Services, value added per worker in Latin America & Caribbean
Latin America & Caribbean: Services, value added per worker was 18,538 constant 2015 US$ in 2025. ▲ Rising
Services, value added per worker in Latin America & Caribbean, 1991–2025
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
Latin America & Caribbean recorded 18,538 constant 2015 US$ for services, value added per worker in 2025.
That represents a change of up 1.3% on the previous year and up 0.1% over ten years.
Over the whole period, services, value added per worker in Latin America & Caribbean peaked at 18,544 constant 2015 US$ in 2021 and was at its lowest, 15,997 constant 2015 US$, in 2003.
Latin America & Caribbean ranks 20th of 44 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Services, value added per worker in Latin America & Caribbean, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 16,986 constant 2015 US$ | — |
| 1992 | 17,011 constant 2015 US$ | +0.1% |
| 1993 | 16,999 constant 2015 US$ | -0.1% |
| 1994 | 16,651 constant 2015 US$ | -2.0% |
| 1995 | 16,281 constant 2015 US$ | -2.2% |
| 1996 | 16,298 constant 2015 US$ | +0.1% |
| 1997 | 16,593 constant 2015 US$ | +1.8% |
| 1998 | 16,532 constant 2015 US$ | -0.4% |
| 1999 | 16,559 constant 2015 US$ | +0.2% |
| 2000 | 16,758 constant 2015 US$ | +1.2% |
| 2001 | 16,426 constant 2015 US$ | -2.0% |
| 2002 | 16,250 constant 2015 US$ | -1.1% |
| 2003 | 15,997 constant 2015 US$ | -1.6% |
| 2004 | 16,276 constant 2015 US$ | +1.7% |
| 2005 | 16,463 constant 2015 US$ | +1.1% |
| 2006 | 16,725 constant 2015 US$ | +1.6% |
| 2007 | 17,203 constant 2015 US$ | +2.9% |
| 2008 | 17,464 constant 2015 US$ | +1.5% |
| 2009 | 17,062 constant 2015 US$ | -2.3% |
| 2010 | 17,673 constant 2015 US$ | +3.6% |
| 2011 | 18,084 constant 2015 US$ | +2.3% |
| 2012 | 18,218 constant 2015 US$ | +0.7% |
| 2013 | 18,420 constant 2015 US$ | +1.1% |
| 2014 | 18,456 constant 2015 US$ | +0.2% |
| 2015 | 18,528 constant 2015 US$ | +0.4% |
| 2016 | 18,256 constant 2015 US$ | -1.5% |
| 2017 | 18,293 constant 2015 US$ | +0.2% |
| 2018 | 18,320 constant 2015 US$ | +0.1% |
| 2019 | 18,036 constant 2015 US$ | -1.5% |
| 2020 | 18,447 constant 2015 US$ | +2.3% |
| 2021 | 18,544 constant 2015 US$ | +0.5% |
| 2022 | 18,312 constant 2015 US$ | -1.3% |
| 2023 | 18,252 constant 2015 US$ | -0.3% |
| 2024 | 18,295 constant 2015 US$ | +0.2% |
| 2025 | 18,538 constant 2015 US$ | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16,657 constant 2015 US$ | 16,281 constant 2015 US$ | 17,011 constant 2015 US$ | 9 |
| 2000s | 16,662 constant 2015 US$ | 15,997 constant 2015 US$ | 17,464 constant 2015 US$ | 10 |
| 2010s | 18,228 constant 2015 US$ | 17,673 constant 2015 US$ | 18,528 constant 2015 US$ | 10 |
| 2020s | 18,398 constant 2015 US$ | 18,252 constant 2015 US$ | 18,544 constant 2015 US$ | 6 |
Countries ranked near Latin America & Caribbean
- 17 Italy 80,823 constant 2015 US$ compare
- 18 Netherlands 79,394 constant 2015 US$ compare
- 19 Germany 79,290 constant 2015 US$ compare
- 20 Canada 76,715 constant 2015 US$ compare
- 21 Israel 75,521 constant 2015 US$ compare
- 22 Qatar 71,915 constant 2015 US$ compare
- 23 New Zealand 69,924 constant 2015 US$ compare
More economy & growth data for Latin America & Caribbean
- Final consumption expenditure 6.06 trillion current US$ (2025)
- Households and NPISHs Final consumption expenditure per capita growth 1.8% (2025)
- Manufacturing, value added 1.26 trillion current US$ (2025)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Households and NPISHs final consumption expenditure 68.7% (2025)
- Final consumption expenditure 2.4% (2025)
- Gross national expenditure 6.19 trillion constant 2015 US$ (2025)
- Gross national expenditure 7.46 trillion current US$ (2025)
- Households and NPISHs Final consumption expenditure per capita 6,410 constant 2015 US$ (2025)
- Final consumption expenditure 5.05 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is services, value added per worker in Latin America & Caribbean?
- Services, value added per worker in Latin America & Caribbean was 18,538 constant 2015 US$ in 2025, according to World Development Indicators database, World Bank (WB).
- What is the highest services, value added per worker recorded in Latin America & Caribbean?
- The highest recorded value was 18,544 constant 2015 US$ in 2021.
- What is the lowest services, value added per worker recorded in Latin America & Caribbean?
- The lowest recorded value was 15,997 constant 2015 US$ in 2003.
- How does Latin America & Caribbean rank for services, value added per worker?
- Latin America & Caribbean ranks 20th out of 44 groups with data for 2025.
- Is services, value added per worker rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean data come from?
- The figures come from World Development Indicators database, World Bank (WB), published as part of Services, value added per worker (constant 2015 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. The core indicator has been divided by the number of workers in the economy to derive a measure of labor productivity. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.