Travel services in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Travel services was 23.3% in 2025. ▼ Falling
Travel services in Latin America & Caribbean (excluding high income), 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Latin America & Caribbean (excluding high income) recorded 23.3% for travel services in 2025.
Compared with earlier readings it is up 11.9% on the previous year and down 0.8% over ten years.
Over the whole period, travel services in Latin America & Caribbean (excluding high income) peaked at 36.5% in 1979 and was at its lowest, 10.5%, in 2021.
That places Latin America & Caribbean (excluding high income) 17th 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.
Travel services in Latin America & Caribbean (excluding high income), year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 36.5% | — |
| 1980 | 34.4% | -5.7% |
| 1981 | 34.5% | +0.2% |
| 1982 | 31.4% | -8.8% |
| 1983 | 25.7% | -18.2% |
| 1984 | 27.5% | +6.8% |
| 1985 | 27.1% | -1.5% |
| 1986 | 28.1% | +3.9% |
| 1987 | 27.2% | -3.2% |
| 1988 | 29.5% | +8.4% |
| 1989 | 32.9% | +11.3% |
| 1990 | 35.5% | +7.9% |
| 1991 | 35.2% | -0.7% |
| 1992 | 35.7% | +1.3% |
| 1993 | 34.9% | -2.2% |
| 1994 | 33.1% | -5.3% |
| 1995 | 29.6% | -10.6% |
| 1996 | 34.0% | +15.1% |
| 1997 | 30.5% | -10.2% |
| 1998 | 31.2% | +2.2% |
| 1999 | 29.1% | -6.9% |
| 2000 | 28.9% | -0.5% |
| 2001 | 27.8% | -3.9% |
| 2002 | 26.0% | -6.4% |
| 2003 | 25.6% | -1.8% |
| 2004 | 25.2% | -1.3% |
| 2005 | 25.0% | -0.8% |
| 2006 | 24.8% | -0.9% |
| 2007 | 23.7% | -4.6% |
| 2008 | 23.0% | -2.9% |
| 2009 | 23.4% | +1.7% |
| 2010 | 22.9% | -2.0% |
| 2011 | 23.3% | +1.8% |
| 2012 | 23.3% | -0.0% |
| 2013 | 24.3% | +4.2% |
| 2014 | 24.2% | -0.3% |
| 2015 | 23.5% | -3.1% |
| 2016 | 25.2% | +7.2% |
| 2017 | 27.1% | +7.5% |
| 2018 | 26.3% | -3.0% |
| 2019 | 24.8% | -5.5% |
| 2020 | 11.1% | -55.4% |
| 2021 | 10.5% | -5.5% |
| 2022 | 16.2% | +54.6% |
| 2023 | 19.7% | +22.0% |
| 2024 | 20.8% | +5.4% |
| 2025 | 23.3% | +11.9% |
Biggest year-on-year movements
Years where Travel services in Latin America & Caribbean (excluding high income) 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 |
|---|---|---|---|
| 2022 | +54.6% | 10.5% | 16.2% |
| 2020 | -55.4% | 24.8% | 11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.5% | 36.5% | 36.5% | 1 |
| 1980s | 29.8% | 25.7% | 34.5% | 10 |
| 1990s | 32.9% | 29.1% | 35.7% | 10 |
| 2000s | 25.4% | 23.0% | 28.9% | 10 |
| 2010s | 24.5% | 22.9% | 27.1% | 10 |
| 2020s | 16.9% | 10.5% | 23.3% | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 14 Kuwait 43.0% compare
- 15 East Timor 42.8% compare
- 16 Syria 42.7% compare
- 17 Australia 41.3% compare
- 18 Uzbekistan 41.3% compare
- 19 Argentina 41.2% compare
- 20 Guinea-Bissau 41.2% compare
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 travel services in Latin America & Caribbean (excluding high income)?
- Travel services in Latin America & Caribbean (excluding high income) was 23.3% 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 & Caribbean (excluding high income)?
- The highest recorded value was 36.5% in 1979.
- What is the lowest travel services recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 10.5% in 2021.
- How does Latin America & Caribbean (excluding high income) rank for travel services?
- Latin America & Caribbean (excluding high income) ranks 17th out of 47 groups with data for 2025.
- Is travel services rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 0.8%. The long-run trend across the full record is falling.
- 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 Travel 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
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 imports which are services provided by non-residents to residents.