In 2025, 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 2.3 trillion U.S. dollars, whereas Mexico's amounted to almost 1.8 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.

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.

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.

Graph and download economic data for Gross Domestic Product for Developing Countries in Latin America and Caribbean (NYGDPMKTPCDLAC) from 1960 to 2024 about Caribbean Economies, Latin America, and GDP.

The average for 2024 based on 19 countries was 9620.41 U.S. dollars. The highest value was in Puerto Rico: 30914.37 U.S. dollars and the lowest value was in Haiti: 1154.87 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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.

The average for 2023 based on 19 countries was 29.68 percent. The highest value was in Puerto Rico: 53.7 percent and the lowest value was in Haiti: 5.27 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2021 based on 17 countries was 4.37 percent. The highest value was in Bolivia: 7.96 percent and the lowest value was in Haiti: 1.24 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.

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.

Graph and download economic data for Gross Domestic Product: All Income Levels for Latin America and Caribbean (NYGDPMKTPCDLCN) from 1960 to 2024 about Caribbean Economies, Latin America, gross, domestic, production, and income.

This statistic shows the share of economic sectors in gross domestic product (GDP) in Latin America & Caribbean from 2014 to 2024. In 2024, the share of agriculture in Latin America & Caribbean's gross domestic product was 6.26 percent, industry contributed approximately 30.32 percent and the services sector contributed approximately 65.55 percent.

In 2025, 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 2.3 trillion U.S. dollars, whereas Mexico's amounted to almost 1.8 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.

The average for 2023 based on 18 countries was 8.01 percent. The highest value was in Nicaragua: 26.18 percent and the lowest value was in Chile: 0.02 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.

Historical dataset showing Latin America & Caribbean GDP by year from 1960 to 2023.

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 2022, it was estimated that public debt in Latin American and the Caribbean countries would represent over 69 percent of the region's total gross domestic product (GDP). Overall, the public debt-to-GDP ratio in he region has grown constantly from 2012 until 2022.

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 September of 2025.

GDP per Capita: USD: United States data was reported at 59,774.000 USD in 2017. This records an increase from the previous number of 57,797.000 USD for 2016. GDP per Capita: USD: United States data is updated yearly, averaging 6,725.000 USD from Dec 1929 (Median) to 2017, with 89 observations. The data reached an all-time high of 59,774.000 USD in 2017 and a record low of 455.000 USD in 1933. GDP per Capita: USD: United States 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 Bureau of Economic Analysis provides annual GDP per Capita in USD.

Historical dataset showing Latin America & Caribbean GDP per capita by year from 1960 to 2023.

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.