Services, value added (current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Services, value added (current US$), annual growth rate was 5.17 % change on previous year in 2025. ◆ Volatile
Services, value added (current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries), 1979–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries) is 5.17 % change on previous year, measured in 2025.
Compared with earlier readings it is up 93.5% on the previous year and up 139.0% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries) peaked at 27.77 % change on previous year in 1980 and was at its lowest, -16.65 % change on previous year, in 2020.
That places Latin America & the Caribbean (IDA & IBRD countries) 38th out of 47 groups with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1979 | -8.7 % change on previous year | — |
| 1980 | 27.77 % change on previous year | -419.2% |
| 1981 | 18.57 % change on previous year | -33.1% |
| 1982 | -10.73 % change on previous year | -157.8% |
| 1983 | -13.39 % change on previous year | +24.8% |
| 1984 | 1.68 % change on previous year | -112.6% |
| 1985 | -2.14 % change on previous year | -227.5% |
| 1986 | -2.01 % change on previous year | -6.1% |
| 1987 | 4.15 % change on previous year | -306.5% |
| 1988 | 16.68 % change on previous year | +301.6% |
| 1989 | 13.29 % change on previous year | -20.3% |
| 1990 | 24.48 % change on previous year | +84.2% |
| 1991 | 9.53 % change on previous year | -61.1% |
| 1992 | 15.81 % change on previous year | +66.0% |
| 1993 | 19.44 % change on previous year | +22.9% |
| 1994 | 9.64 % change on previous year | -50.4% |
| 1995 | 7.95 % change on previous year | -17.6% |
| 1996 | 11.2 % change on previous year | +40.9% |
| 1997 | 9.18 % change on previous year | -18.0% |
| 1998 | 1.69 % change on previous year | -81.5% |
| 1999 | -11.39 % change on previous year | -772.4% |
| 2000 | 9.25 % change on previous year | -181.2% |
| 2001 | -2.13 % change on previous year | -123.0% |
| 2002 | -11.64 % change on previous year | +447.7% |
| 2003 | 1.88 % change on previous year | -116.2% |
| 2004 | 11.7 % change on previous year | +521.8% |
| 2005 | 21.69 % change on previous year | +85.4% |
| 2006 | 16.37 % change on previous year | -24.5% |
| 2007 | 18.61 % change on previous year | +13.7% |
| 2008 | 15.07 % change on previous year | -19.0% |
| 2009 | -4.04 % change on previous year | -126.8% |
| 2010 | 22.78 % change on previous year | -663.3% |
| 2011 | 15.92 % change on previous year | -30.1% |
| 2012 | 1.5 % change on previous year | -90.6% |
| 2013 | 4.43 % change on previous year | +194.8% |
| 2014 | 1.03 % change on previous year | -76.8% |
| 2015 | -13.28 % change on previous year | -1390.2% |
| 2016 | -1.9 % change on previous year | -85.7% |
| 2017 | 11.71 % change on previous year | -715.9% |
| 2018 | -2.99 % change on previous year | -125.6% |
| 2019 | -1.25 % change on previous year | -58.2% |
| 2020 | -16.65 % change on previous year | +1230.8% |
| 2021 | 11.18 % change on previous year | -167.1% |
| 2022 | 14.26 % change on previous year | +27.5% |
| 2023 | 13.85 % change on previous year | -2.9% |
| 2024 | 2.67 % change on previous year | -80.7% |
| 2025 | 5.17 % change on previous year | +93.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -8.7 % change on previous year | -8.7 % change on previous year | -8.7 % change on previous year | 1 |
| 1980s | 5.39 % change on previous year | -13.39 % change on previous year | 27.77 % change on previous year | 10 |
| 1990s | 9.75 % change on previous year | -11.39 % change on previous year | 24.48 % change on previous year | 10 |
| 2000s | 7.68 % change on previous year | -11.64 % change on previous year | 21.69 % change on previous year | 10 |
| 2010s | 3.8 % change on previous year | -13.28 % change on previous year | 22.78 % change on previous year | 10 |
| 2020s | 5.08 % change on previous year | -16.65 % change on previous year | 14.26 % change on previous year | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 35 Samoa 13.85 % change on previous year compare
- 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
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Exports of goods and services (current US$), per unit of GDP 0.2611 current US$ per US$ of GDP (2025)
- Exports of goods and services (current US$), annual growth rate 6.39 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per capita 9,153 constant 2015 US$ per person (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.8457 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 2.55 % change on previous year (2025)
- Gross national expenditure (current US$), per capita 10,922 current US$ per person (2025)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), annual growth rate 4.04 % change on previous year (2025)
- Final consumption expenditure (constant 2015 US$), per capita 7,444 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.18 % change on previous year (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries)?
- Services, value added (current us$), annual growth rate in Latin America & the Caribbean (IDA & IBRD countries) was 5.17 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 27.77 % change on previous year in 1980.
- What is the lowest services, value added (current us$), annual growth rate recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was -16.65 % change on previous year in 2020.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for services, value added (current us$), annual growth rate?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 38th out of 47 groups with data for 2025.
- Is services, value added (current us$), annual growth rate rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 139.0%. The long-run trend across the full record is volatile.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), 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.