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% |
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 Côte 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
- Gross capital formation 19.0% (2025)
- Gross fixed capital formation 1.14 trillion constant 2015 US$ (2025)
- Gross fixed capital formation 1.9% (2025)
- Gross fixed capital formation 18.7% (2025)
- Gross capital formation 1.40 trillion current US$ (2025)
- Gross capital formation 1.14 trillion constant 2015 US$ (2025)
- Gross capital formation 3.1% (2025)
- Imports of goods and services 6.0% (2025)
- External balance on goods and services -0.3% (2025)
- Imports of goods and services 26.4% (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.