Trade in services in Latin America & Caribbean
Latin America & Caribbean: Trade in services was 8.7% in 2025. ▲ Rising
Trade in services in Latin America & Caribbean, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Latin America & Caribbean recorded 8.7% for trade in services in 2025.
Compared with earlier readings it is down 2.4% on the previous year and up 9.0% over ten years.
Over the whole period, trade in services in Latin America & Caribbean peaked at 9.0% in 2022 and was at its lowest, 4.4%, in 1976.
Latin America & Caribbean ranks 35th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Trade in services in Latin America & Caribbean, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 4.4% | — |
| 1977 | 5.1% | +15.6% |
| 1978 | 5.1% | -0.0% |
| 1979 | 6.4% | +25.4% |
| 1980 | 6.3% | -1.7% |
| 1981 | 6.0% | -4.6% |
| 1982 | 6.0% | +0.2% |
| 1983 | 5.8% | -4.1% |
| 1984 | 5.7% | -0.9% |
| 1985 | 5.9% | +3.5% |
| 1986 | 6.2% | +5.0% |
| 1987 | 6.2% | -0.9% |
| 1988 | 6.3% | +2.5% |
| 1989 | 6.4% | +0.9% |
| 1990 | 6.6% | +4.5% |
| 1991 | 6.5% | -2.1% |
| 1992 | 6.7% | +3.2% |
| 1993 | 6.2% | -7.3% |
| 1994 | 5.8% | -7.1% |
| 1995 | 5.6% | -3.0% |
| 1996 | 5.4% | -3.5% |
| 1997 | 5.6% | +3.6% |
| 1998 | 5.4% | -2.9% |
| 1999 | 6.0% | +9.5% |
| 2000 | 6.0% | +0.9% |
| 2001 | 6.1% | +1.7% |
| 2002 | 6.8% | +10.9% |
| 2003 | 7.1% | +4.2% |
| 2004 | 6.9% | -2.1% |
| 2005 | 6.7% | -2.8% |
| 2006 | 6.4% | -4.9% |
| 2007 | 6.5% | +1.3% |
| 2008 | 6.5% | +0.2% |
| 2009 | 6.4% | -1.7% |
| 2010 | 6.0% | -5.3% |
| 2011 | 6.2% | +3.3% |
| 2012 | 6.6% | +6.2% |
| 2013 | 6.9% | +4.4% |
| 2014 | 7.2% | +4.1% |
| 2015 | 8.0% | +10.8% |
| 2016 | 8.2% | +2.2% |
| 2017 | 7.9% | -3.8% |
| 2018 | 8.3% | +6.1% |
| 2019 | 8.5% | +1.6% |
| 2020 | 6.9% | -18.1% |
| 2021 | 7.6% | +8.9% |
| 2022 | 9.0% | +18.9% |
| 2023 | 8.7% | -3.5% |
| 2024 | 8.9% | +2.9% |
| 2025 | 8.7% | -2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.3% | 4.4% | 6.4% | 4 |
| 1980s | 6.1% | 5.7% | 6.4% | 10 |
| 1990s | 6.0% | 5.4% | 6.7% | 10 |
| 2000s | 6.5% | 6.0% | 7.1% | 10 |
| 2010s | 7.4% | 6.0% | 8.5% | 10 |
| 2020s | 8.3% | 6.9% | 9.0% | 6 |
Countries ranked near Latin America & Caribbean
- 32 Fiji 52.2% compare
- 33 Hong Kong, China 48.6% compare
- 34 Lithuania 48.6% compare
- 35 Saint Vincent and the Grenadines 47.3% compare
- 36 Belize 47.1% compare
- 37 Netherlands 46.9% compare
- 38 Montenegro 46.7% compare
More economy & growth data for Latin America & Caribbean
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,782 current US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5777 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1607 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Latin America & Caribbean?
- Trade in services in Latin America & Caribbean was 8.7% 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?
- The highest recorded value was 9.0% in 2022.
- What is the lowest trade in services recorded in Latin America & Caribbean?
- The lowest recorded value was 4.4% in 1976.
- How does Latin America & Caribbean rank for trade in services?
- Latin America & Caribbean ranks 35th out of 47 groups with data for 2025.
- Is trade in services rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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.