Services, value added (constant 2015 US$) in Latin America & Caribbean
Latin America & Caribbean: Services, value added (constant 2015 US$) was 4.37 trillion constant 2015 US$ in 2025. ▲ Rising
Services, value added in Latin America & Caribbean, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, services, value added in Latin America & Caribbean stood at 4.37 trillion constant 2015 US$. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 2.4% on the previous year and up 19.4% over ten years.
Over the whole period, services, value added in Latin America & Caribbean peaked at 4.37 trillion constant 2015 US$ in 2025 and was at its lowest, 678.66 billion constant 2015 US$, in 1970.
Latin America & Caribbean ranks 16th of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Services, value added (constant 2015 US$) in Latin America & Caribbean, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 678.66 billion constant 2015 US$ | — |
| 1971 | 729.75 billion constant 2015 US$ | +7.5% |
| 1972 | 787.88 billion constant 2015 US$ | +8.0% |
| 1973 | 861.80 billion constant 2015 US$ | +9.4% |
| 1974 | 927.53 billion constant 2015 US$ | +7.6% |
| 1975 | 969.36 billion constant 2015 US$ | +4.5% |
| 1976 | 1.03 trillion constant 2015 US$ | +6.4% |
| 1977 | 1.08 trillion constant 2015 US$ | +5.0% |
| 1978 | 1.14 trillion constant 2015 US$ | +5.5% |
| 1979 | 1.24 trillion constant 2015 US$ | +8.3% |
| 1980 | 1.34 trillion constant 2015 US$ | +8.6% |
| 1981 | 1.37 trillion constant 2015 US$ | +1.7% |
| 1982 | 1.38 trillion constant 2015 US$ | +0.9% |
| 1983 | 1.38 trillion constant 2015 US$ | -0.2% |
| 1984 | 1.43 trillion constant 2015 US$ | +3.6% |
| 1985 | 1.47 trillion constant 2015 US$ | +2.9% |
| 1986 | 1.53 trillion constant 2015 US$ | +4.1% |
| 1987 | 1.57 trillion constant 2015 US$ | +2.7% |
| 1988 | 1.60 trillion constant 2015 US$ | +1.8% |
| 1989 | 1.64 trillion constant 2015 US$ | +2.6% |
| 1990 | 1.66 trillion constant 2015 US$ | +1.1% |
| 1991 | 1.72 trillion constant 2015 US$ | +3.7% |
| 1992 | 1.78 trillion constant 2015 US$ | +3.5% |
| 1993 | 1.86 trillion constant 2015 US$ | +4.3% |
| 1994 | 1.92 trillion constant 2015 US$ | +3.6% |
| 1995 | 1.93 trillion constant 2015 US$ | +0.4% |
| 1996 | 1.99 trillion constant 2015 US$ | +3.2% |
| 1997 | 2.10 trillion constant 2015 US$ | +5.6% |
| 1998 | 2.17 trillion constant 2015 US$ | +3.3% |
| 1999 | 2.21 trillion constant 2015 US$ | +1.5% |
| 2000 | 2.29 trillion constant 2015 US$ | +3.7% |
| 2001 | 2.31 trillion constant 2015 US$ | +1.1% |
| 2002 | 2.34 trillion constant 2015 US$ | +0.9% |
| 2003 | 2.38 trillion constant 2015 US$ | +1.9% |
| 2004 | 2.50 trillion constant 2015 US$ | +4.9% |
| 2005 | 2.60 trillion constant 2015 US$ | +4.3% |
| 2006 | 2.75 trillion constant 2015 US$ | +5.6% |
| 2007 | 2.91 trillion constant 2015 US$ | +5.7% |
| 2008 | 3.03 trillion constant 2015 US$ | +4.2% |
| 2009 | 3.02 trillion constant 2015 US$ | -0.3% |
| 2010 | 3.20 trillion constant 2015 US$ | +5.9% |
| 2011 | 3.35 trillion constant 2015 US$ | +4.6% |
| 2012 | 3.46 trillion constant 2015 US$ | +3.4% |
| 2013 | 3.56 trillion constant 2015 US$ | +2.9% |
| 2014 | 3.63 trillion constant 2015 US$ | +1.8% |
| 2015 | 3.66 trillion constant 2015 US$ | +0.9% |
| 2016 | 3.68 trillion constant 2015 US$ | +0.5% |
| 2017 | 3.75 trillion constant 2015 US$ | +2.0% |
| 2018 | 3.84 trillion constant 2015 US$ | +2.4% |
| 2019 | 3.89 trillion constant 2015 US$ | +1.1% |
| 2020 | 3.62 trillion constant 2015 US$ | -6.7% |
| 2021 | 3.88 trillion constant 2015 US$ | +7.1% |
| 2022 | 4.06 trillion constant 2015 US$ | +4.7% |
| 2023 | 4.16 trillion constant 2015 US$ | +2.5% |
| 2024 | 4.27 trillion constant 2015 US$ | +2.5% |
| 2025 | 4.37 trillion constant 2015 US$ | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 944.95 billion constant 2015 US$ | 678.66 billion constant 2015 US$ | 1.24 trillion constant 2015 US$ | 10 |
| 1980s | 1.47 trillion constant 2015 US$ | 1.34 trillion constant 2015 US$ | 1.64 trillion constant 2015 US$ | 10 |
| 1990s | 1.93 trillion constant 2015 US$ | 1.66 trillion constant 2015 US$ | 2.21 trillion constant 2015 US$ | 10 |
| 2000s | 2.61 trillion constant 2015 US$ | 2.29 trillion constant 2015 US$ | 3.03 trillion constant 2015 US$ | 10 |
| 2010s | 3.60 trillion constant 2015 US$ | 3.20 trillion constant 2015 US$ | 3.89 trillion constant 2015 US$ | 10 |
| 2020s | 4.06 trillion constant 2015 US$ | 3.62 trillion constant 2015 US$ | 4.37 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean
- 13 Russia 951.93 billion constant 2015 US$ compare
- 14 Mexico 852.73 billion constant 2015 US$ compare
- 15 Turkey 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
More economy & growth data for Latin America & Caribbean
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.45 BoP, current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0082 BoP, current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,410 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5777 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Latin America & Caribbean?
- Services, value added in Latin America & Caribbean was 4.37 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?
- The highest recorded value was 4.37 trillion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Latin America & Caribbean?
- The lowest recorded value was 678.66 billion constant 2015 US$ in 1970.
- How does Latin America & Caribbean rank for services, value added?
- Latin America & Caribbean ranks 16th 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 19.4%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.