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 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.

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 2024 based on 11 countries was 12338.87 U.S. dollars. The highest value was in Guyana: 29883.63 U.S. dollars and the lowest value was in Bolivia: 4001.21 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Brazil, the most populated country and the economy with the highest GDP in Latin America, had the largest market research revenue in the region in 2022. Out of all the Latin American and Caribbean countries included in the study, Brazil ranked first, with a market research revenue of *** million U.S. dollars, followed by Mexico, with *** million U.S. dollars.

The statistic shows the largest countries in South America, based on land area. Brazil is the largest country by far, with a total area of over 8.5 million square kilometers, followed by Argentina, with almost 2.8 million square kilometers.

In the beginning of March 2020, Chile reported its first cases of COVID-19. By the end of the month, online marketplace Mercado Libre had seen online orders grow by *** percent, making it the Latin American country with the largest increase in online orders during this period. Meanwhile, Colombia ranked second, with online orders growing by *** percent, followed by Mexico with a *** percent growth rate.

List of Top Authors of Latin American Political Economy sorted by citations.

List of Top Disciplines of Latin American Economic Review sorted by citations.

In 2022, tax revenues in Brazil represented 33.3 percent of its GDP. This made it the country with the largest volume of taxes in relation to gross domestic product in Latin America and the Caribbean. In Barbados and Argentina, tax revenue was equal to approximately one third of GDP. Guyana, on the other hand, was the nation with the lowest share of tax to GDP, at only 10.6 percent, almost eleven percentage points below the regional average, 21.5 percent.

In 2023, Puerto Rico ranked first by share of value added by the manufacturing industry to the gross domestic product among the 24 territories presented in the ranking. Puerto Rico's share amounted to 45.60 percent, while Suriname and Haiti, the second and third territories, had records amounting to 25.61 percent and 24.48 percent, respectively.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of 2024, three out of ten Latin American and Caribbean cities with the highest local purchasing power were located in Mexico. With an index score of 51.3, people in Querétaro had the highest domestic purchasing power in Mexico. In South America, the city with the highest domestic purchasing power for 2024 was Montevideo, scoring 53 index points.

This statistic represents the logistics sector as percentage of gross domestic product (GDP) in selected Latin American countries in 2020. In that year, the logistics market in Peru and Colombia accounted for **** percent of the respective countries' GDP.

In 2024, Brazil was by far the leading petroleum-producing country in Latin America and the Caribbean, with nearly 4.3 million barrels of crude oil, natural gas plant liquids (NGPL), and other related liquids produced per day. Mexico ranked second that year, with around two million barrels per day. Venezuela's oil industry Despite holding the largest oil reserves worldwide, accounting for almost one fifth of global proven reserves, Venezuela’s oil production plummeted. Boasting more than three million barrels per day one decade earlier, the nation now ranks fifth in the Latin American region, trailing behind both Colombia and Argentina. One of the founding members of OPEC, Venezuela’s oil sector faces a myriad of challenges, from insufficient funding and a national political crisis, to sanctions from its main oil importer, the U.S. Emerging producer Guyana In contrast to its struggling neighbor, Guyana has quickly become a promising emerging producer. With promising reserves discovered in the past decade, exploration on the block operated by U.S. ExxonMobil began in December 2019. Five years on, production reached an average of 617,000 barrels per day, granting Guyana a position amongst the top six petroleum-producing countries in Latin America. In 2024, Guyana's crude oil export value reached nearly 18 billion U.S. dollars.

As of mid-2025, Mexico led the list of Latin American countries with the largest number of hotel rooms under construction, with more than ****** in total. The Dominican Republic followed second by a wide margin.

In 2023, Mexico received nearly **** billion U.S. dollars worth of remittances, making it the Latin American country with the highest value of international deposits received that year. Guatemala ranked second, with remittances amounting to nearly ** billion dollars. In total, the value of remittances in Latin America and the Caribbean exceeded *** billion U.S. dollars in 2023.

Honduras, El Salvador, and Nicaragua were the most likely receivers of remittances in Latin America in 2023, with GDP shares being nearly ** times than in Brazil. This is according to a calculation that looks at the share of remittance inflow in the GDP of several countries, territories, and islands across the region. Note that the figures shown here are "personal" remittances and not "total" remittances. While technically different, oftentimes the two types of remittances have the same figures due to a general lack of data tracking. Remittances had the most impact on Honduras' economy in 2022, when incoming money transfers from abroad made up roughly ** percent of the country's GDP.

In 2026, Mexico was forecast to hold approximately ** percent of the e-commerce market in Latin America and the Caribbean, closely followed by Brazil with over ** percent of the e-commerce revenue in the region. Throughout the year, various economies in the region were poised to increase their market share, with Brazil and Mexico exhibiting the most substantial growth in online sales. The largest market has a foreign leader In 2024, Latin America saw its largest e-commerce economy thrive. That year, online shopping in Brazil generated nearly *** billion Brazilian reals in revenue. Competition among online retailers for Brazilian shoppers is fierce, but Mercado Libre (Mercado Livre in Brazil), founded in Argentina, remains at the forefront. In February 2025 alone, this marketplace attracted close to *** million shoppers to its platform, surpassing its closest rival, Amazon Brasil, by around ** percent. Mobile commerce: a game-changer Mobile devices have played a pivotal role in democratizing internet access and online purchasing in Latin America. By the end of 2025, mobile retail e-commerce sales in the region were forecast to reach approximately *** billion U.S. dollars, quadrupling the 2019 figures before the COVID-19 pandemic. In Brazil, books were the most purchased product category via mobile devices in 2024.