Haiti is expected to experience the worst economic recession in Latin America and the Caribbean in 2024. Haiti's gross domestic product (GDP) in 2024 is forecast to be 3 percent lower than the value registered in 2023, based on constant prices. Aside from Argentina, Haiti, and Puerto Rico, most economies in the region were likely to experience economic growth in 2024, most notably, Guyana.

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.

Latin America & Caribbean gdp growth rate for 2023 was 2.09%, a 1.88% decline from 2022.

<ul style='margin-top:20px;'>

<li>Latin America & Caribbean gdp growth rate for 2022 was <strong>3.96%</strong>, a <strong>3.09% decline</strong> from 2021.</li>
<li>Latin America & Caribbean gdp growth rate for 2021 was <strong>7.05%</strong>, a <strong>13.64% increase</strong> from 2020.</li>
<li>Latin America & Caribbean gdp growth rate for 2020 was <strong>-6.59%</strong>, a <strong>7.28% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

In 2022, the regional gross domestic product (GDP) in Latin America and the Caribbean grew more than four percent compared to the previous year. In 2020, the GDP of all the subregion shrunk, with Central America being the worst hit by the economic crisis spawned from the coronavirus pandemic, with a real GDP decrease of seven percent. This was the first time that this part of Latin America experiences a GDP fall since at least 2016. Forecasts for 2023 are fairly optimistic as well.

NY.GDP.MKTP.KD.ZG. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The Gender Statistics database is a comprehensive source for the latest sex-disaggregated data and gender statistics covering demography, education, health, access to economic opportunities, public life and decision-making, and agency.

The average for 2025 based on 20 countries was 2.14 percent. The highest value was in Argentina: 5.5 percent and the lowest value was in Venezuela: -4 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

As of April 2021, Mexico's gross domestic product (GDP) was forecasted to increase by five percent during 2021. Mexico was one of the Latin American countries that faced the worst recession after the COVID-19 pandemic, as its GDP fell over eight percent in 2020. Among the biggest economies in the region, Brazil was expected to experience one of the lowest GDP growth in 2021, at around 3.7 percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Latin America & Caribbean economic growth for 2023 was 7.100 trillion US dollars, a 11.9% increase from 2022.

<ul style='margin-top:20px;'>

<li>Latin America & Caribbean economic growth for 2022 was <strong>6.345 trillion US dollars</strong>, a <strong>13.69% increase</strong> from 2021.</li>
<li>Latin America & Caribbean economic growth for 2021 was <strong>5.581 trillion US dollars</strong>, a <strong>16.14% increase</strong> from 2020.</li>
<li>Latin America & Caribbean economic growth for 2020 was <strong>4.806 trillion US dollars</strong>, a <strong>15.09% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Using a panel of 17 Latin American countries for the period 2002–18, we study the impact of economic variables on government approval. Our empirical analysis shows that the one variable that appears consistently in all estimates is economic growth. More specifically, we show that for each point of additional growth, the approval rating increases between 1.4 and 2.0 percentage points. This tells us that a program focused on growth has a positive influence on the popularity of the government.

Guyana had the highest real gross domestic product (GDP) in the Americas in 2023, reaching ** percent. Panama followed behind with *** percent. On the other hand, the GDP of Haiti decreased by *** percent in 2023.

Central America gdp growth rate for was 0.00%, a 0% increase from .

<ul style='margin-top:20px;'>

<li>Central America gdp growth rate for was <strong>0.00%</strong>, a <strong>0% increase</strong> from .</li>
<li>Central America gdp growth rate for was <strong>0.00%</strong>, a <strong>0% increase</strong> from .</li>
<li>Central America gdp growth rate for was <strong>0.00%</strong>, a <strong>0% increase</strong> from .</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in From Rapid Recovery to Slowdown: Why Recent Economic Growth in Latin America Has Been Slow, PIIE Policy Brief 15-6. If you use the data, please cite as: De Gregorio, José. (2015). From Rapid Recovery to Slowdown: Why Recent Economic Growth in Latin America Has Been Slow. PIIE Policy Brief 15-6. Peterson Institute for International Economics.

economic growth for 2023 was 6.773 trillion US dollars, a 12.03% increase from 2022.

<ul style='margin-top:20px;'>

<li> economic growth for 2022 was <strong>6.045 trillion US dollars</strong>, a <strong>13.84% increase</strong> from 2021.</li>
<li> economic growth for 2021 was <strong>5.310 trillion US dollars</strong>, a <strong>16.42% increase</strong> from 2020.</li>
<li> economic growth for 2020 was <strong>4.561 trillion US dollars</strong>, a <strong>15.75% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Low (GDPC1CTL) from 2025 to 2027 about projection, real, GDP, rate, and USA.

La moyenne pour 2023 était de 2.32 pour cent. La valeur la plus élevée était au Panama: 7.4 pour cent et la valeur la plus basse était au Haïti: -1.86 pour cent. Vous trouverez ci-dessous un graphique pour tous les pays où les données sont disponibles.

Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Midpoint (GDPC1CTMLR) from 2009-02-18 to 2025-06-18 about projection, real, GDP, rate, and USA.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

According to a study, the global economy is expected to face a negative deviation in GDP growth due to climate change by the year 2048. The largest economies in Latin America are no exception: Mexico, for instance, is projected to experience a decrease of almost 0.6 percent in its real GDP, in a scenario where global temperatures increase by 4.1 degrees Celsius, compared to the baseline period from 1986 to 2005. In this same scenario, Colombia would face a decrease of almost one percent in its real GDP by 2048.

According to recent estimates, the most affected sectors by the coronavirus pandemic in Latin America would be wholesale and retail trade as well as services in general, such as tourism, foodservice, transport, and communications. In 2020, this group of most affected sectors was forecasted to represent more than 16 percent of Brazil’s gross domestic product (GDP). Among the countries shown in this graph, Brazil is the nation where sectors moderately affected by the pandemic could represent the highest contribution to GDP (75.8 percent).

Which Latin American economies were most vulnerable to the pandemic? In 2020, the economic sectors most affected by the coronavirus pandemic - wholesale and retail, hotels and restaurants, transport and services in general - were forecasted to account for 35.5 percent of Panama’s GDP. In addition, the moderately and most affected economic segments were estimated to contribute the most to Panama’s GDP (a combined 97.6 percent) than any other country in this region. A similar scenario was projected in Mexico, where the sectors that would least suffer the pandemic's negative effects would account for only 3.4 percent of GDP.

Did the pandemic put a stop to economic growth in Latin America? Economic growth changed dramatically after the COVID-19 outbreak. Most of the largest economies in Latin America fell under recession in 2020. Estimates predict a more optimistic scenario for 2021, with countries such as Mexico, Colombia, and Argentina growing their GDP at least five percent.

Key information about Peru Nominal GDP Growth

• Peru Nominal GDP Growth was reported at 5.953 % in Dec 2022.
• This records an increase from the previous number of 5.780 % for Sep 2022.
• Peru Nominal GDP Growth data is updated quarterly, averaging 8.674 % from Mar 1991 to Dec 2022, with 128 observations.
• The data reached an all-time high of 4,157.268 % in Mar 1991 and a record low of -27.922 % in Jun 2020.
• Peru Nominal GDP Growth 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: Nominal GDP: Y-o-Y Growth: Quarterly: North and South America.