Travel services in Latin America & Caribbean
Latin America & Caribbean: Travel services was 22.6% in 2025. ▼ Falling
Travel services in Latin America & Caribbean, 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2025, travel services in Latin America & Caribbean stood at 22.6%.
That represents a change of up 10.1% on the previous year and down 0.6% over ten years.
Over the whole period, travel services in Latin America & Caribbean peaked at 34.6% in 1979 and was at its lowest, 9.7%, in 2021.
That places Latin America & Caribbean 18th 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, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1979 | 34.6% | — |
| 1980 | 32.2% | -7.0% |
| 1981 | 32.3% | +0.5% |
| 1982 | 30.2% | -6.4% |
| 1983 | 25.7% | -15.1% |
| 1984 | 27.2% | +5.8% |
| 1985 | 26.9% | -1.1% |
| 1986 | 27.3% | +1.6% |
| 1987 | 26.8% | -1.9% |
| 1988 | 29.1% | +8.9% |
| 1989 | 31.4% | +7.9% |
| 1990 | 33.7% | +7.3% |
| 1991 | 33.4% | -1.0% |
| 1992 | 33.7% | +0.9% |
| 1993 | 33.0% | -2.0% |
| 1994 | 31.4% | -4.9% |
| 1995 | 28.1% | -10.5% |
| 1996 | 31.6% | +12.7% |
| 1997 | 28.9% | -8.5% |
| 1998 | 29.8% | +2.9% |
| 1999 | 28.1% | -5.8% |
| 2000 | 27.7% | -1.4% |
| 2001 | 26.7% | -3.6% |
| 2002 | 24.9% | -6.6% |
| 2003 | 24.3% | -2.4% |
| 2004 | 24.2% | -0.8% |
| 2005 | 23.8% | -1.3% |
| 2006 | 23.5% | -1.3% |
| 2007 | 22.6% | -3.7% |
| 2008 | 21.8% | -3.6% |
| 2009 | 22.4% | +2.8% |
| 2010 | 21.9% | -2.4% |
| 2011 | 22.1% | +0.9% |
| 2012 | 22.1% | +0.2% |
| 2013 | 23.1% | +4.3% |
| 2014 | 23.2% | +0.6% |
| 2015 | 22.8% | -2.0% |
| 2016 | 24.2% | +6.1% |
| 2017 | 25.7% | +6.4% |
| 2018 | 24.8% | -3.5% |
| 2019 | 23.8% | -4.0% |
| 2020 | 10.4% | -56.2% |
| 2021 | 9.7% | -7.0% |
| 2022 | 15.4% | +59.1% |
| 2023 | 19.4% | +25.9% |
| 2024 | 20.5% | +5.7% |
| 2025 | 22.6% | +10.1% |
Biggest year-on-year movements
Years where Travel services in Latin America & Caribbean 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 | +59.1% | 9.7% | 15.4% |
| 2020 | -56.2% | 23.8% | 10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.6% | 34.6% | 34.6% | 1 |
| 1980s | 28.9% | 25.7% | 32.3% | 10 |
| 1990s | 31.2% | 28.1% | 33.7% | 10 |
| 2000s | 24.2% | 21.8% | 27.7% | 10 |
| 2010s | 23.4% | 21.9% | 25.7% | 10 |
| 2020s | 16.4% | 9.7% | 22.6% | 6 |
Countries ranked near Latin America & Caribbean
- 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
- 21 Eritrea 41.0% compare
More economy & growth data for Latin America & Caribbean
- General government final consumption expenditure (constant 2015 US$) 2.15 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.5 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7,621 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6869 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 60.29 billion BoP, current US$ (2025)
- Households and NPISHs Final consumption expenditure (current US$) 4.28 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 1,502 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1354 constant 2015 US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0082 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 180.24 billion BoP, current US$ (2025)
Frequently asked questions
- What is travel services in Latin America & Caribbean?
- Travel services in Latin America & Caribbean was 22.6% 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?
- The highest recorded value was 34.6% in 1979.
- What is the lowest travel services recorded in Latin America & Caribbean?
- The lowest recorded value was 9.7% in 2021.
- How does Latin America & Caribbean rank for travel services?
- Latin America & Caribbean ranks 18th out of 47 groups with data for 2025.
- Is travel services rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 0.6%. 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 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.