Services, value added in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Services, value added was 4.52 trillion current US$ in 2025. ◆ Volatile
Services, value added in Latin America & Caribbean (excluding high income), 1978–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, services, value added in Latin America & Caribbean (excluding high income) stood at 4.52 trillion current US$. That is the highest value across all 48 years on record.
That represents a change of up 5.0% on the previous year and up 36.5% over ten years.
Over the whole period, services, value added in Latin America & Caribbean (excluding high income) peaked at 4.52 trillion current US$ in 2025 and was at its lowest, 331.07 billion current US$, in 1979.
That places Latin America & Caribbean (excluding high income) 19th out of 45 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Latin America & Caribbean (excluding high income), year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 370.00 billion current US$ | — |
| 1979 | 331.07 billion current US$ | -10.5% |
| 1980 | 422.11 billion current US$ | +27.5% |
| 1981 | 501.78 billion current US$ | +18.9% |
| 1982 | 452.31 billion current US$ | -9.9% |
| 1983 | 388.79 billion current US$ | -14.0% |
| 1984 | 396.81 billion current US$ | +2.1% |
| 1985 | 388.44 billion current US$ | -2.1% |
| 1986 | 379.20 billion current US$ | -2.4% |
| 1987 | 393.47 billion current US$ | +3.8% |
| 1988 | 463.05 billion current US$ | +17.7% |
| 1989 | 525.47 billion current US$ | +13.5% |
| 1990 | 658.85 billion current US$ | +25.4% |
| 1991 | 720.42 billion current US$ | +9.3% |
| 1992 | 832.74 billion current US$ | +15.6% |
| 1993 | 998.96 billion current US$ | +20.0% |
| 1994 | 1.09 trillion current US$ | +9.5% |
| 1995 | 1.17 trillion current US$ | +7.4% |
| 1996 | 1.31 trillion current US$ | +11.2% |
| 1997 | 1.42 trillion current US$ | +9.0% |
| 1998 | 1.45 trillion current US$ | +1.7% |
| 1999 | 1.28 trillion current US$ | -11.7% |
| 2000 | 1.40 trillion current US$ | +9.7% |
| 2001 | 1.38 trillion current US$ | -1.9% |
| 2002 | 1.22 trillion current US$ | -11.7% |
| 2003 | 1.24 trillion current US$ | +1.9% |
| 2004 | 1.38 trillion current US$ | +11.1% |
| 2005 | 1.68 trillion current US$ | +21.9% |
| 2006 | 1.95 trillion current US$ | +16.4% |
| 2007 | 2.31 trillion current US$ | +18.6% |
| 2008 | 2.66 trillion current US$ | +14.8% |
| 2009 | 2.54 trillion current US$ | -4.2% |
| 2010 | 3.12 trillion current US$ | +22.6% |
| 2011 | 3.61 trillion current US$ | +15.9% |
| 2012 | 3.64 trillion current US$ | +0.8% |
| 2013 | 3.79 trillion current US$ | +4.2% |
| 2014 | 3.85 trillion current US$ | +1.4% |
| 2015 | 3.31 trillion current US$ | -14.0% |
| 2016 | 3.23 trillion current US$ | -2.3% |
| 2017 | 3.62 trillion current US$ | +11.9% |
| 2018 | 3.48 trillion current US$ | -3.6% |
| 2019 | 3.45 trillion current US$ | -1.1% |
| 2020 | 2.87 trillion current US$ | -16.6% |
| 2021 | 3.18 trillion current US$ | +10.7% |
| 2022 | 3.68 trillion current US$ | +15.6% |
| 2023 | 4.18 trillion current US$ | +13.7% |
| 2024 | 4.30 trillion current US$ | +2.9% |
| 2025 | 4.52 trillion current US$ | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 350.53 billion current US$ | 331.07 billion current US$ | 370.00 billion current US$ | 2 |
| 1980s | 431.14 billion current US$ | 379.20 billion current US$ | 525.47 billion current US$ | 10 |
| 1990s | 1.09 trillion current US$ | 658.85 billion current US$ | 1.45 trillion current US$ | 10 |
| 2000s | 1.78 trillion current US$ | 1.22 trillion current US$ | 2.66 trillion current US$ | 10 |
| 2010s | 3.51 trillion current US$ | 3.12 trillion current US$ | 3.85 trillion current US$ | 10 |
| 2020s | 3.79 trillion current US$ | 2.87 trillion current US$ | 4.52 trillion current US$ | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 16 Turkey 949.18 billion current US$ compare
- 17 Netherlands 938.42 billion current US$ compare
- 18 Switzerland 748.70 billion current US$ compare
- 19 Indonesia 635.24 billion current US$ compare
- 20 Saudi Arabia 624.75 billion current US$ compare
- 21 Poland 618.60 billion current US$ compare
- 22 Belgium 516.76 billion current US$ compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Inflation, GDP deflator 4.9% (2025)
- Manufacturing, value added 17.6% (2025)
- Industry (including construction), value added 1.97 trillion current US$ (2025)
- Industry (including construction), value added 1.45 trillion constant 2015 US$ (2025)
- Trade in services 7.9% (2025)
- Industry (including construction), value added 30.2% (2025)
- Services, value added 3.91 trillion constant 2015 US$ (2025)
- Services, value added 2.3% (2025)
- Services, value added 69.2% (2025)
- GDP per capita 8,434 constant 2015 US$ (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is services, value added in Latin America & Caribbean (excluding high income)?
- Services, value added in Latin America & Caribbean (excluding high income) was 4.52 trillion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 4.52 trillion current US$ in 2025.
- What is the lowest services, value added recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 331.07 billion current US$ in 1979.
- How does Latin America & Caribbean (excluding high income) rank for services, value added?
- Latin America & Caribbean (excluding high income) ranks 19th out of 45 groups with data for 2025.
- Is services, value added rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 36.5%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current 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 defence, 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.