Transport services in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Transport services was 27.6% in 2025. ▼ Falling
Transport services in Latin America & the Caribbean (IDA & IBRD countries), 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for transport services in Latin America & the Caribbean (IDA & IBRD countries) is 27.6%, measured in 2025.
Compared with earlier readings it is down 5.7% on the previous year and up 8.0% over ten years.
Over the whole period, transport services in Latin America & the Caribbean (IDA & IBRD countries) peaked at 40.6% in 1980 and was at its lowest, 24.5%, in 2016.
That places Latin America & the Caribbean (IDA & IBRD countries) 19th out of 47 groups with data for 2025, putting it 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 38.3% | — |
| 1980 | 40.6% | +6.0% |
| 1981 | 38.8% | -4.3% |
| 1982 | 36.0% | -7.3% |
| 1983 | 38.5% | +7.0% |
| 1984 | 40.3% | +4.6% |
| 1985 | 38.2% | -5.2% |
| 1986 | 37.4% | -2.0% |
| 1987 | 39.6% | +5.7% |
| 1988 | 38.9% | -1.7% |
| 1989 | 37.2% | -4.4% |
| 1990 | 34.9% | -6.0% |
| 1991 | 37.8% | +8.2% |
| 1992 | 37.5% | -0.8% |
| 1993 | 37.1% | -1.1% |
| 1994 | 38.5% | +3.8% |
| 1995 | 40.4% | +4.9% |
| 1996 | 33.4% | -17.4% |
| 1997 | 34.2% | +2.5% |
| 1998 | 36.8% | +7.5% |
| 1999 | 37.0% | +0.4% |
| 2000 | 36.5% | -1.2% |
| 2001 | 35.8% | -1.9% |
| 2002 | 33.4% | -6.7% |
| 2003 | 32.6% | -2.4% |
| 2004 | 35.4% | +8.6% |
| 2005 | 35.1% | -0.7% |
| 2006 | 35.5% | +1.1% |
| 2007 | 35.3% | -0.5% |
| 2008 | 36.2% | +2.5% |
| 2009 | 29.8% | -17.8% |
| 2010 | 30.9% | +3.6% |
| 2011 | 30.6% | -0.7% |
| 2012 | 29.6% | -3.3% |
| 2013 | 28.4% | -4.3% |
| 2014 | 27.1% | -4.3% |
| 2015 | 25.5% | -5.9% |
| 2016 | 24.5% | -4.0% |
| 2017 | 25.4% | +3.5% |
| 2018 | 26.0% | +2.5% |
| 2019 | 25.8% | -1.0% |
| 2020 | 27.5% | +6.9% |
| 2021 | 37.9% | +37.6% |
| 2022 | 37.5% | -1.1% |
| 2023 | 30.4% | -18.9% |
| 2024 | 29.3% | -3.7% |
| 2025 | 27.6% | -5.7% |
Biggest year-on-year movements
Years where Transport services in Latin America & the Caribbean (IDA & IBRD countries) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +37.6% | 27.5% | 37.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38.3% | 38.3% | 38.3% | 1 |
| 1980s | 38.5% | 36.0% | 40.6% | 10 |
| 1990s | 36.8% | 33.4% | 40.4% | 10 |
| 2000s | 34.6% | 29.8% | 36.5% | 10 |
| 2010s | 27.4% | 24.5% | 30.9% | 10 |
| 2020s | 31.7% | 27.5% | 37.9% | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
More economy & growth data for Latin America & the Caribbean (IDA & IBRD countries)
- Households and NPISHs Final consumption expenditure (current US$) 4.26 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,700 current US$ per person (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$) 7,460 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5831 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.48 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.157 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6893 current US$ per US$ of GDP (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is transport services in Latin America & the Caribbean (IDA & IBRD countries)?
- Transport services in Latin America & the Caribbean (IDA & IBRD countries) was 27.6% 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 40.6% in 1980.
- What is the lowest transport services recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 24.5% in 2016.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for transport services?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 19th out of 47 groups with data for 2025.
- Is transport services rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is falling.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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 imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 imports which are services provided by non-residents to residents.