Latin America & Caribbean: Industry, including construction, value added (current US$)

Key figures

What the numbers say

In 2025, Latin America & Caribbean's industry, including construction, value added (current US$) rose 1.5% on 2024 (from US$2.2 trillion to US$2.24 trillion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +4.7% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 0.3 standard deviations below 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 39.2% in 1974 and the biggest yearly fall was 16.7% in 2015. 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 US$90.02 billion a year. A straight line explains 74% 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

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 61 values

Industry, including construction, value added (current US$) in nearby economies

• Afghanistan — US$2.58 billion (2024)
• Algeria — US$99.88 billion (2025)
• Bahrain — US$20.18 billion (2025)
• Djibouti — US$766.83 million (2025)
• Egypt, Arab Rep. — US$117.09 billion (2025)
• Iran, Islamic Rep. — US$143.77 billion (2025)
• Iraq — US$115.46 billion (2025)
• Israel — US$93.41 billion (2024)
• Jordan — US$16.86 billion (2025)

More economic policy & debt data for Latin America & Caribbean

• General government final consumption expenditure (current US$) — US$1.19 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$1 trillion (2025)
• General government final consumption expenditure (% of GDP) — 16.07% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$5.08 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$) — US$4.27 trillion (2025)
• Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$6,410 (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's industry, including construction, value added (current US$)?

US$2.24 trillion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1965?

It is up 3,420% from US$63.57 billion in 1965 (6.11% a year on average, compounded). The highest value was US$2.24 trillion in 2025 and the lowest US$63.57 billion in 1965.

Is the latest change in industry, including construction, value added (current US$) unusual for Latin America & Caribbean?

In 2025, Latin America & Caribbean's industry, including construction, value added (current US$) rose 1.5% on 2024 (from US$2.2 trillion to US$2.24 trillion). Across the 30 yearly changes before that (1995 to 2024), the average change was +4.7% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 0.3 standard deviations below 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 NV.IND.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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