Services, value added (current US$), annual growth rate in Latin America & Caribbean
Latin America & Caribbean: Services, value added (current US$), annual growth rate was 5.13 % change on previous year in 2025. ◆ Volatile
Services, value added (current US$), annual growth rate in Latin America & Caribbean, 1979–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latin America & Caribbean recorded 5.13 % change on previous year for services, value added (current us$), annual growth rate in 2025.
The figure is up 86.8% on the previous year and up 140.5% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Latin America & Caribbean peaked at 27.32 % change on previous year in 1980 and was at its lowest, -15.81 % change on previous year, in 2020.
That places Latin America & Caribbean 39th out of 47 groups with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Latin America & Caribbean, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1979 | -8.29 % change on previous year | — |
| 1980 | 27.32 % change on previous year | -429.3% |
| 1981 | 18.34 % change on previous year | -32.9% |
| 1982 | -10.37 % change on previous year | -156.5% |
| 1983 | -12.94 % change on previous year | +24.8% |
| 1984 | 1.9 % change on previous year | -114.7% |
| 1985 | -1.83 % change on previous year | -196.4% |
| 1986 | -1.63 % change on previous year | -11.1% |
| 1987 | 4.4 % change on previous year | -370.8% |
| 1988 | 16.39 % change on previous year | +272.4% |
| 1989 | 13.04 % change on previous year | -20.4% |
| 1990 | 23.87 % change on previous year | +83.0% |
| 1991 | 9.39 % change on previous year | -60.7% |
| 1992 | 15.46 % change on previous year | +64.7% |
| 1993 | 18.79 % change on previous year | +21.6% |
| 1994 | 9.79 % change on previous year | -47.9% |
| 1995 | 7.95 % change on previous year | -18.8% |
| 1996 | 11.08 % change on previous year | +39.4% |
| 1997 | 9.22 % change on previous year | -16.8% |
| 1998 | 1.89 % change on previous year | -79.5% |
| 1999 | -10.56 % change on previous year | -658.2% |
| 2000 | 8.95 % change on previous year | -184.8% |
| 2001 | -1.72 % change on previous year | -119.2% |
| 2002 | -10.77 % change on previous year | +527.2% |
| 2003 | 2.13 % change on previous year | -119.8% |
| 2004 | 11.34 % change on previous year | +432.0% |
| 2005 | 21.03 % change on previous year | +85.3% |
| 2006 | 15.89 % change on previous year | -24.4% |
| 2007 | 17.98 % change on previous year | +13.2% |
| 2008 | 14.49 % change on previous year | -19.4% |
| 2009 | -3.91 % change on previous year | -127.0% |
| 2010 | 21.82 % change on previous year | -657.4% |
| 2011 | 15.62 % change on previous year | -28.4% |
| 2012 | 1.55 % change on previous year | -90.1% |
| 2013 | 4.4 % change on previous year | +184.4% |
| 2014 | 1.11 % change on previous year | -74.9% |
| 2015 | -12.67 % change on previous year | -1245.8% |
| 2016 | -1.7 % change on previous year | -86.6% |
| 2017 | 11.28 % change on previous year | -762.5% |
| 2018 | -2.81 % change on previous year | -124.9% |
| 2019 | -1.07 % change on previous year | -61.8% |
| 2020 | -15.81 % change on previous year | +1370.6% |
| 2021 | 11.02 % change on previous year | -169.7% |
| 2022 | 14.21 % change on previous year | +28.9% |
| 2023 | 13.67 % change on previous year | -3.8% |
| 2024 | 2.75 % change on previous year | -79.9% |
| 2025 | 5.13 % change on previous year | +86.8% |
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Latin America & Caribbean changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -1370.6% | -1.07 % change on previous year | -15.81 % change on previous year |
| 2015 | -1245.8% | 1.11 % change on previous year | -12.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -8.29 % change on previous year | -8.29 % change on previous year | -8.29 % change on previous year | 1 |
| 1980s | 5.46 % change on previous year | -12.94 % change on previous year | 27.32 % change on previous year | 10 |
| 1990s | 9.69 % change on previous year | -10.56 % change on previous year | 23.87 % change on previous year | 10 |
| 2000s | 7.54 % change on previous year | -10.77 % change on previous year | 21.03 % change on previous year | 10 |
| 2010s | 3.75 % change on previous year | -12.67 % change on previous year | 21.82 % change on previous year | 10 |
| 2020s | 5.16 % change on previous year | -15.81 % change on previous year | 14.21 % change on previous year | 6 |
Countries ranked near Latin America & Caribbean
- 36 Czechia 13.83 % change on previous year compare
- 37 Zambia 13.82 % change on previous year compare
- 38 Palau 13.55 % change on previous year compare
- 39 Ukraine 13.37 % change on previous year compare
- 40 Croatia 13.16 % change on previous year compare
- 41 Cote d'Ivoire 13.01 % change on previous year compare
- 42 Guyana 12.82 % change on previous year compare
More economy & growth data for Latin America & Caribbean
- Industry (including construction), value added (current US$), annual 1.51 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 545.1 constant 2015 US$ per person (2025)
- Manufacturing, value added (current US$), per unit of GDP 0.1709 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,896 current US$ per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1294 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,436 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.18 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 2,503 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2256 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0491 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Latin America & Caribbean?
- Services, value added (current us$), annual growth rate in Latin America & Caribbean was 5.13 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Latin America & Caribbean?
- The highest recorded value was 27.32 % change on previous year in 1980.
- What is the lowest services, value added (current us$), annual growth rate recorded in Latin America & Caribbean?
- The lowest recorded value was -15.81 % change on previous year in 2020.
- How does Latin America & Caribbean rank for services, value added (current us$), annual growth rate?
- Latin America & Caribbean ranks 39th out of 47 groups with data for 2025.
- Is services, value added (current us$), annual growth rate rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 140.5%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.