The Latin Grammy Award for Record of the Year is an honor presented annually at the Latin Grammy Awards, a ceremony that recognizes excellence and creates a wider awareness of cultural diversity and contributions of Latin recording artists in the United States and internationally. The award is given to the performers, producers, audio engineers and mastering engineer for new songs in Spanish or Portuguese language. The songs included on an album released the previous year of submission are also eligible only if they have not been submitted to competition before. Instrumental songs are also eligible. Due to the increasing musical changes in the industry, from 2012 the category includes 10 nominees, according to a restructuration made by the academy for the four general categories: Song of the Year, Album of the Year, Best New Artist and Record of the Year.

"Livin' la Vida Loca" is a song recorded by Puerto Rican singer Ricky Martin for his fifth studio album and English-language debut, Ricky Martin (1999). The song was written by Draco Rosa and Desmond Child, while the production was handled by the latter. It was released to radio stations by Columbia Records as the lead single from the album on March 27, 1999. A Latin pop and dance song with elements of salsa, surf, and ska, it is about an irresistible, particularly sinister, wild woman who lives on the edge, seducing others into her crazy world. The song received acclaim from music critics, who complimented its lyrics and danceable rhythm. It was ranked as the best 1990s pop song by Elle, and was listed among the Best Latin Songs of All Time by Billboard.