015 US$ | +1.5% |
| 1982 | 1.30 trillion constant 2015 US$ | +1.2% |
| 1983 | 1.30 trillion constant 2015 US$ | +0.0% |
| 1984 | 1.34 trillion constant 2015 US$ | +3.7% |
| 1985 | 1.38 trillion constant 2015 US$ | +2.9% |
| 1986 | 1.44 trillion constant 2015 US$ | +4.0% |
| 1987 | 1.48 trillion constant 2015 US$ | +2.7% |
| 1988 | 1.50 trillion constant 2015 US$ | +1.8% |
| 1989 | 1.54 trillion constant 2015 US$ | +2.3% |
| 1990 | 1.56 trillion constant 2015 US$ | +1.0% |
| 1991 | 1.61 trillion constant 2015 US$ | +3.8% |
| 1992 | 1.67 trillion constant 2015 US$ | +3.2% |
| 1993 | 1.74 trillion constant 2015 US$ | +4.2% |
| 1994 | 1.80 trillion constant 2015 US$ | +3.5% |
| 1995 | 1.80 trillion constant 2015 US$ | +0.1% |
| 1996 | 1.86 trillion constant 2015 US$ | +3.5% |
| 1997 | 1.95 trillion constant 2015 US$ | +4.8% |
| 1998 | 2.01 trillion constant 2015 US$ | +3.2% |
| 1999 | 2.04 trillion constant 2015 US$ | +1.5% |
| 2000 | 2.12 trillion constant 2015 US$ | +3.7% |
| 2001 | 2.14 trillion constant 2015 US$ | +1.0% |
| 2002 | 2.16 trillion constant 2015 US$ | +0.8% |
| 2003 | 2.19 trillion constant 2015 US$ | +1.8% |
| 2004 | 2.30 trillion constant 2015 US$ | +4.7% |
| 2005 | 2.39 trillion constant 2015 US$ | +4.2% |
| 2006 | 2.52 trillion constant 2015 US$ | +5.3% |
| 2007 | 2.66 trillion constant 2015 US$ | +5.5% |
| 2008 | 2.77 trillion constant 2015 US$ | +4.0% |
| 2009 | 2.76 trillion constant 2015 US$ | -0.3% |
| 2010 | 2.92 trillion constant 2015 US$ | +5.9% |
| 2011 | 3.05 trillion constant 2015 US$ | +4.4% |
| 2012 | 3.15 trillion constant 2015 US$ | +3.2% |
| 2013 | 3.23 trillion constant 2015 US$ | +2.8% |
| 2014 | 3.29 trillion constant 2015 US$ | +1.7% |
| 2015 | 3.31 trillion constant 2015 US$ | +0.7% |
| 2016 | 3.32 trillion constant 2015 US$ | +0.4% |
| 2017 | 3.39 trillion constant 2015 US$ | +1.9% |
| 2018 | 3.46 trillion constant 2015 US$ | +2.3% |
| 2019 | 3.50 trillion constant 2015 US$ | +1.0% |
| 2020 | 3.27 trillion constant 2015 US$ | -6.5% |
| 2021 | 3.49 trillion constant 2015 US$ | +6.6% |
| 2022 | 3.64 trillion constant 2015 US$ | +4.4% |
| 2023 | 3.73 trillion constant 2015 US$ | +2.5% |
| 2024 | 3.82 trillion constant 2015 US$ | +2.4% |
| 2025 | 3.91 trillion constant 2015 US$ | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 883.51 billion constant 2015 US$ | 628.37 billion constant 2015 US$ | 1.16 trillion constant 2015 US$ | 10 |
| 1980s | 1.38 trillion constant 2015 US$ | 1.26 trillion constant 2015 US$ | 1.54 trillion constant 2015 US$ | 10 |
| 1990s | 1.80 trillion constant 2015 US$ | 1.56 trillion constant 2015 US$ | 2.04 trillion constant 2015 US$ | 10 |
| 2000s | 2.40 trillion constant 2015 US$ | 2.12 trillion constant 2015 US$ | 2.77 trillion constant 2015 US$ | 10 |
| 2010s | 3.26 trillion constant 2015 US$ | 2.92 trillion constant 2015 US$ | 3.50 trillion constant 2015 US$ | 10 |
| 2020s | 3.64 trillion constant 2015 US$ | 3.27 trillion constant 2015 US$ | 3.91 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 15 Türkiye 770.33 billion constant 2015 US$ compare
- 16 Netherlands 667.59 billion constant 2015 US$ compare
- 17 Indonesia 610.27 billion constant 2015 US$ compare
- 18 Switzerland 589.77 billion constant 2015 US$ compare
- 19 Saudi Arabia 560.15 billion constant 2015 US$ compare
- 20 Poland 406.23 billion constant 2015 US$ compare
- 21 Sweden 391.76 billion constant 2015 US$ compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.14 % change on previous year (2025)
- Imports of goods and services 5.7% (2025)
- Imports of goods and services 25.3% (2025)
- External balance on goods and services -0.7% (2025)
- Trade 47.5% (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,623 current US$ per person (2025)
- Agriculture, forestry, and fishing, value added 339.15 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 7.3% (2025)
- Industry (including construction), value added 30.2% (2025)
- Industry (including construction), value added 0.7% (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is services, value added in Latin America & Caribbean (excluding high income)?
- Services, value added in Latin America & Caribbean (excluding high income) was 3.91 trillion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 3.91 trillion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 628.37 billion constant 2015 US$ in 1970.
- How does Latin America & Caribbean (excluding high income) rank for services, value added?
- Latin America & Caribbean (excluding high income) ranks 18th out of 43 groups with data for 2025.
- Is services, value added rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 18.1%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). 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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.