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 2019 to 2029 in billion U.S. dollars. In 2023, Latin America and the Caribbean's GDP amounted to about 6.56 trillion U.S. dollars.

The average for 2023 based on 11 countries was 10329.52 U.S. dollars. The highest value was in Guyana: 23325.12 U.S. dollars and the lowest value was in Bolivia: 3168.73 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

As of 2023, Brazil's Gross Domestic Product (GDP) amounted to more than 2.1 trillion US dollars. That amount was not only more than all other South American countries' GPDs combined, but also puts Brazil in 8th place worldwide. Argentina came in second, with around 621 billion USD this same year.

GDP per capita is gross domestic product divided by midyear population. 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. Data are in current U.S. dollars.

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.

The average for 2021 based on 12 countries was 7.72 percent. The highest value was in Brazil: 9.89 percent and the lowest value was in Venezuela: 4.04 percent. The indicator is available from 2000 to 2022. Below is a chart for all countries where data are available.

Graph and download economic data for Gross Domestic Product for Developing Countries in Latin America and Caribbean (NYGDPMKTPCDLAC) from 1960 to 2023 about Caribbean Economies, Latin America, and GDP.

The average for 2023 based on 19 countries was 19567 U.S. dollars. The highest value was in Puerto Rico: 42995 U.S. dollars and the lowest value was in Haiti: 2956 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

As of 2023, Uruguay was the country in South America with the largest Gross Domestic Product per capita, with 21,377.63 US dollars. Guyana landed in second place, with 20,264.64 US dollars per capita. When it comes to the total GDP in South America, Brazil led the region this year with more than 2 trillion U.S. dollars.

Graph and download economic data for Constant GDP per capita: All Income Levels for Latin America and Caribbean (NYGDPPCAPKDLCN) from 1960 to 2023 about Caribbean Economies, Latin America, per capita, income, and GDP.

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.

The average for 2023 based on 19 countries was 341.02 billion U.S. dollars. The highest value was in Brazil: 2173.67 billion U.S. dollars and the lowest value was in Nicaragua: 17.83 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The average for 2021 based on 17 countries was 48.16 percent. The highest value was in Bolivia: 77.91 percent and the lowest value was in Haiti: 24.17 percent. The indicator is available from 1960 to 2021. Below is a chart for all countries where data are available.

This statistic shows the share of economic sectors in gross domestic product (GDP) in Latin America & Caribbean from 2013 to 2023. In 2023, the share of agriculture in Latin America & Caribbean's gross domestic product was 6.51 percent, industry contributed approximately 31.04 percent and the services sector contributed approximately 65.43 percent.

La moyenne pour 2023 était de -4.91 pour cent. La valeur la plus élevée était au Porto Rico: 6.12 pour cent et la valeur la plus basse était au Honduras: -23.93 pour cent. Vous trouverez ci-dessous un graphique pour tous les pays où les données sont disponibles.

Graph and download economic data for Gross Domestic Product: All Income Levels for Latin America and Caribbean (NYGDPMKTPCDLCN) from 1960 to 2023 about Caribbean Economies, Latin America, gross, domestic, production, and income.

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.

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.

This scatter chart displays net migration (people) against GDP (current US$) and is filtered where the region is South America. The data is about countries per year.