Transport services in Latin America & Caribbean
Latin America & Caribbean: Transport services was 16.7% in 2025. ▼ Falling
Transport services in Latin America & Caribbean, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for transport services in Latin America & Caribbean is 16.7%, measured in 2025.
The figure is down 2.5% on the previous year and down 4.7% over ten years.
Over the whole period, transport services in Latin America & Caribbean peaked at 30.4% in 1983 and was at its lowest, 16.3%, in 2017.
Latin America & Caribbean ranks 22nd of 45 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
Transport services in Latin America & Caribbean, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1979 | 21.6% | — |
| 1980 | 25.3% | +16.9% |
| 1981 | 27.1% | +7.4% |
| 1982 | 27.9% | +2.9% |
| 1983 | 30.4% | +8.9% |
| 1984 | 28.4% | -6.8% |
| 1985 | 29.5% | +3.9% |
| 1986 | 26.2% | -11.3% |
| 1987 | 25.6% | -2.3% |
| 1988 | 24.6% | -3.7% |
| 1989 | 22.0% | -10.6% |
| 1990 | 22.0% | -0.3% |
| 1991 | 22.0% | +0.4% |
| 1992 | 22.6% | +2.5% |
| 1993 | 19.8% | -12.2% |
| 1994 | 20.0% | +0.7% |
| 1995 | 21.2% | +6.1% |
| 1996 | 18.9% | -11.0% |
| 1997 | 17.3% | -8.0% |
| 1998 | 18.6% | +7.0% |
| 1999 | 17.7% | -4.5% |
| 2000 | 17.1% | -3.4% |
| 2001 | 17.2% | +0.5% |
| 2002 | 18.2% | +5.6% |
| 2003 | 19.4% | +6.6% |
| 2004 | 20.5% | +5.8% |
| 2005 | 20.7% | +0.6% |
| 2006 | 20.5% | -0.6% |
| 2007 | 20.4% | -0.5% |
| 2008 | 21.4% | +4.7% |
| 2009 | 19.4% | -9.5% |
| 2010 | 20.4% | +5.1% |
| 2011 | 20.8% | +2.0% |
| 2012 | 19.7% | -5.4% |
| 2013 | 19.7% | +0.5% |
| 2014 | 18.6% | -5.8% |
| 2015 | 17.5% | -5.9% |
| 2016 | 16.4% | -6.3% |
| 2017 | 16.3% | -0.7% |
| 2018 | 16.7% | +2.5% |
| 2019 | 16.7% | +0.0% |
| 2020 | 18.8% | +12.7% |
| 2021 | 19.3% | +2.3% |
| 2022 | 18.1% | -6.1% |
| 2023 | 17.0% | -6.1% |
| 2024 | 17.1% | +0.7% |
| 2025 | 16.7% | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.6% | 21.6% | 21.6% | 1 |
| 1980s | 26.7% | 22.0% | 30.4% | 10 |
| 1990s | 20.0% | 17.3% | 22.6% | 10 |
| 2000s | 19.5% | 17.1% | 21.4% | 10 |
| 2010s | 18.3% | 16.3% | 20.8% | 10 |
| 2020s | 17.8% | 16.7% | 19.3% | 6 |
Countries ranked near Latin America & Caribbean
- 19 Faroe Islands 40.6% compare
- 20 Tajikistan 40.5% compare
- 21 Fiji 38.4% compare
- 22 Mongolia 37.8% compare
- 23 Trinidad and Tobago 36.9% compare
- 24 Ecuador 35.6% compare
- 25 Norway 35.3% 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 transport services in Latin America & Caribbean?
- Transport services in Latin America & Caribbean was 16.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Latin America & Caribbean?
- The highest recorded value was 30.4% in 1983.
- What is the lowest transport services recorded in Latin America & Caribbean?
- The lowest recorded value was 16.3% in 2017.
- How does Latin America & Caribbean rank for transport services?
- Latin America & Caribbean ranks 22nd out of 45 groups with data for 2025.
- Is transport services rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is falling.
- 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 Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.