Trade in services in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Trade in services was 7.9% in 2025. ▲ Rising
Trade in services in Latin America & Caribbean (excluding high income), 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Latin America & Caribbean (excluding high income) is 7.9%, measured in 2025.
That represents a change of down 0.6% on the previous year and up 11.5% over ten years.
Over the whole period, trade in services in Latin America & Caribbean (excluding high income) peaked at 7.9% in 2024 and was at its lowest, 3.9%, in 1976.
That places Latin America & Caribbean (excluding high income) 43rd out of 47 groups with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Trade in services in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 3.9% | — |
| 1977 | 4.4% | +12.6% |
| 1978 | 4.4% | +0.1% |
| 1979 | 5.8% | +32.4% |
| 1980 | 5.6% | -4.1% |
| 1981 | 5.4% | -3.9% |
| 1982 | 5.3% | -2.2% |
| 1983 | 4.9% | -6.6% |
| 1984 | 4.9% | +0.1% |
| 1985 | 5.1% | +2.9% |
| 1986 | 5.2% | +2.7% |
| 1987 | 5.3% | +1.0% |
| 1988 | 5.5% | +4.4% |
| 1989 | 5.5% | +0.4% |
| 1990 | 5.8% | +5.8% |
| 1991 | 5.7% | -1.8% |
| 1992 | 5.9% | +3.5% |
| 1993 | 5.5% | -7.7% |
| 1994 | 5.0% | -7.6% |
| 1995 | 4.9% | -3.7% |
| 1996 | 4.6% | -4.7% |
| 1997 | 4.9% | +5.2% |
| 1998 | 4.7% | -4.3% |
| 1999 | 5.0% | +8.2% |
| 2000 | 5.2% | +2.2% |
| 2001 | 5.2% | +1.6% |
| 2002 | 5.8% | +11.1% |
| 2003 | 6.1% | +4.2% |
| 2004 | 5.9% | -1.9% |
| 2005 | 5.8% | -2.2% |
| 2006 | 5.6% | -4.1% |
| 2007 | 5.7% | +2.1% |
| 2008 | 5.7% | +0.3% |
| 2009 | 5.7% | -0.7% |
| 2010 | 5.4% | -5.4% |
| 2011 | 5.4% | +1.4% |
| 2012 | 5.8% | +6.5% |
| 2013 | 6.1% | +4.7% |
| 2014 | 6.4% | +4.8% |
| 2015 | 7.1% | +11.2% |
| 2016 | 7.1% | +0.9% |
| 2017 | 6.9% | -3.9% |
| 2018 | 7.3% | +6.7% |
| 2019 | 7.4% | +1.1% |
| 2020 | 6.1% | -17.5% |
| 2021 | 6.7% | +9.8% |
| 2022 | 7.8% | +16.4% |
| 2023 | 7.5% | -3.4% |
| 2024 | 7.9% | +5.4% |
| 2025 | 7.9% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.6% | 3.9% | 5.8% | 4 |
| 1980s | 5.3% | 4.9% | 5.6% | 10 |
| 1990s | 5.2% | 4.6% | 5.9% | 10 |
| 2000s | 5.7% | 5.2% | 6.1% | 10 |
| 2010s | 6.5% | 5.4% | 7.4% | 10 |
| 2020s | 7.3% | 6.1% | 7.9% | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
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 trade in services in Latin America & Caribbean (excluding high income)?
- Trade in services in Latin America & Caribbean (excluding high income) was 7.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 7.9% in 2024.
- What is the lowest trade in services recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 3.9% in 1976.
- How does Latin America & Caribbean (excluding high income) rank for trade in services?
- Latin America & Caribbean (excluding high income) ranks 43rd out of 47 groups with data for 2025.
- Is trade in services rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 11.5%. 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.