Travel services in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Travel services was 41.9% in 2025. ▬ Flat
Travel services in Latin America & the Caribbean (IDA & IBRD countries), 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 & the Caribbean (IDA & IBRD countries) is 41.9%, measured in 2025.
The figure is up 4.2% on the previous year and down 2.7% over ten years.
Over the whole period, travel services in Latin America & the Caribbean (IDA & IBRD countries) peaked at 50.2% in 2001 and was at its lowest, 27.3%, in 2020.
That places Latin America & the Caribbean (IDA & IBRD countries) 5th out of 45 groups with data for 2025, putting it in the top 10%.
Travel services in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1979 | 43.5% | — |
| 1980 | 39.9% | -8.3% |
| 1981 | 39.0% | -2.1% |
| 1982 | 37.3% | -4.5% |
| 1983 | 36.8% | -1.4% |
| 1984 | 38.3% | +4.2% |
| 1985 | 35.1% | -8.4% |
| 1986 | 38.2% | +8.8% |
| 1987 | 37.1% | -3.0% |
| 1988 | 35.5% | -4.2% |
| 1989 | 43.0% | +21.0% |
| 1990 | 42.5% | -1.1% |
| 1991 | 40.6% | -4.4% |
| 1992 | 38.6% | -5.1% |
| 1993 | 39.3% | +2.1% |
| 1994 | 36.8% | -6.5% |
| 1995 | 37.6% | +2.1% |
| 1996 | 38.0% | +1.0% |
| 1997 | 37.3% | -1.7% |
| 1998 | 50.0% | +33.9% |
| 1999 | 49.3% | -1.4% |
| 2000 | 47.8% | -3.0% |
| 2001 | 50.2% | +5.1% |
| 2002 | 45.6% | -9.2% |
| 2003 | 46.6% | +2.2% |
| 2004 | 48.9% | +4.8% |
| 2005 | 47.7% | -2.4% |
| 2006 | 47.2% | -1.1% |
| 2007 | 44.7% | -5.2% |
| 2008 | 43.4% | -2.9% |
| 2009 | 44.0% | +1.3% |
| 2010 | 42.7% | -3.0% |
| 2011 | 40.5% | -5.2% |
| 2012 | 40.8% | +0.7% |
| 2013 | 40.5% | -0.7% |
| 2014 | 41.4% | +2.4% |
| 2015 | 43.0% | +3.9% |
| 2016 | 45.0% | +4.6% |
| 2017 | 44.6% | -1.0% |
| 2018 | 44.2% | -0.9% |
| 2019 | 43.6% | -1.2% |
| 2020 | 27.3% | -37.5% |
| 2021 | 29.0% | +6.4% |
| 2022 | 37.6% | +29.7% |
| 2023 | 40.7% | +8.2% |
| 2024 | 40.2% | -1.2% |
| 2025 | 41.9% | +4.2% |
Biggest year-on-year movements
Years where Travel services in Latin America & the Caribbean (IDA & IBRD countries) 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 |
|---|---|---|---|
| 2020 | -37.5% | 43.6% | 27.3% |
| 1998 | +33.9% | 37.3% | 50.0% |
| 2022 | +29.7% | 29.0% | 37.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 43.5% | 43.5% | 43.5% | 1 |
| 1980s | 38.0% | 35.1% | 43.0% | 10 |
| 1990s | 41.0% | 36.8% | 50.0% | 10 |
| 2000s | 46.6% | 43.4% | 50.2% | 10 |
| 2010s | 42.6% | 40.5% | 45.0% | 10 |
| 2020s | 36.1% | 27.3% | 41.9% | 6 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
More private sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Merchandise trade 44.2% (2025)
- Food imports 9.0% (2024)
- Manufactures imports 73.2% (2024)
- Merchandise imports 1.57 trillion current US$ (2025)
- Food exports 19.7% (2025)
- Manufactures exports 56.4% (2025)
- Merchandise exports 1.55 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 2,373 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2193 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.04 % change on previous year (2025)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is travel services in Latin America & the Caribbean (IDA & IBRD countries)?
- Travel services in Latin America & the Caribbean (IDA & IBRD countries) was 41.9% 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 50.2% in 2001.
- What is the lowest travel services recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 27.3% in 2020.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for travel services?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 5th out of 45 groups with data for 2025.
- Is travel services rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is flat.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.