Services, value added (current US$) in Latin America & Caribbean
Latin America & Caribbean: Services, value added (current US$) was 5.04 trillion current US$ in 2025. ◆ Volatile
Services, value added in Latin America & Caribbean, 1978–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latin America & Caribbean recorded 5.04 trillion current US$ for services, value added in 2025. That is the highest value across all 48 years on record.
The figure is up 5.1% on the previous year and up 37.8% over ten years.
Over the whole period, services, value added in Latin America & Caribbean peaked at 5.04 trillion current US$ in 2025 and was at its lowest, 362.62 billion current US$, in 1979.
That places Latin America & Caribbean 19th out of 47 groups with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) in Latin America & Caribbean, year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 395.41 billion current US$ | — |
| 1979 | 362.62 billion current US$ | -8.3% |
| 1980 | 461.67 billion current US$ | +27.3% |
| 1981 | 546.32 billion current US$ | +18.3% |
| 1982 | 489.68 billion current US$ | -10.4% |
| 1983 | 426.32 billion current US$ | -12.9% |
| 1984 | 434.40 billion current US$ | +1.9% |
| 1985 | 426.46 billion current US$ | -1.8% |
| 1986 | 419.53 billion current US$ | -1.6% |
| 1987 | 438.00 billion current US$ | +4.4% |
| 1988 | 509.78 billion current US$ | +16.4% |
| 1989 | 576.25 billion current US$ | +13.0% |
| 1990 | 713.78 billion current US$ | +23.9% |
| 1991 | 780.77 billion current US$ | +9.4% |
| 1992 | 901.47 billion current US$ | +15.5% |
| 1993 | 1.07 trillion current US$ | +18.8% |
| 1994 | 1.18 trillion current US$ | +9.8% |
| 1995 | 1.27 trillion current US$ | +7.9% |
| 1996 | 1.41 trillion current US$ | +11.1% |
| 1997 | 1.54 trillion current US$ | +9.2% |
| 1998 | 1.57 trillion current US$ | +1.9% |
| 1999 | 1.40 trillion current US$ | -10.6% |
| 2000 | 1.53 trillion current US$ | +8.9% |
| 2001 | 1.50 trillion current US$ | -1.7% |
| 2002 | 1.34 trillion current US$ | -10.8% |
| 2003 | 1.37 trillion current US$ | +2.1% |
| 2004 | 1.52 trillion current US$ | +11.3% |
| 2005 | 1.85 trillion current US$ | +21.0% |
| 2006 | 2.14 trillion current US$ | +15.9% |
| 2007 | 2.52 trillion current US$ | +18.0% |
| 2008 | 2.89 trillion current US$ | +14.5% |
| 2009 | 2.78 trillion current US$ | -3.9% |
| 2010 | 3.38 trillion current US$ | +21.8% |
| 2011 | 3.91 trillion current US$ | +15.6% |
| 2012 | 3.97 trillion current US$ | +1.5% |
| 2013 | 4.14 trillion current US$ | +4.4% |
| 2014 | 4.19 trillion current US$ | +1.1% |
| 2015 | 3.66 trillion current US$ | -12.7% |
| 2016 | 3.60 trillion current US$ | -1.7% |
| 2017 | 4.00 trillion current US$ | +11.3% |
| 2018 | 3.89 trillion current US$ | -2.8% |
| 2019 | 3.85 trillion current US$ | -1.1% |
| 2020 | 3.24 trillion current US$ | -15.8% |
| 2021 | 3.60 trillion current US$ | +11.0% |
| 2022 | 4.11 trillion current US$ | +14.2% |
| 2023 | 4.67 trillion current US$ | +13.7% |
| 2024 | 4.80 trillion current US$ | +2.7% |
| 2025 | 5.04 trillion current US$ | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 379.01 billion current US$ | 362.62 billion current US$ | 395.41 billion current US$ | 2 |
| 1980s | 472.84 billion current US$ | 419.53 billion current US$ | 576.25 billion current US$ | 10 |
| 1990s | 1.18 trillion current US$ | 713.78 billion current US$ | 1.57 trillion current US$ | 10 |
| 2000s | 1.94 trillion current US$ | 1.34 trillion current US$ | 2.89 trillion current US$ | 10 |
| 2010s | 3.86 trillion current US$ | 3.38 trillion current US$ | 4.19 trillion current US$ | 10 |
| 2020s | 4.24 trillion current US$ | 3.24 trillion current US$ | 5.04 trillion current US$ | 6 |
Countries ranked near Latin America & Caribbean
- 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
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.45 BoP, current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0082 BoP, current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,410 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5777 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Latin America & Caribbean?
- Services, value added in Latin America & Caribbean was 5.04 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?
- The highest recorded value was 5.04 trillion current US$ in 2025.
- What is the lowest services, value added recorded in Latin America & Caribbean?
- The lowest recorded value was 362.62 billion current US$ in 1979.
- How does Latin America & Caribbean rank for services, value added?
- Latin America & Caribbean ranks 19th out of 47 groups with data for 2025.
- Is services, value added rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 37.8%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.