Travel services in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Travel services was 40.7% in 2025. ▼ Falling
Travel 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 exports, BoP.
Analysis
The most recent figure for travel services in Latin America & the Caribbean (IDA & IBRD countries) is 40.7%, measured in 2025.
Compared with earlier readings it is down 4.0% over ten years.
Over the whole period, travel services in Latin America & the Caribbean (IDA & IBRD countries) peaked at 48.1% in 1998 and was at its lowest, 24.9%, in 2020.
Latin America & the Caribbean (IDA & IBRD countries) ranks 8th of 45 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 47 years of available data.
Travel services in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1979 | 46.9% | — |
| 1980 | 39.4% | -16.0% |
| 1981 | 39.1% | -0.8% |
| 1982 | 38.5% | -1.4% |
| 1983 | 37.9% | -1.5% |
| 1984 | 41.2% | +8.7% |
| 1985 | 38.8% | -6.0% |
| 1986 | 41.6% | +7.2% |
| 1987 | 40.9% | -1.8% |
| 1988 | 39.8% | -2.6% |
| 1989 | 43.0% | +8.2% |
| 1990 | 42.7% | -0.8% |
| 1991 | 41.7% | -2.3% |
| 1992 | 40.8% | -2.3% |
| 1993 | 41.2% | +1.2% |
| 1994 | 40.7% | -1.3% |
| 1995 | 41.0% | +0.8% |
| 1996 | 42.8% | +4.4% |
| 1997 | 41.4% | -3.4% |
| 1998 | 48.1% | +16.2% |
| 1999 | 47.2% | -1.9% |
| 2000 | 47.6% | +1.0% |
| 2001 | 47.8% | +0.3% |
| 2002 | 44.7% | -6.4% |
| 2003 | 46.0% | +3.0% |
| 2004 | 46.6% | +1.3% |
| 2005 | 45.4% | -2.6% |
| 2006 | 44.7% | -1.6% |
| 2007 | 43.0% | -3.7% |
| 2008 | 40.8% | -5.1% |
| 2009 | 41.6% | +1.9% |
| 2010 | 39.5% | -5.0% |
| 2011 | 37.5% | -5.0% |
| 2012 | 37.7% | +0.6% |
| 2013 | 38.4% | +1.6% |
| 2014 | 39.7% | +3.6% |
| 2015 | 42.4% | +6.7% |
| 2016 | 44.3% | +4.4% |
| 2017 | 44.3% | +0.1% |
| 2018 | 43.9% | -1.0% |
| 2019 | 43.9% | -0.0% |
| 2020 | 24.9% | -43.2% |
| 2021 | 29.0% | +16.3% |
| 2022 | 37.5% | +29.4% |
| 2023 | 40.4% | +7.8% |
| 2024 | 40.7% | +0.8% |
| 2025 | 40.7% | -0.0% |
Biggest year-on-year movements
Years where Travel 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 |
|---|---|---|---|
| 2020 | -43.2% | 43.9% | 24.9% |
| 2022 | +29.4% | 29.0% | 37.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 46.9% | 46.9% | 46.9% | 1 |
| 1980s | 40.0% | 37.9% | 43.0% | 10 |
| 1990s | 42.8% | 40.7% | 48.1% | 10 |
| 2000s | 44.8% | 40.8% | 47.8% | 10 |
| 2010s | 41.2% | 37.5% | 44.3% | 10 |
| 2020s | 35.5% | 24.9% | 40.7% | 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 travel services in Latin America & the Caribbean (IDA & IBRD countries)?
- Travel services in Latin America & the Caribbean (IDA & IBRD countries) was 40.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 48.1% in 1998.
- What is the lowest travel services recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 24.9% in 2020.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for travel services?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 8th out of 45 groups with data for 2025.
- Is travel services rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 4.0%. 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 Travel services (% of service exports, 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
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.