Services, value added in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Services, value added was 68.3% in 2025. ▲ Rising
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), 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 & the Caribbean (IDA & IBRD countries) is 68.3%, measured in 2025.
The figure is up 0.8% on the previous year and down 1.8% over ten years.
Over the whole period, services, value added in Latin America & the Caribbean (IDA & IBRD countries) peaked at 70.7% in 2019 and was at its lowest, 54.1%, in 1987.
That places Latin America & the Caribbean (IDA & IBRD countries) 6th out of 47 groups with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Services, value added in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 70.4% | — |
| 1979 | 57.3% | -18.6% |
| 1980 | 59.8% | +4.4% |
| 1981 | 61.8% | +3.4% |
| 1982 | 60.4% | -2.4% |
| 1983 | 59.8% | -0.9% |
| 1984 | 58.0% | -3.1% |
| 1985 | 57.4% | -0.9% |
| 1986 | 55.8% | -2.9% |
| 1987 | 54.1% | -3.0% |
| 1988 | 57.6% | +6.3% |
| 1989 | 58.8% | +2.1% |
| 1990 | 65.9% | +12.2% |
| 1991 | 66.4% | +0.8% |
| 1992 | 70.1% | +5.6% |
| 1993 | 70.4% | +0.4% |
| 1994 | 66.0% | -6.2% |
| 1995 | 65.8% | -0.2% |
| 1996 | 67.4% | +2.4% |
| 1997 | 67.0% | -0.5% |
| 1998 | 67.5% | +0.7% |
| 1999 | 66.7% | -1.2% |
| 2000 | 65.9% | -1.2% |
| 2001 | 66.1% | +0.3% |
| 2002 | 65.5% | -0.9% |
| 2003 | 65.6% | +0.2% |
| 2004 | 63.4% | -3.3% |
| 2005 | 63.5% | +0.1% |
| 2006 | 62.9% | -1.0% |
| 2007 | 63.1% | +0.3% |
| 2008 | 62.2% | -1.4% |
| 2009 | 63.8% | +2.6% |
| 2010 | 62.8% | -1.6% |
| 2011 | 63.8% | +1.7% |
| 2012 | 64.2% | +0.6% |
| 2013 | 66.5% | +3.6% |
| 2014 | 67.6% | +1.7% |
| 2015 | 69.5% | +2.8% |
| 2016 | 70.2% | +1.0% |
| 2017 | 70.4% | +0.3% |
| 2018 | 70.0% | -0.5% |
| 2019 | 70.7% | +0.9% |
| 2020 | 70.2% | -0.7% |
| 2021 | 66.9% | -4.7% |
| 2022 | 66.9% | -0.1% |
| 2023 | 67.6% | +1.1% |
| 2024 | 67.7% | +0.2% |
| 2025 | 68.3% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 63.9% | 57.3% | 70.4% | 2 |
| 1980s | 58.3% | 54.1% | 61.8% | 10 |
| 1990s | 67.3% | 65.8% | 70.4% | 10 |
| 2000s | 64.2% | 62.2% | 66.1% | 10 |
| 2010s | 67.6% | 62.8% | 70.7% | 10 |
| 2020s | 67.9% | 66.9% | 70.2% | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 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
- 8 Cayman Islands 86.5% compare
- 9 Luxembourg 81.4% compare
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Households and NPISHs Final consumption expenditure (current US$) 0.6893 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.136 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,472 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.26 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.48 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 6,311 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5831 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 1,700 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,460 current US$ per person (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 68.3% 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 70.7% in 2019.
- What is the lowest services, value added recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 54.1% in 1987.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for services, value added?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 6th out of 47 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 down 1.8%. 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 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.