Services, value added in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Services, value added was 69.2% in 2025. ▲ Rising
Services, value added in Latin America & Caribbean (excluding high income), 1978–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2025, services, value added in Latin America & Caribbean (excluding high income) stood at 69.2%.
Compared with earlier readings it is up 0.8% on the previous year and down 1.6% over ten years.
Over the whole period, services, value added in Latin America & Caribbean (excluding high income) peaked at 71.5% in 2019 and was at its lowest, 53.1%, in 1987.
That places Latin America & Caribbean (excluding high income) 4th out of 47 groups with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 48 years of available data.
Services, value added in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 70.3% | — |
| 1979 | 56.7% | -19.3% |
| 1980 | 59.7% | +5.4% |
| 1981 | 61.9% | +3.7% |
| 1982 | 60.0% | -3.1% |
| 1983 | 59.0% | -1.7% |
| 1984 | 57.1% | -3.1% |
| 1985 | 56.6% | -0.9% |
| 1986 | 54.7% | -3.3% |
| 1987 | 53.1% | -3.0% |
| 1988 | 56.8% | +7.1% |
| 1989 | 58.3% | +2.6% |
| 1990 | 65.9% | +13.1% |
| 1991 | 67.0% | +1.6% |
| 1992 | 71.2% | +6.3% |
| 1993 | 71.5% | +0.4% |
| 1994 | 66.7% | -6.7% |
| 1995 | 66.6% | -0.1% |
| 1996 | 68.3% | +2.6% |
| 1997 | 68.0% | -0.5% |
| 1998 | 68.4% | +0.6% |
| 1999 | 67.5% | -1.3% |
| 2000 | 66.7% | -1.2% |
| 2001 | 66.8% | +0.3% |
| 2002 | 66.3% | -0.9% |
| 2003 | 66.6% | +0.4% |
| 2004 | 64.4% | -3.3% |
| 2005 | 64.6% | +0.3% |
| 2006 | 64.2% | -0.7% |
| 2007 | 64.2% | +0.1% |
| 2008 | 63.0% | -1.9% |
| 2009 | 64.5% | +2.4% |
| 2010 | 63.5% | -1.6% |
| 2011 | 64.6% | +1.8% |
| 2012 | 64.8% | +0.3% |
| 2013 | 67.2% | +3.7% |
| 2014 | 68.5% | +1.8% |
| 2015 | 70.4% | +2.8% |
| 2016 | 71.0% | +0.9% |
| 2017 | 71.2% | +0.3% |
| 2018 | 70.8% | -0.6% |
| 2019 | 71.5% | +0.9% |
| 2020 | 71.2% | -0.3% |
| 2021 | 67.8% | -4.8% |
| 2022 | 67.8% | -0.0% |
| 2023 | 68.4% | +0.9% |
| 2024 | 68.7% | +0.4% |
| 2025 | 69.2% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 63.5% | 56.7% | 70.3% | 2 |
| 1980s | 57.7% | 53.1% | 61.9% | 10 |
| 1990s | 68.1% | 65.9% | 71.5% | 10 |
| 2000s | 65.1% | 63.0% | 66.8% | 10 |
| 2010s | 68.4% | 63.5% | 71.5% | 10 |
| 2020s | 68.9% | 67.8% | 71.2% | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 1 Isle of Man 95.2% compare
- 2 Macau, China 92.0% compare
- 3 Hong Kong, China 91.5% compare
- 4 Bermuda 91.3% compare
- 5 Channel Islands 91.2% compare
- 6 Sint Maarten (Dutch part) 89.3% compare
- 7 Monaco 87.2% compare
More economy & growth data for Latin America & Caribbean (excluding high income)
- Households and NPISHs Final consumption expenditure (current US$) 7,260 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.11 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.138 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,436 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.18 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6975 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5838 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,076 constant 2015 US$ per person (2025)
- General government final consumption expenditure (current US$), per 1,706 current US$ per person (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 69.2% 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 71.5% in 2019.
- What is the lowest services, value added recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 53.1% in 1987.
- How does Latin America & Caribbean (excluding high income) rank for services, value added?
- Latin America & Caribbean (excluding high income) ranks 4th out of 47 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 down 1.6%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.