On average, every worker in the services industry in Latin America and the Caribbean contributed with an added value around 18.4 thousand U.S. dollars to the regional gross domestic product (GDP) in 2019. In 2013 and 2014, this contribution per worker in the services sector had exceeded 19 thousand dollars.
The services industry comprises wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional, and personal services such as education, health care, and real estate. The added value is calculated by subtracting the cost of intermediate goods and services from the sector's total GDP.
Value added by the services industry to the gross domestic product (GDP) per worker in Latin America and the Caribbean from 2010 to 2019
(in U.S. dollars)
Values in constant U.S. dollars based on 2010 prices
Supplementary notes
Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.
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World Bank. (March 9, 2021). Value added by the services industry to the gross domestic product (GDP) per worker in Latin America and the Caribbean from 2010 to 2019 (in U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1070862/latin-america-services-sector-value-added-gdp-per-worker/
World Bank. "Value added by the services industry to the gross domestic product (GDP) per worker in Latin America and the Caribbean from 2010 to 2019 (in U.S. dollars)." Chart. March 9, 2021. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1070862/latin-america-services-sector-value-added-gdp-per-worker/
World Bank. (2021). Value added by the services industry to the gross domestic product (GDP) per worker in Latin America and the Caribbean from 2010 to 2019 (in U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1070862/latin-america-services-sector-value-added-gdp-per-worker/
World Bank. "Value Added by The Services Industry to The Gross Domestic Product (Gdp) per Worker in Latin America and The Caribbean from 2010 to 2019 (in U.S. Dollars)." Statista, Statista Inc., 9 Mar 2021, https://www.statista.com/statistics/1070862/latin-america-services-sector-value-added-gdp-per-worker/
World Bank, Value added by the services industry to the gross domestic product (GDP) per worker in Latin America and the Caribbean from 2010 to 2019 (in U.S. dollars) Statista, https://www.statista.com/statistics/1070862/latin-america-services-sector-value-added-gdp-per-worker/ (last visited December 30, 2024)
Value added by the services industry to the gross domestic product (GDP) per worker in Latin America and the Caribbean from 2010 to 2019 (in U.S. dollars) [Graph], World Bank, March 9, 2021. [Online]. Available: https://www.statista.com/statistics/1070862/latin-america-services-sector-value-added-gdp-per-worker/
