Services share of GDP — all countries

Services share of GDP — Latin America & Caribbean

Services share of GDP in Latin America & Caribbean in 2025 — 68.2%. Since 1978, the indicator has fallen by 0.7 pp.

2025 68.2% +0.5 pp vs 2024
World rank
Period maximum 70.3%2019
Period minimum 53.3%1987

Trend over time

1978–2025 · % of GDP

Services share of GDP — Latin America & Caribbean, 1978–202550556065707519781983198819931998200320082013201820231978: 68.9%1979: 56.3%1980: 58.9%1981: 61.1%1982: 59.5%1983: 58.7%1984: 56.8%1985: 56.4%1986: 54.8%1987: 53.3%1988: 56.6%1989: 57.9%1990: 64.8%1991: 65.6%1992: 69.4%1993: 69.7%1994: 65.5%1995: 65.3%1996: 67.1%1997: 66.8%1998: 67.3%1999: 66.6%2000: 65.7%2001: 65.8%2002: 65.3%2003: 65.5%2004: 63.4%2005: 63.6%2006: 62.9%2007: 63.1%2008: 62.2%2009: 63.7%2010: 62.6%2011: 63.7%2012: 64%2013: 66.3%2014: 67.4%2015: 69.2%2016: 69.9%2017: 70%2018: 69.7%2019: 70.3%2020: 70%2021: 66.8%2022: 66.8%2023: 67.6%2024: 67.7%2025: 68.2%
Change over the period: −0.7 pp Annual average: -0.01 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean

Latin America & Caribbean 68.2%
World computed 59.9%
Services share of GDP — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year % Change, pp
2025 68.2 +0.5 pp
2024 67.7 +0.1 pp
2023 67.6 +0.7 pp
2022 66.8 +0 pp
2021 66.8 −3.2 pp
2020 70 −0.3 pp
2019 70.3 +0.6 pp
2018 69.7 −0.3 pp
2017 70 +0.2 pp
2016 69.9 +0.7 pp
2015 69.2 +1.8 pp
2014 67.4 +1.1 pp
2013 66.3 +2.3 pp
2012 64 +0.3 pp
2011 63.7 +1 pp
2010 62.6 −1.1 pp
2009 63.7 +1.5 pp
2008 62.2 −0.9 pp
2007 63.1 +0.2 pp
2006 62.9 −0.6 pp
2005 63.6 +0.2 pp
2004 63.4 −2.1 pp
2003 65.5 +0.1 pp
2002 65.3 −0.5 pp
2001 65.8 +0.1 pp
2000 65.7 −0.9 pp
1999 66.6 −0.7 pp
1998 67.3 +0.4 pp
1997 66.8 −0.3 pp
1996 67.1 +1.8 pp
1995 65.3 −0.1 pp
1994 65.5 −4.2 pp
1993 69.7 +0.3 pp
1992 69.4 +3.7 pp
1991 65.6 +0.9 pp
1990 64.8 +6.9 pp
1989 57.9 +1.3 pp
1988 56.6 +3.3 pp
1987 53.3 −1.5 pp
1986 54.8 −1.6 pp
1985 56.4 −0.4 pp
1984 56.8 −1.8 pp
1983 58.7 −0.8 pp
1982 59.5 −1.6 pp
1981 61.1 +2.1 pp
1980 58.9 +2.6 pp
1979 56.3 −12.6 pp
1978 68.9

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.