Latin America & Caribbean (IDA & IBRD): Trade in services (% of GDP)

Key figures

What the numbers say

In 2025, Latin America & Caribbean (IDA & IBRD)'s trade in services (% of GDP) rose 0.19 percentage points on 2024 (from 8.71% to 8.91%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.1 percentage points and a typical year strayed about 0.47 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1.33 percentage points in 1979 and the biggest yearly fall was 1.43 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.12 percentage points a year. A straight line explains 32% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 50 values

Trade in services (% of GDP) in nearby economies

• Afghanistan — 9.04% (2020)
• Algeria — 5.54% (2025)
• Bahrain — 64.65% (2025)
• Djibouti — 45.82% (2024)
• Egypt, Arab Rep. — 17.43% (2025)
• Iraq — 14.69% (2025)
• Israel — 24.1% (2025)
• Jordan — 27.21% (2024)
• Kuwait — 26.9% (2025)
• Lebanon — 72.45% (2023)
• Libya — 24.3% (2023)
• Malta

More economic policy & debt data for Latin America & Caribbean (IDA & IBRD)

• General government final consumption expenditure (current US$) — US$1.11 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$958.95 billion (2025)
• General government final consumption expenditure (% of GDP) — 15.7% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$4.86 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$4.11 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$6,311 (2025)
• Households and NPISHs final consumption expenditure (% of GDP)

Reading data like this

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Questions people ask

What is Latin America & Caribbean (IDA & IBRD)'s trade in services (% of GDP)?

8.91% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1976?

It is up 4.68 percentage points from 4.22% in 1976. The highest value was 8.91% in 2025 and the lowest 4.22% in 1976.

Is the latest change in trade in services (% of GDP) unusual for Latin America & Caribbean (IDA & IBRD)?

In 2025, Latin America & Caribbean (IDA & IBRD)'s trade in services (% of GDP) rose 0.19 percentage points on 2024 (from 8.71% to 8.91%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.1 percentage points and a typical year strayed about 0.47 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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