Service exports — all countries

Service exports — Latin America & Caribbean

Service exports in Latin America & Caribbean in 2025 — 323,746,546,501 US$. Since 1977, the indicator has risen by 2,479.5%.

2025 324B US$ +5.9% vs 2024
World rank
Period maximum 324B US$2025
Period minimum 12.55B US$1977

Trend over time

1977–2025 · US$

Service exports — Latin America & Caribbean, 1977–20250100B200B300B400B197719821987199219972002200720122017202220251977: 12,550,597,780 US$1978: 14,152,928,823 US$1979: 17,870,202,891 US$1980: 20,228,677,993 US$1981: 21,220,028,804 US$1982: 19,749,476,903 US$1983: 18,890,749,335 US$1984: 20,303,969,124 US$1985: 21,558,445,053 US$1986: 22,392,657,201 US$1987: 24,825,112,700 US$1988: 27,922,074,323 US$1989: 32,493,159,686 US$1990: 36,775,722,646 US$1991: 38,720,527,477 US$1992: 43,445,739,847 US$1993: 47,368,862,953 US$1994: 51,533,894,974 US$1995: 53,371,147,048 US$1996: 57,018,027,052 US$1997: 63,867,286,987 US$1998: 58,619,967,373 US$1999: 60,419,777,220 US$2000: 66,559,299,381 US$2001: 65,476,423,125 US$2002: 67,455,470,958 US$2003: 73,008,375,790 US$2004: 81,573,631,308 US$2005: 94,372,754,075 US$2006: 105,164,597,219 US$2007: 122,426,067,608 US$2008: 139,956,319,381 US$2009: 127,385,493,959 US$2010: 142,103,583,915 US$2011: 161,582,898,365 US$2012: 172,239,751,195 US$2013: 179,047,058,632 US$2014: 187,641,848,778 US$2015: 184,256,903,103 US$2016: 191,604,989,502 US$2017: 204,555,501,768 US$2018: 213,551,163,794 US$2019: 219,634,812,029 US$2020: 141,187,695,970 US$2021: 179,586,730,145 US$2022: 247,852,552,888 US$2023: 280,316,262,159 US$2024: 305,707,434,187 US$2025: 323,746,546,501 US$
Change over the period: +311B (+2,479.53%) Average annual rate: 7.01 %

Comparison, 2025

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

Latin America & Caribbean 324B US$
World 9.58T US$
Service exports — Latin America & Caribbean, by year Latin America & Caribbean All countries CSV XLSX
Year US$ Change Change, %
2025 324B +18.04B +5.9%
2024 306B +25.39B +9.06%
2023 280B +32.46B +13.1%
2022 248B +68.27B +38.01%
2021 180B +38.4B +27.2%
2020 141B −78.45B −35.72%
2019 220B +6.08B +2.85%
2018 214B +9B +4.4%
2017 205B +12.95B +6.76%
2016 192B +7.35B +3.99%
2015 184B −3.38B −1.8%
2014 188B +8.59B +4.8%
2013 179B +6.81B +3.95%
2012 172B +10.66B +6.6%
2011 162B +19.48B +13.71%
2010 142B +14.72B +11.55%
2009 127B −12.57B −8.98%
2008 140B +17.53B +14.32%
2007 122B +17.26B +16.41%
2006 105B +10.79B +11.44%
2005 94.37B +12.8B +15.69%
2004 81.57B +8.57B +11.73%
2003 73.01B +5.55B +8.23%
2002 67.46B +1.98B +3.02%
2001 65.48B −1.08B −1.63%
2000 66.56B +6.14B +10.16%
1999 60.42B +1.8B +3.07%
1998 58.62B −5.25B −8.22%
1997 63.87B +6.85B +12.01%
1996 57.02B +3.65B +6.83%
1995 53.37B +1.84B +3.57%
1994 51.53B +4.17B +8.79%
1993 47.37B +3.92B +9.03%
1992 43.45B +4.73B +12.2%
1991 38.72B +1.94B +5.29%
1990 36.78B +4.28B +13.18%
1989 32.49B +4.57B +16.37%
1988 27.92B +3.1B +12.48%
1987 24.83B +2.43B +10.86%
1986 22.39B +834M +3.87%
1985 21.56B +1.25B +6.18%
1984 20.3B +1.41B +7.48%
1983 18.89B −859M −4.35%
1982 19.75B −1.47B −6.93%
1981 21.22B +991M +4.9%
1980 20.23B +2.36B +13.2%
1979 17.87B +3.72B +26.27%
1978 14.15B +1.6B +12.77%
1977 12.55B

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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