Services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Services, value added per worker was 18,538 constant 2015 US$ in 2025. ▲ Rising
Services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries), 1991–2025
Source: World Development Indicators database, World Bank (WB). Measured in constant 2015 US$.
Analysis
In 2025, services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries) stood at 18,538 constant 2015 US$. That is the highest value across all 35 years on record.
The figure is up 1.7% on the previous year and up 1.5% over ten years.
Over the whole period, services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries) peaked at 18,538 constant 2015 US$ in 2025 and was at its lowest, 16,028 constant 2015 US$, in 2003.
Latin America & the Caribbean (IDA & IBRD countries) ranks 22nd of 46 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1991 | 16,919 constant 2015 US$ | — |
| 1992 | 16,943 constant 2015 US$ | +0.1% |
| 1993 | 16,933 constant 2015 US$ | -0.1% |
| 1994 | 16,589 constant 2015 US$ | -2.0% |
| 1995 | 16,217 constant 2015 US$ | -2.2% |
| 1996 | 16,367 constant 2015 US$ | +0.9% |
| 1997 | 16,681 constant 2015 US$ | +1.9% |
| 1998 | 16,614 constant 2015 US$ | -0.4% |
| 1999 | 16,627 constant 2015 US$ | +0.1% |
| 2000 | 16,823 constant 2015 US$ | +1.2% |
| 2001 | 16,476 constant 2015 US$ | -2.1% |
| 2002 | 16,293 constant 2015 US$ | -1.1% |
| 2003 | 16,028 constant 2015 US$ | -1.6% |
| 2004 | 16,305 constant 2015 US$ | +1.7% |
| 2005 | 16,465 constant 2015 US$ | +1.0% |
| 2006 | 16,706 constant 2015 US$ | +1.5% |
| 2007 | 17,177 constant 2015 US$ | +2.8% |
| 2008 | 17,437 constant 2015 US$ | +1.5% |
| 2009 | 17,030 constant 2015 US$ | -2.3% |
| 2010 | 17,639 constant 2015 US$ | +3.6% |
| 2011 | 18,042 constant 2015 US$ | +2.3% |
| 2012 | 18,161 constant 2015 US$ | +0.7% |
| 2013 | 18,377 constant 2015 US$ | +1.2% |
| 2014 | 18,410 constant 2015 US$ | +0.2% |
| 2015 | 18,263 constant 2015 US$ | -0.8% |
| 2016 | 18,198 constant 2015 US$ | -0.4% |
| 2017 | 18,232 constant 2015 US$ | +0.2% |
| 2018 | 18,251 constant 2015 US$ | +0.1% |
| 2019 | 17,959 constant 2015 US$ | -1.6% |
| 2020 | 18,409 constant 2015 US$ | +2.5% |
| 2021 | 18,491 constant 2015 US$ | +0.4% |
| 2022 | 18,245 constant 2015 US$ | -1.3% |
| 2023 | 18,188 constant 2015 US$ | -0.3% |
| 2024 | 18,230 constant 2015 US$ | +0.2% |
| 2025 | 18,538 constant 2015 US$ | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16,655 constant 2015 US$ | 16,217 constant 2015 US$ | 16,943 constant 2015 US$ | 9 |
| 2000s | 16,674 constant 2015 US$ | 16,028 constant 2015 US$ | 17,437 constant 2015 US$ | 10 |
| 2010s | 18,153 constant 2015 US$ | 17,639 constant 2015 US$ | 18,410 constant 2015 US$ | 10 |
| 2020s | 18,350 constant 2015 US$ | 18,188 constant 2015 US$ | 18,538 constant 2015 US$ | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 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
- 24 Japan 67,154 constant 2015 US$ compare
- 25 Malta 63,937 constant 2015 US$ compare
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Agriculture, forestry, and fishing, value added 7.1% (2025)
- Imports of goods and services 1.57 trillion constant 2015 US$ (2025)
- Imports of goods and services 6.0% (2025)
- Imports of goods and services 26.4% (2025)
- External balance on goods and services -0.2% (2025)
- Trade 48.6% (2025)
- GDP (current US$), annual growth rate 4.37 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added 361.29 billion constant 2015 US$ (2025)
- Industry (including construction), value added 1.2% (2025)
- Industry (including construction), value added 1.60 trillion constant 2015 US$ (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries)?
- Services, value added per worker in Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 18,538 constant 2015 US$ in 2025.
- What is the lowest services, value added per worker recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 16,028 constant 2015 US$ in 2003.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for services, value added per worker?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 22nd out of 46 groups with data for 2025.
- Is services, value added per worker rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 1.5%. The long-run trend across the full record is rising.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.
Download this data
CSV · JSON — 35 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. 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.