Tradable GDP (Constant Prices)

Tradable GDP at constant prices measures the value of gross domestic product generated by the tradable sectors of an economy — such as manufacturing, mining and agriculture — valued at the constant prices of a fixed base year. Part of the Inter-American Development Bank (IDB) Latin Macro Watch, this indicator helps researchers, policymakers and journalists track the structure of growth across Latin America and the Caribbean. The classification of tradable sectors may vary by country; tradable and non-tradable shares are computed as a percentage of total GDP at constant prices, with any discrepancy between sectoral value added and GDP at market prices allocated proportionally so the components sum to total GDP.

Coverage

The series covers 25 countries across Latin America and the Caribbean at annual and quarterly frequency over the period 1990–2026. Values are available in millions of domestic currency, as an index (2023 = 100), and as a share (% of GDP), with quarter-on-quarter (QoQ %) and year-on-year (YoY %) transformations.

Sources

Data are compiled by the IDB from national statistical agencies and central banks, including the Bahamas National Statistical Institute, and through internal calculations based on sources such as DANE (Colombia), INEGI (Mexico) and the Instituto de Pesquisa Econômica Aplicada (Brazil). See the resource notes for the full source list and country-specific methodology.

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Format	CSV
Language	en
Country	Argentina Bahamas Trinidad & Tobago Belize Costa Rica Dominican Republic Ecuador Bolivia Brazil Chile Colombia El Salvador Jamaica Mexico Nicaragua Guatemala Guyana Haiti Honduras Panama Uruguay Venezuela Barbados Paraguay Peru Suriname
Data notes	What does Tradable GDP (Constant Prices) measure? It measures the value of GDP produced by tradable sectors such as manufacturing, mining and agriculture, valued at the constant prices of a fixed base year to strip out inflation. How many countries and what time period does it cover? The indicator covers 25 countries across Latin America and the Caribbean over the period 1990–2026. At what frequencies is the data available? Data are published at annual and quarterly frequency. What units and transformations are available? Values are available in millions of domestic currency, as an index (2023 = 100) and as a percentage of GDP, with quarter-on-quarter (QoQ %) and year-on-year (YoY %) changes. Where does the data come from? The IDB compiles the series from national statistical agencies and central banks, including the Bahamas National Statistical Institute, and through internal calculations based on sources such as DANE (Colombia), INEGI (Mexico) and the Instituto de Pesquisa Econômica Aplicada (Brazil). What is this indicator typically used for? It is used to analyze the structure of economic growth, the size of export-exposed sectors and the balance between tradable and non-tradable activity across the region. How do I cite this indicator? Cite as: Inter-American Development Bank (IDB), Latin Macro Watch — "Tradable GDP (Constant Prices)." data.iadb.org/dataset/latin-macro-watch-dataset.