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.

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.

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.

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.

Based on land area, Brazil is the largest country in Latin America by far, with a total area of over 8.5 million square kilometers. Argentina follows with almost 2.8 million square kilometers. Cuba, whose surface area extends over almost 111,000 square kilometers, is the Caribbean country with the largest territory.

Brazil: a country with a lot to offer

Brazil's borders reach nearly half of the South American subcontinent, making it the fifth-largest country in the world and the third-largest country in the Western Hemisphere. Along with its landmass, Brazil also boasts the largest population and economy in the region. Although Brasília is the capital, the most significant portion of the country's population is concentrated along its coastline in the cities of São Paulo and Rio de Janeiro.

South America: a region of extreme geographic variation

With the Andes mountain range in the West, the Amazon Rainforest in the East, the Equator in the North, and Cape Horn as the Southern-most continental tip, South America has some of the most diverse climatic and ecological terrains in the world. At its core, its biodiversity can largely be attributed to the Amazon, the world's largest tropical rainforest, and the Amazon river, the world's largest river. However, with this incredible wealth of ecology also comes great responsibility. In the past decade, roughly 80,000 square kilometers of the Brazilian Amazon were destroyed. And, as of late 2019, there were at least 1,000 threatened species in Brazil alone.

This horizontal bar chart displays GDP (current US$) by demonym using the aggregation sum in South America. The data is filtered where the date is 2021. The data is about countries per year.

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.

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.

The average for 2023 based on 12 countries was 0.81 percent. The highest value was in Venezuela: 1.88 percent and the lowest value was in Uruguay: 0.01 percent. The indicator is available from 1961 to 2023. Below is a chart for all countries where data are available.

The South America food colorants market, valued at approximately $XX million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.90% from 2025 to 2033. This growth is fueled by several key factors. The burgeoning food and beverage industry across South America, particularly in countries like Brazil and Argentina, is a primary driver. Increasing consumer demand for aesthetically appealing and visually enhanced food products is further bolstering market expansion. The rising popularity of processed foods, bakery items, confectionery, and beverages, all of which heavily rely on food colorants, contributes significantly to market growth. Furthermore, the expanding middle class with increased disposable income is fueling consumption of these products. However, the market faces certain constraints including stringent regulatory frameworks concerning the use of synthetic colorants and growing consumer preference for natural and organic food products. This trend towards natural alternatives presents both a challenge and an opportunity, driving innovation in the development of natural food colorants derived from sources like fruits, vegetables, and spices. Segmentation within the market reveals that natural colorants are projected to witness comparatively faster growth due to increasing health consciousness. The bakery and confectionery segments are the largest consumers of food colorants, expected to maintain their dominant position throughout the forecast period. Growth across South American nations will vary. Brazil, as the largest economy in the region, will likely dominate market share, followed by Argentina. The "Rest of South America" segment will exhibit moderate growth, driven by increasing demand in smaller but developing economies within the region. Key players like BASF SE, DSM, Givaudan, and Döhler are driving innovation and competition through their varied product portfolios and strategic partnerships. The market’s future growth will significantly depend on the balance between the demand for cost-effective synthetic colorants and the rising preference for natural options, alongside the regulatory landscape surrounding food additives. Furthermore, companies' ability to meet evolving consumer demands for transparency and sustainability in food production will play a pivotal role in shaping the market's future trajectory. Notable trends are: Increased Demand for Natural Food Colorants.

This horizontal bar chart displays health expenditure (% of GDP) by country using the aggregation average, weighted by gdp in South America. The data is about countries.

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.

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The South America Aviation Fuel Market size was valued at USD 8.50 Billion in 2023 and is projected to reach USD 14.75 Billion by 2031, growing at a CAGR of 7.1% from 2024 to 2031.

Key Market Drivers:

Increasing Air Travel Demand: The growing middle class and disposable income in South America are driving a surge in air travel demand, with passenger traffic in Latin America expected to grow by 5.3% annually over the next decade, leading to a higher demand for aviation fuel to support the growing number of flights across the region.

Economic Growth and Regional Connectivity: Economic growth in Brazil, Argentina, and Chile is increasing regional connectivity and increasing aviation fuel demand. The Economic Commission for Latin America and the Caribbean reported a 3.2% GDP growth in 2023, leading to increased reliance on air travel for connectivity and fuel consumption for airlines operating in and out of South America.

This horizontal bar chart displays tax revenue (% of GDP) by demonym using the aggregation average, weighted by gdp in South America. The data is about countries per year.

This horizontal bar chart displays central government debt (% of GDP) by currency using the aggregation average, weighted by gdp in South America. The data is filtered where the date is 2023. The data is about countries per year.

This horizontal bar chart displays military expenditure (% of GDP) by demonym using the aggregation average, weighted by gdp in South America. The data is about countries per year.

The South American market for vitamin-fortified and mineral-enriched food and beverages presents a compelling growth opportunity. Driven by increasing health consciousness, rising disposable incomes, and a growing awareness of the importance of nutritional supplementation, particularly among the expanding middle class, this market is projected to experience robust expansion. The CAGR of 7.10% from 2019 to 2024 suggests a consistently positive trajectory, a trend expected to continue throughout the forecast period (2025-2033). Key segments driving this growth include cereal-based products, dairy products, and beverages, with supermarket/hypermarkets representing the dominant distribution channel. The presence of established multinational players like Abbott Laboratories, PepsiCo, and Kellogg's, alongside regional and local brands, underscores the market's competitiveness and potential for further innovation. While precise market size figures for 2025 are not provided, extrapolating from the historical data and CAGR, a reasonable estimate can be derived. This growth is further fueled by strategic product launches incorporating vitamins and minerals tailored to specific health needs and demographic preferences, reflecting a broader shift toward preventative healthcare. However, factors such as economic instability in certain regions of South America and fluctuating raw material costs could act as potential restraints to market growth, requiring businesses to adapt their strategies for long-term success. The focus on convenient, functional foods and beverages, particularly those catering to health-conscious consumers, is expected to be a major trend shaping the future of this market. The specific regional performance within South America is likely to vary. Brazil and Argentina, as the largest economies in the region, are expected to dominate the market share, driven by their comparatively higher per capita incomes and consumer spending. However, growth in other South American nations should not be discounted as rising middle classes and improved infrastructure contribute to increased demand for health-conscious food and beverage products. The market's segmentation by product type and distribution channel allows for targeted marketing strategies and highlights opportunities for both established players and emerging brands seeking to capitalize on consumer preferences and expand their market presence. Future success hinges on meeting evolving consumer expectations, adapting to regulatory changes, and continually innovating to satisfy growing demands for healthier, fortified food and beverage options. Notable trends are: Growing Popularity of Functional Beverages.

Graph and download economic data for Nasdaq Latin America Industrials Large Mid Cap TR Index (NASDAQNQLA50LMT) from 2002-03-28 to 2025-11-06 about Latin America, mid cap, market cap, NASDAQ, large, industry, and indexes.