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 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.

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.

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 2023 based on 10 countries was 53.56 billion U.S. dollars. The highest value was in Brazil: 289.79 billion U.S. dollars and the lowest value was in Suriname: 0.88 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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 average for 2023 based on 20 countries was 32.24 million. The highest value was in Brazil: 216.42 million and the lowest value was in Puerto Rico: 3.21 million. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The South American challenger bank market, valued at $389.26 million in 2025, is experiencing robust growth, projected to expand significantly over the forecast period (2025-2033) at a Compound Annual Growth Rate (CAGR) of 12.57%. This surge is driven by several key factors. Increasing smartphone penetration and internet access across the region are fostering a digitally savvy population increasingly comfortable with online banking services. Furthermore, the region's underserved populations, lacking access to traditional banking services, present a vast untapped market for challenger banks offering convenient and accessible financial products. The increasing demand for personalized financial solutions and a preference for user-friendly mobile-first banking experiences are additional significant drivers. Competition among established players and the emergence of innovative fintech companies further fuels market dynamism. Growth is segmented across service types (payments, savings, current accounts, credit, loans) and end-users (business and personal segments). Brazil, as the largest economy in South America, is anticipated to hold a dominant market share, followed by other major economies like Argentina, Colombia, and Chile. However, growth potential exists across all countries within the region. Despite the considerable growth potential, the market faces certain challenges. Regulatory hurdles and the need for robust cybersecurity infrastructure remain key restraints. Furthermore, building trust and brand awareness within a market accustomed to traditional banking institutions requires significant investment in marketing and customer acquisition strategies. Nevertheless, the overall positive trajectory of the South American challenger banking sector indicates a promising future for innovative financial institutions catering to the evolving needs of the region's population. The ongoing evolution of financial technology and increasing financial inclusion initiatives will further fuel market growth, attracting significant investment and fostering competition in the years to come. South America Challenger Banks Market: A Comprehensive Report (2019-2033) This comprehensive report provides a detailed analysis of the dynamic South America challenger banks market, encompassing the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and future trends, making it an essential resource for investors, industry professionals, and strategic decision-makers. The report utilizes 2025 as the base year and provides forecasts until 2033, incorporating data from the historical period (2019-2024). This report covers key players such as NU Bank, Uala, Albo, Nequi, DaviPlata, Banco Inter, Neon, C6 bank, and Burbank (list not exhaustive). Recent developments include: In November 2023, N26, a German challenger bank, announced its exit from Brazil, marking the end of its two-year stint in the South American market. This move aligns with N26's strategic shift in geographical focus. The bank made its foray into Brazil in 2021, having obtained a Sociedade de Crédito Direto (SCD) license from the Banco Central do Brasil., In October 2023, Nubank had introduced over 40 new products and features, including innovative credit options like FGTS anniversary withdrawal anticipation and NuConsignado for INSS retirees and pensioners. With operations in Brazil, Colombia, and Mexico, Nubank has exceeded 90 million customers in Latin America, solidifying its position as one of the world's fastest-growing financial services firms.. Notable trends are: Rising Fintech Investments in South America Fueling the Growth.

The average for 2021 based on 12 countries was 25 people per square km. The highest value was in Ecuador: 72 people per square km and the lowest value was in Guyana: 4 people per square km. The indicator is available from 1961 to 2021. Below is a chart for all countries where data are available.

This horizontal bar chart displays GDP (current US$) by ISO 3 country code using the aggregation sum in South America. The data is filtered where the date is 2023. The data is about countries per year.

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.

The South American handbags market, valued at approximately $XX million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 4.10% from 2025 to 2033. This growth is fueled by several key factors. Rising disposable incomes across Brazil and Argentina, the region's largest economies, are driving increased consumer spending on luxury and fashion accessories, including handbags. The burgeoning middle class, particularly among young adults, is significantly contributing to this trend, as handbags are viewed as essential fashion items and status symbols. Moreover, the increasing popularity of online retail channels offers convenient access to a wider variety of styles and brands, further stimulating market expansion. E-commerce platforms specifically targeting the South American market are playing a crucial role in this growth.
However, certain challenges persist. Economic instability in some parts of South America can impact consumer confidence and spending habits, potentially slowing down market growth. Fluctuations in currency exchange rates also present a risk to both local and international brands. Furthermore, the market faces competition from cheaper, locally produced handbags and counterfeit products. The market segmentation reveals a preference for diverse styles, with satchels, clutches, tote bags, and sling bags holding significant market share. The strong presence of both online and offline distribution channels indicates a robust and diversified retail landscape catering to the varying preferences of South American consumers. Leading brands such as LVMH, Kering, Prada, and several prominent local designers are vying for market dominance, highlighting the competitive yet dynamic nature of this segment. The forecast period of 2025-2033 presents a significant opportunity for brands to leverage these trends, focusing on targeted marketing strategies and innovative product offerings to capture the growing consumer base in this promising region. Recent developments include: In January 2022, LVMH opened a second Dior store in Shops Jardins Shopping Center in São Paulo, Brazil. The store features ready-to-wear, handbags, small leather goods, exotic leathers, jewelry, footwear, accessories, and sunglasses., In April 2021, Balenciaga, a major luxury brand from the Kering Group, made its debut in South America by opening its first brick-and-mortar store in the region located at the opulent JK Iguatemi mall in So Paulo. Balenciaga offers is a fashion brand that offers handbags apart from clothing.. Notable trends are: Popularity of Leather Handbags.

The Latin American banking industry is experiencing robust growth, projected to reach $2.14 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 7% through 2033. This expansion is fueled by several key drivers. The surge in fintech adoption across Brazil, Mexico, and other major economies within the region is a significant catalyst. Increased smartphone penetration and internet access are democratizing financial services, particularly benefiting the previously underserved segments of the population. Government initiatives promoting financial inclusion and regulatory changes that encourage innovation in the banking sector are also contributing to this growth. Furthermore, the increasing demand for digital banking solutions, including API-based and cloud-based Banking-as-a-Service (BaaS) offerings, is driving the market's expansion. Companies such as Nubank, Neon, and RappiPay are leading this digital transformation, leveraging technology to offer more accessible and convenient financial services. The market is segmented by component (platform and service), type of BaaS, enterprise size (large and SME), and end-user (banks, fintechs, and others), each exhibiting unique growth trajectories. While challenges remain, such as regulatory hurdles in certain countries and cybersecurity risks associated with digital banking, the overall outlook for the Latin American banking industry remains optimistic, driven by strong technological adoption and a growing demand for modern financial solutions. The significant growth is primarily concentrated in countries with a substantial population and developing digital infrastructure. Brazil and Mexico, for instance, are expected to contribute the most to overall market value, driven by a large unbanked population and increasing adoption of mobile payment solutions. However, countries like Argentina and Chile also contribute significantly to the growth, showcasing varied adoption levels and preferences among different markets. The competitive landscape is marked by the emergence of innovative fintech players alongside established traditional banks. The increasing strategic partnerships between fintech companies and established banks is reshaping the landscape and fostering further innovation. While growth is anticipated across all segments, the API-based BaaS and cloud-based BaaS segments are poised for exceptional growth due to their scalability and cost-effectiveness. The strategic focus should be on leveraging these technologies, ensuring robust cybersecurity measures, and navigating evolving regulatory frameworks to capitalize on the growth opportunities within this dynamic market. This comprehensive report provides an in-depth analysis of the dynamic Latin American banking industry, covering the period from 2019 to 2033. With a focus on the key trends shaping this rapidly evolving sector, the report offers invaluable insights for investors, financial institutions, and fintech companies seeking to navigate this lucrative yet complex market. The study utilizes 2025 as its base year and provides estimations for 2025, with a forecast extending to 2033, drawing upon historical data from 2019-2024. Recent developments include: July 2023: Uala, the Latin American multi-banking fintech, announced a partnership with Western Union. This partnership will enable users of the application to receive money on their smartphones from other users across the globe., January 2023: Nubank, a digital financial service platform, secured a loan of over USD 150 Million from IFC. This will help the company to strengthen its operations and expand access to financial services in Colombia.. Key drivers for this market are: Rise of Internet of Things Devices is Driving The Market, Rise in Cloud Computing Technology is Driving The Market. Potential restraints include: Rise of Internet of Things Devices is Driving The Market, Rise in Cloud Computing Technology is Driving The Market. Notable trends are: Rise in Latin America Fintech Funding as a Driver.

Hong Kong GDP: ES: GOV: Central & South America data was reported at 16.000 HKD mn in 2014. This records an increase from the previous number of 13.000 HKD mn for 2013. Hong Kong GDP: ES: GOV: Central & South America data is updated yearly, averaging 11.000 HKD mn from Dec 2009 (Median) to 2014, with 6 observations. The data reached an all-time high of 16.000 HKD mn in 2014 and a record low of 8.000 HKD mn in 2009. Hong Kong GDP: ES: GOV: Central & South America data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.A172: SNA 2008: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).

The South America ETF market, valued at $9.24 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 5.00% from 2025 to 2033. This growth is fueled by increasing investor interest in emerging markets, particularly South America, driven by factors such as economic diversification, rising middle classes in key countries like Brazil and Colombia, and the region's abundant natural resources. Furthermore, the increasing availability of sophisticated investment vehicles like ETFs makes accessing these markets more accessible to a broader range of investors. Competition among major players like Banco do Brasil, iShares, Itaú Asset Management, and others, further stimulates innovation and product development within the sector, broadening the appeal of South American ETFs. While potential macroeconomic headwinds and geopolitical instability within the region pose challenges, the long-term growth prospects remain positive, supported by consistent economic development in several South American nations. The sustained growth trajectory is underpinned by several key trends. The rising adoption of passive investment strategies globally favors ETF growth. Moreover, regulatory developments aimed at simplifying investments and improving market transparency within South America contribute positively. Though potential economic volatility and currency fluctuations remain risks, the diversification benefits offered by South America ETFs continue to attract investors seeking higher returns, thereby mitigating these risks. The expanding range of ETFs focusing on specific South American sectors (e.g., commodities, technology, financials) further caters to diverse investor preferences, driving market expansion. The market's relatively high concentration among major players indicates potential opportunities for smaller firms to gain market share through niche product offerings and strategic partnerships. Key drivers for this market are: Increased Transparency and the Ability to Trade Throughout the Day, Increased Demand for Low-Cost and Diversified Investment Options. Potential restraints include: Increased Transparency and the Ability to Trade Throughout the Day, Increased Demand for Low-Cost and Diversified Investment Options. Notable trends are: Increase in Number of ETFs.

Hong Kong GDP: IS: INS: Central & South America data was reported at 487.000 HKD mn in 2014. This records a decrease from the previous number of 596.000 HKD mn for 2013. Hong Kong GDP: IS: INS: Central & South America data is updated yearly, averaging 650.500 HKD mn from Dec 2009 (Median) to 2014, with 6 observations. The data reached an all-time high of 1,068.000 HKD mn in 2010 and a record low of 475.000 HKD mn in 2009. Hong Kong GDP: IS: INS: Central & South America data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A172: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).

In 2024, digital influencer advertising spending in Latin America and the Caribbean will surpass an estimated **** billion U.S. dollars, up **** percent from *** million dollars a year earlier. The annual figure was projected to continue to rise in the following years, exceeding **** billion dollars by the end of the decade. As of early 2023, less than ** percent of the population of the region's largest economies – Brazil and Mexico – used social media. The Brazilian influencer ad market Over **** of the adults surveyed in Brazil at the end of 2023 included film, TV, and music among their favorite online influencer genres, with business and economy rounding up the top three, selected by nearly **** of the respondents. According to another late 2023 study, Instagram was the social media platform most brands used for influencer marketing in Brazil. TikTok and YouTube followed, mentioned by around ** and ** percent of participating companies, respectively. Influencer marketing in Mexico Meanwhile, Mexico's most popular influencer genres also included film, TV, and music, but comedy also made it to the top three – all mentioned by over **** of consumers surveyed in 2023. The North American country harbors influencers such as Kimberly Guadalupe Loaiza Martínez, better known as Kim Loaiza, and actress and singer Danna Paola, both of which had over ** million Instagram followers as of early 2023.

This horizontal bar chart displays GDP (current US$) by ISO 2 country code using the aggregation sum in South America. The data is filtered where the date is 2023. The data is about countries per year.

Hong Kong GDP: ES: Central & South America data was reported at 9,587.000 HKD mn in 2016. This records an increase from the previous number of 9,399.000 HKD mn for 2015. Hong Kong GDP: ES: Central & South America data is updated yearly, averaging 8,876.500 HKD mn from Dec 2009 (Median) to 2016, with 8 observations. The data reached an all-time high of 9,953.000 HKD mn in 2012 and a record low of 5,694.000 HKD mn in 2009. Hong Kong GDP: ES: Central & South America data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.A172: SNA 2008: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).

Hong Kong GDP: IS: IP: Central & South America data was reported at 683.000 HKD mn in 2014. This records an increase from the previous number of 536.000 HKD mn for 2013. Hong Kong GDP: IS: IP: Central & South America data is updated yearly, averaging 519.500 HKD mn from Dec 2009 (Median) to 2014, with 6 observations. The data reached an all-time high of 683.000 HKD mn in 2014 and a record low of 359.000 HKD mn in 2009. Hong Kong GDP: IS: IP: Central & South America data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong – Table HK.A172: GDP: Trade in Services: MSITS 2010: Current Price: by Major Service Component and Region (Annual).