Travel services (% of commercial service exports) in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Travel services (% of commercial service exports) was 41.2% in 2025. ▬ Flat
Travel services in Latin America & Caribbean (excluding high income), 1979–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for travel services in Latin America & Caribbean (excluding high income) is 41.2%, measured in 2025.
Compared with earlier readings it is up 2.8% on the previous year and down 6.5% over ten years.
Over the whole period, travel services in Latin America & Caribbean (excluding high income) peaked at 53.0% in 2001 and was at its lowest, 28.8%, in 2020.
That places Latin America & Caribbean (excluding high income) 5th out of 45 groups with data for 2025, putting it in the top 10%.
Travel services (% of commercial service exports) in Latin America & Caribbean (excluding high income), year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1979 | 45.0% | — |
| 1980 | 41.7% | -7.2% |
| 1981 | 40.4% | -3.1% |
| 1982 | 38.9% | -3.8% |
| 1983 | 38.7% | -0.5% |
| 1984 | 39.8% | +2.8% |
| 1985 | 36.0% | -9.4% |
| 1986 | 39.7% | +10.1% |
| 1987 | 38.3% | -3.4% |
| 1988 | 36.6% | -4.4% |
| 1989 | 44.5% | +21.4% |
| 1990 | 43.8% | -1.6% |
| 1991 | 41.3% | -5.5% |
| 1992 | 39.3% | -5.0% |
| 1993 | 40.1% | +2.0% |
| 1994 | 37.3% | -6.8% |
| 1995 | 38.3% | +2.6% |
| 1996 | 38.8% | +1.2% |
| 1997 | 37.7% | -2.7% |
| 1998 | 52.2% | +38.4% |
| 1999 | 51.9% | -0.6% |
| 2000 | 50.1% | -3.5% |
| 2001 | 53.0% | +5.9% |
| 2002 | 47.7% | -9.9% |
| 2003 | 48.9% | +2.4% |
| 2004 | 51.5% | +5.3% |
| 2005 | 50.3% | -2.3% |
| 2006 | 49.8% | -1.0% |
| 2007 | 46.9% | -5.9% |
| 2008 | 45.6% | -2.8% |
| 2009 | 45.7% | +0.4% |
| 2010 | 44.6% | -2.5% |
| 2011 | 42.3% | -5.2% |
| 2012 | 42.5% | +0.5% |
| 2013 | 42.0% | -1.2% |
| 2014 | 42.9% | +2.2% |
| 2015 | 44.0% | +2.7% |
| 2016 | 44.9% | +1.9% |
| 2017 | 45.0% | +0.3% |
| 2018 | 44.5% | -1.1% |
| 2019 | 44.5% | -0.1% |
| 2020 | 28.8% | -35.4% |
| 2021 | 31.1% | +8.3% |
| 2022 | 38.2% | +22.8% |
| 2023 | 40.4% | +5.8% |
| 2024 | 40.1% | -0.9% |
| 2025 | 41.2% | +2.8% |
Biggest year-on-year movements
Years where Travel services (% of commercial service exports) in Latin America & Caribbean (excluding high income) 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 |
|---|---|---|---|
| 1998 | +38.4% | 37.7% | 52.2% |
| 2020 | -35.4% | 44.5% | 28.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 45.0% | 45.0% | 45.0% | 1 |
| 1980s | 39.5% | 36.0% | 44.5% | 10 |
| 1990s | 42.1% | 37.3% | 52.2% | 10 |
| 2000s | 48.9% | 45.6% | 53.0% | 10 |
| 2010s | 43.7% | 42.0% | 45.0% | 10 |
| 2020s | 36.6% | 28.8% | 41.2% | 6 |
Countries ranked near Latin America & Caribbean (excluding high income)
More private sector data for Latin America & Caribbean (excluding high income)
- Merchandise trade 43.4% (2025)
- Food imports 7.8% (2025)
- Manufactures imports 77.0% (2025)
- Merchandise imports 1.40 trillion current US$ (2025)
- Commercial service imports 298.09 billion current US$ (2025)
- Food exports 23.6% (2025)
- Manufactures exports 53.0% (2025)
- Merchandise exports 1.37 trillion current US$ (2025)
- Commercial service exports 214.53 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,178 current US$ per person (2025)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is travel services in Latin America & Caribbean (excluding high income)?
- Travel services in Latin America & Caribbean (excluding high income) was 41.2% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 53.0% in 2001.
- What is the lowest travel services recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 28.8% in 2020.
- How does Latin America & Caribbean (excluding high income) rank for travel services?
- Latin America & Caribbean (excluding high income) ranks 5th out of 45 groups with data for 2025.
- Is travel services rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is flat.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Travel services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.