Services, value added (% of GDP) in Latin America & Caribbean
Latin America & Caribbean: Services, value added (% of GDP) was 68.2% in 2025. ▲ Rising
Services, value added in Latin America & Caribbean, 1978–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Latin America & Caribbean is 68.2%, measured in 2025.
The figure is up 0.8% on the previous year and down 1.4% over ten years.
Over the whole period, services, value added in Latin America & Caribbean peaked at 70.3% in 2019 and was at its lowest, 53.3%, in 1987.
Latin America & Caribbean ranks 7th of 47 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Services, value added (% of GDP) in Latin America & Caribbean, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 68.9% | — |
| 1979 | 56.3% | -18.3% |
| 1980 | 58.9% | +4.7% |
| 1981 | 61.1% | +3.6% |
| 1982 | 59.5% | -2.6% |
| 1983 | 58.7% | -1.3% |
| 1984 | 56.8% | -3.1% |
| 1985 | 56.4% | -0.7% |
| 1986 | 54.8% | -2.9% |
| 1987 | 53.3% | -2.7% |
| 1988 | 56.6% | +6.1% |
| 1989 | 57.9% | +2.4% |
| 1990 | 64.8% | +11.8% |
| 1991 | 65.6% | +1.3% |
| 1992 | 69.4% | +5.7% |
| 1993 | 69.7% | +0.4% |
| 1994 | 65.5% | -6.0% |
| 1995 | 65.3% | -0.2% |
| 1996 | 67.1% | +2.7% |
| 1997 | 66.8% | -0.4% |
| 1998 | 67.3% | +0.7% |
| 1999 | 66.6% | -1.0% |
| 2000 | 65.7% | -1.3% |
| 2001 | 65.8% | +0.2% |
| 2002 | 65.3% | -0.8% |
| 2003 | 65.5% | +0.2% |
| 2004 | 63.4% | -3.2% |
| 2005 | 63.6% | +0.3% |
| 2006 | 62.9% | -1.0% |
| 2007 | 63.1% | +0.2% |
| 2008 | 62.2% | -1.4% |
| 2009 | 63.7% | +2.4% |
| 2010 | 62.6% | -1.7% |
| 2011 | 63.7% | +1.6% |
| 2012 | 64.0% | +0.5% |
| 2013 | 66.3% | +3.6% |
| 2014 | 67.4% | +1.7% |
| 2015 | 69.2% | +2.7% |
| 2016 | 69.9% | +1.0% |
| 2017 | 70.0% | +0.3% |
| 2018 | 69.7% | -0.5% |
| 2019 | 70.3% | +0.9% |
| 2020 | 70.0% | -0.4% |
| 2021 | 66.8% | -4.6% |
| 2022 | 66.8% | +0.0% |
| 2023 | 67.6% | +1.1% |
| 2024 | 67.7% | +0.2% |
| 2025 | 68.2% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 62.6% | 56.3% | 68.9% | 2 |
| 1980s | 57.4% | 53.3% | 61.1% | 10 |
| 1990s | 66.8% | 64.8% | 69.7% | 10 |
| 2000s | 64.1% | 62.2% | 65.8% | 10 |
| 2010s | 67.3% | 62.6% | 70.3% | 10 |
| 2020s | 67.9% | 66.8% | 70.0% | 6 |
Countries ranked near Latin America & Caribbean
- 4 Bermuda 91.3% compare
- 5 Channel Islands 91.2% compare
- 6 Sint Maarten (Dutch part) 89.3% compare
- 7 Monaco 87.2% compare
- 8 Cayman Islands 86.5% compare
- 9 Luxembourg 81.4% compare
- 10 Sao Tome and Principe 81.4% compare
More economy & growth data for Latin America & Caribbean
- Industry (including construction), value added (current US$), annual 1.51 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 545.1 constant 2015 US$ per person (2025)
- Manufacturing, value added (current US$), per unit of GDP 0.1709 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,896 current US$ per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1294 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 1,436 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.18 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 2,503 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2256 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0491 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Latin America & Caribbean?
- Services, value added in Latin America & Caribbean was 68.2% 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 70.3% in 2019.
- What is the lowest services, value added recorded in Latin America & Caribbean?
- The lowest recorded value was 53.3% in 1987.
- How does Latin America & Caribbean rank for services, value added?
- Latin America & Caribbean ranks 7th 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 down 1.4%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 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.