How does Latin America & Caribbean rank for merchandise imports by the reporting economy (current us$), per unit?

Latin America & Caribbean ranks 29th out of 44 groups with data for 2023.

Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Latin America & Caribbean?

Over the last ten years it is up 12.8%. The long-run trend across the full record is rising.

Merchandise imports by the reporting economy (current US$), per unit in Latin America & Caribbean

Name: Merchandise imports by the reporting economy (current US$), per unit in Latin America & Caribbean
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Latin America & Caribbean: Merchandise imports by the reporting economy (current US$), per unit was 0.2072 current US$ per US$ of GDP in 2023. ▲ Rising

Latest (2023)

0.2072 current US$ per US$ of GDP

Change on year

down 16.3%

Rank

29th

of 44 groups

All-time high

0.2474 current US$ per US$ of GDP

in 2022

All-time low

0.0799 current US$ per US$ of GDP

in 1965

Years of data

1960–2023

Merchandise imports by the reporting economy (current US$), per unit in Latin America & Caribbean, 1960–2023

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

The most recent figure for merchandise imports by the reporting economy (current us$), per unit in Latin America & Caribbean is 0.2072 current US$ per US$ of GDP, measured in 2023.

The figure is down 16.3% on the previous year and up 12.8% over ten years.

Over the whole period, merchandise imports by the reporting economy (current us$), per unit in Latin America & Caribbean peaked at 0.2474 current US$ per US$ of GDP in 2022 and was at its lowest, 0.0799 current US$ per US$ of GDP, in 1965.

That places Latin America & Caribbean 29th out of 44 groups with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 64 years of available data.

Merchandise imports by the reporting economy (current US$), per unit in Latin America & Caribbean, year by year

Annual values for Merchandise imports by the reporting economy (current US$), per unit of GDP in Latin America & Caribbean, 1960 to 2023.
Year	current US$ per US$ of GDP	Change
1960	0.1003 current US$ per US$ of GDP	—
1961	0.0945 current US$ per US$ of GDP	-5.7%
1962	0.0902 current US$ per US$ of GDP	-4.6%
1963	0.084 current US$ per US$ of GDP	-6.9%
1964	0.0818 current US$ per US$ of GDP	-2.6%
1965	0.0799 current US$ per US$ of GDP	-2.3%
1966	0.0807 current US$ per US$ of GDP	+1.0%
1967	0.0828 current US$ per US$ of GDP	+2.7%
1968	0.0848 current US$ per US$ of GDP	+2.4%
1969	0.0819 current US$ per US$ of GDP	-3.5%
1970	0.0864 current US$ per US$ of GDP	+5.5%
1971	0.0862 current US$ per US$ of GDP	-0.3%
1972	0.0867 current US$ per US$ of GDP	+0.5%
1973	0.0855 current US$ per US$ of GDP	-1.4%
1974	0.116 current US$ per US$ of GDP	+35.6%
1975	0.1202 current US$ per US$ of GDP	+3.7%
1976	0.1112 current US$ per US$ of GDP	-7.5%
1977	0.1137 current US$ per US$ of GDP	+2.2%
1978	0.1085 current US$ per US$ of GDP	-4.6%
1979	0.12 current US$ per US$ of GDP	+10.7%
1980	0.1247 current US$ per US$ of GDP	+3.9%
1981	0.1221 current US$ per US$ of GDP	-2.1%
1982	0.1058 current US$ per US$ of GDP	-13.3%
1983	0.091 current US$ per US$ of GDP	-14.0%
1984	0.0906 current US$ per US$ of GDP	-0.5%
1985	0.0931 current US$ per US$ of GDP	+2.8%
1986	0.0917 current US$ per US$ of GDP	-1.4%
1987	0.0954 current US$ per US$ of GDP	+3.9%
1988	0.0975 current US$ per US$ of GDP	+2.3%
1989	0.0943 current US$ per US$ of GDP	-3.3%
1990	0.0971 current US$ per US$ of GDP	+3.0%
1991	0.1166 current US$ per US$ of GDP	+20.0%
1992	0.1282 current US$ per US$ of GDP	+10.0%
1993	0.1217 current US$ per US$ of GDP	-5.1%
1994	0.119 current US$ per US$ of GDP	-2.2%
1995	0.1222 current US$ per US$ of GDP	+2.6%
1996	0.1285 current US$ per US$ of GDP	+5.1%
1997	0.1404 current US$ per US$ of GDP	+9.3%
1998	0.1475 current US$ per US$ of GDP	+5.1%
1999	0.1595 current US$ per US$ of GDP	+8.1%
2000	0.1632 current US$ per US$ of GDP	+2.3%
2001	0.1623 current US$ per US$ of GDP	-0.6%
2002	0.1686 current US$ per US$ of GDP	+3.9%
2003	0.1722 current US$ per US$ of GDP	+2.1%
2004	0.1819 current US$ per US$ of GDP	+5.6%
2005	0.1788 current US$ per US$ of GDP	-1.7%
2006	0.1819 current US$ per US$ of GDP	+1.7%
2007	0.1851 current US$ per US$ of GDP	+1.8%
2008	0.1938 current US$ per US$ of GDP	+4.7%
2009	0.1552 current US$ per US$ of GDP	-20.0%
2010	0.162 current US$ per US$ of GDP	+4.4%
2011	0.1742 current US$ per US$ of GDP	+7.5%
2012	0.1803 current US$ per US$ of GDP	+3.5%
2013	0.1837 current US$ per US$ of GDP	+1.8%
2014	0.1838 current US$ per US$ of GDP	+0.1%
2015	0.193 current US$ per US$ of GDP	+5.0%
2016	0.1807 current US$ per US$ of GDP	-6.4%
2017	0.1768 current US$ per US$ of GDP	-2.2%
2018	0.1992 current US$ per US$ of GDP	+12.7%
2019	0.195 current US$ per US$ of GDP	-2.1%
2020	0.1961 current US$ per US$ of GDP	+0.6%
2021	0.2353 current US$ per US$ of GDP	+20.0%
2022	0.2474 current US$ per US$ of GDP	+5.2%
2023	0.2072 current US$ per US$ of GDP	-16.3%

Biggest year-on-year movements

Years where Merchandise imports by the reporting economy (current US$), per unit 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
1974	+35.6%	0.0855 current US$ per US$ of GDP	0.116 current US$ per US$ of GDP

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.0861 current US$ per US$ of GDP	0.0799 current US$ per US$ of GDP	0.1003 current US$ per US$ of GDP	10
1970s	0.1034 current US$ per US$ of GDP	0.0855 current US$ per US$ of GDP	0.1202 current US$ per US$ of GDP	10
1980s	0.1006 current US$ per US$ of GDP	0.0906 current US$ per US$ of GDP	0.1247 current US$ per US$ of GDP	10
1990s	0.1281 current US$ per US$ of GDP	0.0971 current US$ per US$ of GDP	0.1595 current US$ per US$ of GDP	10
2000s	0.1743 current US$ per US$ of GDP	0.1552 current US$ per US$ of GDP	0.1938 current US$ per US$ of GDP	10
2010s	0.1829 current US$ per US$ of GDP	0.162 current US$ per US$ of GDP	0.1992 current US$ per US$ of GDP	10
2020s	0.2215 current US$ per US$ of GDP	0.1961 current US$ per US$ of GDP	0.2474 current US$ per US$ of GDP	4

Countries ranked near Latin America & Caribbean

26 Malaysia 0.6664 current US$ per US$ of GDP compare
27 Czechia 0.6649 current US$ per US$ of GDP compare
28 Latvia 0.6391 current US$ per US$ of GDP compare
29 Kosovo 0.6163 current US$ per US$ of GDP compare
30 Lithuania 0.602 current US$ per US$ of GDP compare
31 Tajikistan 0.5765 current US$ per US$ of GDP compare
32 Namibia 0.5739 current US$ per US$ of GDP compare

See the full ranking of 249 places →

More private sector data for Latin America & Caribbean

Merchandise trade 44.2% (2025)
Food imports 9.1% (2024)
Manufactures imports 73.2% (2024)
Merchandise imports 1.66 trillion current US$ (2025)
Food exports 24.7% (2024)
Manufactures exports 46.5% (2024)
Merchandise exports 1.67 trillion current US$ (2025)
Merchandise exports (current US$), per capita 2,503 current US$ per person (2025)
Merchandise exports (current US$), per unit of GDP 0.2256 current US$ per US$ of GDP (2025)
Merchandise exports (current US$), annual growth rate 6.02 % change on previous year (2025)

All data for Latin America & Caribbean →

Frequently asked questions

What is merchandise imports by the reporting economy (current us$), per unit in Latin America & Caribbean?: Merchandise imports by the reporting economy (current us$), per unit in Latin America & Caribbean was 0.2072 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest merchandise imports by the reporting economy (current us$), per unit recorded in Latin America & Caribbean?: The highest recorded value was 0.2474 current US$ per US$ of GDP in 2022.
What is the lowest merchandise imports by the reporting economy (current us$), per unit recorded in Latin America & Caribbean?: The lowest recorded value was 0.0799 current US$ per US$ of GDP in 1965.
How does Latin America & Caribbean rank for merchandise imports by the reporting economy (current us$), per unit?: Latin America & Caribbean ranks 29th out of 44 groups with data for 2023.
Is merchandise imports by the reporting economy (current us$), per unit rising or falling in Latin America & Caribbean?: Over the last ten years it is up 12.8%. The long-run trend across the full record is rising.
Where does this Latin America & Caribbean data come from?: The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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Merchandise imports by the reporting economy (current US$), per unit in Latin America & Caribbean. Statizoid, drawing on Statizoid (derived). Retrieved 14 September 2026, from https://private-sector.statizoid.com/stat/merchandise-imports-by-the-reporting-economy-current-us-per-unit-of-gdp/latin-america-and-caribbean/

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How this figure is calculated

Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Merchandise imports by the reporting economy (current US$) ÷ GDP (current US$)

Computed from

Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
GDP Country official statistics, National Statistical Organizations and/or Central Banks

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator: Merchandise imports by the reporting economy (current US$), per unit of GDP
Unit: current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 249 places, 12,916 data points, 1960–2023
Last refreshed: 21 August 2026

Merchandise imports by the reporting economy (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.