Non Tradable GDP (Constant Prices)

Non Tradable GDP (Constant Prices) measures the value of gross domestic product generated by the non-tradable sectors of an economy — such as construction, retail trade and most services — valued at constant prices of a fixed base year. This indicator is part of the Latin Macro Watch (LMW) database curated by the Inter-American Development Bank (IDB), the most comprehensive macroeconomic data source for Latin America and the Caribbean. Tradable and non-tradable shares are computed as a percentage of total GDP at constant prices; because sectoral aggregates are built from value added while total GDP is at market prices, any discrepancy is allocated proportionally between the two components so their sum equals total GDP.

Coverage

Data are available for 25 countries across Latin America and the Caribbean at annual and quarterly frequency, spanning 1990–2026. Values are reported 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

Series are compiled from national statistical institutes and central banks — including the Bahamas National Statistical Institute, DANE (Colombia), INE - Chile, INEGI - Mexico, INDEC - Argentina and the Instituto de Pesquisa Econômica Aplicada — with non-tradable output derived as the residual of gross value added excluding tradable sectors following the LMW 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 Non Tradable GDP (Constant Prices) measure? It measures the output of non-tradable sectors — construction, retail trade and most services — valued at constant prices of a fixed base year, expressed as the residual of gross value added excluding tradable sectors. How many countries and which frequencies and period are covered? The indicator covers 25 countries across Latin America and the Caribbean at annual and quarterly frequency, spanning 1990 to 2026. What units and transformations are available? Values are available in millions of domestic currency, as an index (2023 = 100) and as a share of GDP (% of GDP), with quarter-on-quarter (QoQ %) and year-on-year (YoY %) transformations. Where does the data come from? Series are compiled from national statistical institutes and central banks, including the Bahamas National Statistical Institute, DANE (Colombia), INE - Chile, INEGI - Mexico, INDEC - Argentina and the Instituto de Pesquisa Econômica Aplicada, with internal calculations applied following the LMW methodology. What are typical uses of this indicator? It is used to analyze the structure of economic activity, gauge the weight of domestically oriented sectors relative to tradables, and study real-exchange-rate and competitiveness dynamics across Latin America and the Caribbean. How do I cite this indicator? Cite as: Inter-American Development Bank (IDB), Latin Macro Watch — "Non Tradable GDP (Constant Prices)". data.iadb.org/dataset/latin-macro-watch-dataset.