As of 2024, Panama registered the highest Gross Domestic Product (GDP) per capita in Central America with around 36,570 PPP USD. In contrast, Honduras had the lowest GDP per capita with less than 6,690 USD.
In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America
GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America
Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.
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O médio por 2023 foi 19519 U.S. dollars.O valor mais alto foi em Porto Rico: 42995 U.S. dollars e o valor mais baixo foi em Haiti: 2956 U.S. dollars. Abaixo há um gráfico para todos os países onde existem dados disponíveis.
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Graph and download economic data for Constant GDP per capita: All Income Levels for Latin America and Caribbean (NYGDPPCAPKDLCN) from 1960 to 2024 about Caribbean Economies, Latin America, per capita, income, and GDP.
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Historical chart and dataset showing Central America GDP per capita by year from N/A to N/A.
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This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.
In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.
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Graph and download economic data for Gross Domestic Product Per Capita: All Income Levels for Latin America and Caribbean (NYGDPPCAPCDLCN) from 1960 to 2024 about Caribbean Economies, Latin America, per capita, income, and GDP.
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Graph and download economic data for Constant GDP per capita for Developing Countries in Latin America and Caribbean (NYGDPPCAPKDLAC) from 1960 to 2023 about Caribbean Economies, Latin America, per capita, and GDP.
In 2023, four Caribbean nations were the countries with the highest gross national income per capita in Latin America and the Caribbean. On average, the national gross income amounted to around 31,990 U.S. dollars per person in the Bahamas, an island country which also had one of the highest gross domestic product per capita in this region. Outside the Caribbean Excluding the Caribbean, the economies with the highest national income per capita are generally located in South America, with the exceptions of Panama, Costa Rica and Mexico. Guyana leads among continental states with a national income of around 20.360 U.S. dollars per person. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. The biggest economies Brazil and Mexico are still miles ahead in the race for the biggest economy of Latin America. As of 2023, both nations exceeded the two trillion U.S. dollars mark in their Gross Domestic Product (GDP). While Argentina's GDP, third place, slightly surpassed the 600 billion U.S. dollars. Nonetheless, both nations also ranked as the most populated by far in the region.
Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.
As of 2024 estimates, Costa Rica registered the highest gross domestic product (GDP) in Central America with around 83 billion USD, closely followed by Panama. In contrast, Belize ranked with the lowest GDP with just over 2.7 billion USD.
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Constant GDP per capita: All Income Levels for Latin America and Caribbean was 9084.67549 2010 U.S. $ in January of 2023, according to the United States Federal Reserve. Historically, Constant GDP per capita: All Income Levels for Latin America and Caribbean reached a record high of 9084.67549 in January of 2023 and a record low of 3280.49935 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for Constant GDP per capita: All Income Levels for Latin America and Caribbean - last updated from the United States Federal Reserve on June of 2025.
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This bar chart displays GDP (current US$) by capital city using the aggregation sum in Central America. The data is filtered where the date is 2021. The data is about countries per year.
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GDP per capita (constant 2015 US$) in Latin America & Caribbean was reported at 8861 USD in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latin America & Caribbean - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
This statistic shows gross domestic product (GDP) of Latin America and the Caribbean from 2020 to 2030 in billion U.S. dollars. In 2024, Latin America and the Caribbean's GDP amounted to about 6.76 trillion U.S. dollars.
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This horizontal bar chart displays GDP (current US$) by capital city using the aggregation sum in Central America. The data is about countries.
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GDP per Capita: USD: Paraguay data was reported at 5,704.547 USD in 2017. This records an increase from the previous number of 5,302.316 USD for 2016. GDP per Capita: USD: Paraguay data is updated yearly, averaging 1,091.376 USD from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 6,006.168 USD in 2014 and a record low of 55.364 USD in 1951. GDP per Capita: USD: Paraguay data remains active status in CEIC and is reported by CEIC Data. The data is categorized under World Trend Plus’s Global Economic Monitor – Table: GDP Per Capita: USD: North and South America. The Central Bank of Paraguay provides GDP per Capita in USD.
GDP per capita (current US$) is an economic indicator that measures the average economic output per person in a country. It is calculated by dividing the total Gross Domestic Product (GDP) of a country by its population, both measured in current US dollars. GDP per capita provides a useful metric for comparing the economic well-being and living standards between different countries.
There are various sources where you can find GDP per capita data, including international organizations, government agencies, and financial institutions. Some prominent sources for GDP per capita data include:
World Bank: The World Bank provides comprehensive data on GDP per capita for countries around the world. They maintain the World Development Indicators (WDI) database, which includes GDP per capita figures for different years.
International Monetary Fund (IMF): The IMF also offers GDP per capita data through their World Economic Outlook (WEO) database. It provides economic indicators and forecasts, including GDP per capita figures for various countries.
National Statistical Agencies: Many countries have their own national statistical agencies that publish GDP per capita data. These agencies collect and analyze economic data, including GDP and population figures, to calculate GDP per capita.
Central Banks: In some cases, central banks may also provide GDP per capita data for their respective countries. They often publish economic indicators and reports that include GDP per capita figures.
When using GDP per capita data, it's important to note that it represents an average measure and does not necessarily reflect the distribution of wealth within a country. Additionally, GDP per capita figures are often adjusted for inflation to provide real GDP per capita, which accounts for changes in the purchasing power of money over time.
To access the most up-to-date and accurate GDP per capita data, it is recommended to refer to reputable sources mentioned above or consult the official websites of international organizations, government agencies, or central banks that specialize in economic data and analysis.
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GDP per capita (constant 2015 US$) in Latin America & Caribbean (excluding high income) was reported at 8350 USD in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latin America & Caribbean (excluding high income) - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
As of 2024, Panama registered the highest Gross Domestic Product (GDP) per capita in Central America with around 36,570 PPP USD. In contrast, Honduras had the lowest GDP per capita with less than 6,690 USD.