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.

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.

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.

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.

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.

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.

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.

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.

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.

In 2024, Panama was estimated to be the most tourism-dependent economy in Latin America, with the sector accounting for 15.3 percent of its gross domestic product (GDP). El Salvador followed in the ranking that year, with a share of tourism contribution to GDP above 15 percent too.

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 August of 2025.

The average for 2022 based on 17 countries was -3.33 percent. The highest value was in Bolivia: 2.1 percent and the lowest value was in Chile: -8.7 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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.

The average for 2023 based on 11 countries was 7.99 percent. The highest value was in Bolivia: 13.47 percent and the lowest value was in Chile: 3.49 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 19 countries was 19884 U.S. dollars. The highest value was in Puerto Rico: 44125 U.S. dollars and the lowest value was in Haiti: 2801 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

The Gross Domestic Product per capita in Dominican Republic was last recorded at 9168.29 US dollars in 2024. The GDP per Capita in Dominican Republic is equivalent to 73 percent of the world's average. This dataset provides - Dominican Republic GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Venezuela was the most indebted country in Latin America and the Caribbean based on total government debt as a percentage of gross domestic product (GDP). The lowest general government debt to GDP ratio in the region was found in Haiti, where the total public debt accounted for only **** percent of the country's GDP as of 2024.

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.

The average for 2024 based on 11 countries was 5.66 percent. The highest value was in Guyana: 43.37 percent and the lowest value was in Ecuador: -2 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.