Services, value added in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Services, value added was 4.22 trillion constant 2015 US$ in 2025. ▲ Rising
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Latin America & the Caribbean (IDA & IBRD countries) recorded 4.22 trillion constant 2015 US$ for services, value added in 2025. 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 19.7% over ten years.
Over the whole period, services, value added in Latin America & the Caribbean (IDA & IBRD countries) peaked at 4.22 trillion constant 2015 US$ in 2025 and was at its lowest, 654.73 billion constant 2015 US$, in 1970.
That places Latin America & the Caribbean (IDA & IBRD countries) 17th out of 43 groups with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 654.73 billion constant 2015 US$ | — |
| 1971 | 704.02 billion constant 2015 US$ | +7.5% |
| 1972 | 760.10 billion constant 2015 US$ | +8.0% |
| 1973 | 831.42 billion constant 2015 US$ | +9.4% |
| 1974 | 894.83 billion constant 2015 US$ | +7.6% |
| 1975 | 935.19 billion constant 2015 US$ | +4.5% |
| 1976 | 994.64 billion constant 2015 US$ | +6.4% |
| 1977 | 1.04 trillion constant 2015 US$ | +5.0% |
| 1978 | 1.10 trillion constant 2015 US$ | +5.5% |
| 1979 | 1.19 trillion constant 2015 US$ | +8.3% |
| 1980 | 1.30 trillion constant 2015 US$ | +8.6% |
| 1981 | 1.32 trillion constant 2015 US$ | +1.7% |
| 1982 | 1.33 trillion constant 2015 US$ | +0.9% |
| 1983 | 1.33 trillion constant 2015 US$ | -0.2% |
| 1984 | 1.38 trillion constant 2015 US$ | +3.6% |
| 1985 | 1.42 trillion constant 2015 US$ | +2.9% |
| 1986 | 1.47 trillion constant 2015 US$ | +4.1% |
| 1987 | 1.51 trillion constant 2015 US$ | +2.7% |
| 1988 | 1.54 trillion constant 2015 US$ | +1.8% |
| 1989 | 1.58 trillion constant 2015 US$ | +2.6% |
| 1990 | 1.60 trillion constant 2015 US$ | +1.1% |
| 1991 | 1.66 trillion constant 2015 US$ | +3.8% |
| 1992 | 1.72 trillion constant 2015 US$ | +3.5% |
| 1993 | 1.79 trillion constant 2015 US$ | +4.3% |
| 1994 | 1.86 trillion constant 2015 US$ | +3.6% |
| 1995 | 1.86 trillion constant 2015 US$ | +0.4% |
| 1996 | 1.92 trillion constant 2015 US$ | +3.2% |
| 1997 | 2.03 trillion constant 2015 US$ | +5.7% |
| 1998 | 2.10 trillion constant 2015 US$ | +3.3% |
| 1999 | 2.13 trillion constant 2015 US$ | +1.4% |
| 2000 | 2.21 trillion constant 2015 US$ | +3.7% |
| 2001 | 2.23 trillion constant 2015 US$ | +1.0% |
| 2002 | 2.25 trillion constant 2015 US$ | +0.9% |
| 2003 | 2.30 trillion constant 2015 US$ | +1.9% |
| 2004 | 2.41 trillion constant 2015 US$ | +4.9% |
| 2005 | 2.51 trillion constant 2015 US$ | +4.2% |
| 2006 | 2.64 trillion constant 2015 US$ | +5.4% |
| 2007 | 2.80 trillion constant 2015 US$ | +5.7% |
| 2008 | 2.91 trillion constant 2015 US$ | +4.3% |
| 2009 | 2.91 trillion constant 2015 US$ | -0.3% |
| 2010 | 3.08 trillion constant 2015 US$ | +6.0% |
| 2011 | 3.22 trillion constant 2015 US$ | +4.7% |
| 2012 | 3.34 trillion constant 2015 US$ | +3.5% |
| 2013 | 3.43 trillion constant 2015 US$ | +2.9% |
| 2014 | 3.49 trillion constant 2015 US$ | +1.8% |
| 2015 | 3.52 trillion constant 2015 US$ | +0.8% |
| 2016 | 3.54 trillion constant 2015 US$ | +0.5% |
| 2017 | 3.61 trillion constant 2015 US$ | +2.0% |
| 2018 | 3.70 trillion constant 2015 US$ | +2.4% |
| 2019 | 3.74 trillion constant 2015 US$ | +1.1% |
| 2020 | 3.49 trillion constant 2015 US$ | -6.6% |
| 2021 | 3.74 trillion constant 2015 US$ | +7.1% |
| 2022 | 3.91 trillion constant 2015 US$ | +4.6% |
| 2023 | 4.02 trillion constant 2015 US$ | +2.6% |
| 2024 | 4.12 trillion constant 2015 US$ | +2.6% |
| 2025 | 4.22 trillion constant 2015 US$ | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 911.63 billion constant 2015 US$ | 654.73 billion constant 2015 US$ | 1.19 trillion constant 2015 US$ | 10 |
| 1980s | 1.42 trillion constant 2015 US$ | 1.30 trillion constant 2015 US$ | 1.58 trillion constant 2015 US$ | 10 |
| 1990s | 1.87 trillion constant 2015 US$ | 1.60 trillion constant 2015 US$ | 2.13 trillion constant 2015 US$ | 10 |
| 2000s | 2.52 trillion constant 2015 US$ | 2.21 trillion constant 2015 US$ | 2.91 trillion constant 2015 US$ | 10 |
| 2010s | 3.47 trillion constant 2015 US$ | 3.08 trillion constant 2015 US$ | 3.74 trillion constant 2015 US$ | 10 |
| 2020s | 3.92 trillion constant 2015 US$ | 3.49 trillion constant 2015 US$ | 4.22 trillion constant 2015 US$ | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 14 Mexico 852.73 billion constant 2015 US$ compare
- 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
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Imports of goods and services 1.57 trillion constant 2015 US$ (2025)
- Imports of goods and services 6.0% (2025)
- Imports of goods and services 26.4% (2025)
- External balance on goods and services -0.2% (2025)
- Trade 48.6% (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 8,268 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added 361.29 billion constant 2015 US$ (2025)
- Industry (including construction), value added 1.60 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 2.13 trillion current US$ (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 4.22 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 4.22 trillion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 654.73 billion constant 2015 US$ in 1970.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for services, value added?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 17th 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 19.7%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
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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.