Services, value added in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Services, value added was 4.81 trillion current US$ in 2025. ◆ Volatile
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), 1978–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Latin America & the Caribbean (IDA & IBRD countries) recorded 4.81 trillion current US$ for services, value added in 2025. That is the highest value across all 48 years on record.
The figure is up 5.2% on the previous year and up 36.6% over ten years.
Over the whole period, services, value added in Latin America & the Caribbean (IDA & IBRD countries) peaked at 4.81 trillion current US$ in 2025 and was at its lowest, 348.05 billion current US$, in 1979.
Latin America & the Caribbean (IDA & IBRD countries) ranks 18th of 45 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 381.21 billion current US$ | — |
| 1979 | 348.05 billion current US$ | -8.7% |
| 1980 | 444.71 billion current US$ | +27.8% |
| 1981 | 527.30 billion current US$ | +18.6% |
| 1982 | 470.73 billion current US$ | -10.7% |
| 1983 | 407.70 billion current US$ | -13.4% |
| 1984 | 414.55 billion current US$ | +1.7% |
| 1985 | 405.66 billion current US$ | -2.1% |
| 1986 | 397.50 billion current US$ | -2.0% |
| 1987 | 414.02 billion current US$ | +4.2% |
| 1988 | 483.09 billion current US$ | +16.7% |
| 1989 | 547.30 billion current US$ | +13.3% |
| 1990 | 681.30 billion current US$ | +24.5% |
| 1991 | 746.21 billion current US$ | +9.5% |
| 1992 | 864.20 billion current US$ | +15.8% |
| 1993 | 1.03 trillion current US$ | +19.4% |
| 1994 | 1.13 trillion current US$ | +9.6% |
| 1995 | 1.22 trillion current US$ | +7.9% |
| 1996 | 1.36 trillion current US$ | +11.2% |
| 1997 | 1.48 trillion current US$ | +9.2% |
| 1998 | 1.51 trillion current US$ | +1.7% |
| 1999 | 1.34 trillion current US$ | -11.4% |
| 2000 | 1.46 trillion current US$ | +9.3% |
| 2001 | 1.43 trillion current US$ | -2.1% |
| 2002 | 1.26 trillion current US$ | -11.6% |
| 2003 | 1.29 trillion current US$ | +1.9% |
| 2004 | 1.44 trillion current US$ | +11.7% |
| 2005 | 1.75 trillion current US$ | +21.7% |
| 2006 | 2.03 trillion current US$ | +16.4% |
| 2007 | 2.41 trillion current US$ | +18.6% |
| 2008 | 2.78 trillion current US$ | +15.1% |
| 2009 | 2.66 trillion current US$ | -4.0% |
| 2010 | 3.27 trillion current US$ | +22.8% |
| 2011 | 3.79 trillion current US$ | +15.9% |
| 2012 | 3.85 trillion current US$ | +1.5% |
| 2013 | 4.02 trillion current US$ | +4.4% |
| 2014 | 4.06 trillion current US$ | +1.0% |
| 2015 | 3.52 trillion current US$ | -13.3% |
| 2016 | 3.46 trillion current US$ | -1.9% |
| 2017 | 3.86 trillion current US$ | +11.7% |
| 2018 | 3.74 trillion current US$ | -3.0% |
| 2019 | 3.70 trillion current US$ | -1.3% |
| 2020 | 3.08 trillion current US$ | -16.7% |
| 2021 | 3.43 trillion current US$ | +11.2% |
| 2022 | 3.92 trillion current US$ | +14.3% |
| 2023 | 4.46 trillion current US$ | +13.8% |
| 2024 | 4.58 trillion current US$ | +2.7% |
| 2025 | 4.81 trillion current US$ | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 364.63 billion current US$ | 348.05 billion current US$ | 381.21 billion current US$ | 2 |
| 1980s | 451.26 billion current US$ | 397.50 billion current US$ | 547.30 billion current US$ | 10 |
| 1990s | 1.14 trillion current US$ | 681.30 billion current US$ | 1.51 trillion current US$ | 10 |
| 2000s | 1.85 trillion current US$ | 1.26 trillion current US$ | 2.78 trillion current US$ | 10 |
| 2010s | 3.73 trillion current US$ | 3.27 trillion current US$ | 4.06 trillion current US$ | 10 |
| 2020s | 4.04 trillion current US$ | 3.08 trillion current US$ | 4.81 trillion current US$ | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 15 South Korea 1.07 trillion current US$ compare
- 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
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Gross fixed capital formation 1.33 trillion current US$ (2025)
- Exports of goods and services 1.84 trillion current US$ (2025)
- Exports of goods and services 1.38 trillion constant 2015 US$ (2025)
- Exports of goods and services 6.1% (2025)
- Exports of goods and services 26.1% (2025)
- GDP 7.05 trillion current US$ (2025)
- Gross fixed capital formation 18.9% (2025)
- Gross capital formation 1.12 trillion constant 2015 US$ (2025)
- Gross capital formation 1.36 trillion current US$ (2025)
- Gross national expenditure 5.96 trillion constant 2015 US$ (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is services, value added in Latin America & the Caribbean (IDA & IBRD countries)?
- Services, value added in Latin America & the Caribbean (IDA & IBRD countries) was 4.81 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 4.81 trillion current US$ in 2025.
- What is the lowest services, value added recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 348.05 billion current US$ in 1979.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for services, value added?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 18th out of 45 groups with data for 2025.
- Is services, value added rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 36.6%. 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 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.