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.

The Brazilian oil company Petrobras is one of the leading multinational corporations headquartered in Latin America, with more than ** billion U.S. dollars of sales revenue in 2020. Pemex, based in Mexico, ranked fourth, with an annual revenue amounting to **** billion U.S. dollars that same year. Multilatinas: Latin American corporations going global The term 'multilatinas' refers to companies with headquarters in Latin America that have managed to internationalize their operations, extending their main businesses or key segments beyond national borders. Usually, such corporations enjoy strong positions in their home markets, which enables them to venture into other Latin American territories. Multilatinas that have gone global are also sometimes referred to as 'global latinas'. Where multilatinas thrive As shown in this statistic, the most revenue-generating multilatinas tend to be engaged with key economic sectors such as energy, commodities, retail and mass consumption goods. Many of them have close connections with national governments or are, in fact, partially or totally owned by the government, as it is the case with the oil companies Petrobras and PDVSA. Consumer goods is another segment where Latin American companies have proved successful at internationalization, for instance, the Brazilian meat manufacturer JBS and the Mexican beverage and retail company Femsa.

The Latin American IT Market is Segmented by Enterprise Size (Large Enterprises and Small and Medium Enterprises), End-user Industry (Retail, Manufacturing, BFSI, Government, IT and Telecom, and Other End-user Industries), and Country.

According to recent estimates, the most affected sectors by the coronavirus pandemic in Latin America would be wholesale and retail trade as well as services in general, such as tourism, foodservice, transport, and communications. In 2020, this group of most affected sectors was forecasted to represent more than 16 percent of Brazil’s gross domestic product (GDP). Among the countries shown in this graph, Brazil is the nation where sectors moderately affected by the pandemic could represent the highest contribution to GDP (75.8 percent).

Which Latin American economies were most vulnerable to the pandemic? In 2020, the economic sectors most affected by the coronavirus pandemic - wholesale and retail, hotels and restaurants, transport and services in general - were forecasted to account for 35.5 percent of Panama’s GDP. In addition, the moderately and most affected economic segments were estimated to contribute the most to Panama’s GDP (a combined 97.6 percent) than any other country in this region. A similar scenario was projected in Mexico, where the sectors that would least suffer the pandemic's negative effects would account for only 3.4 percent of GDP.

Did the pandemic put a stop to economic growth in Latin America? Economic growth changed dramatically after the COVID-19 outbreak. Most of the largest economies in Latin America fell under recession in 2020. Estimates predict a more optimistic scenario for 2021, with countries such as Mexico, Colombia, and Argentina growing their GDP at least five percent.

The Latin American country with the most significant information technology (IT) market in 2022 was Brazil, totaling ** billion U.S. dollars. Mexico ranked second, with an IT market value worth ** billion U.S. dollars, while Peru's IT market amounted to only *** billion U.S. dollars. In 2022, the most valuable segment in Brazil’s IT market was hardware, amounting to **** billion U.S. dollars, while the country’s software market was valued at **** billion U.S. dollars. Brazil’s software market In 2020, the most important segments of Brazil’s software market were software application, software development environment, and infrastructure and security, with the latter accounting for nearly ** percent of the country’s software market. At the same time, the market revenue of Software as a Service (SaaS) increased over the past years, peaking at *** billion U.S. dollars in 2020. This growth spike was almost double the value recorded in 2017. When it comes to regional distribution, over ** percent of Brazil’s software market was concentrated in the South-Eastern region in 2022. By contrast, the Northern part of the country accounted for approximately ***** percent of Brazil’s software market. Software companies in Brazil In 2022, more than ** thousand companies were operating in the Brazilian IT service industry, and approximately ***** thousand companies specialized in software development and production. One of the most important software companies is Totvs, which also operates in the United States, Portugal, and Latin America. In the first semester of 2021, the company generated **** billion Brazilian reals in revenue with their software services. Another software company that operates in Brazil, as well as in several other Latin American countries is Globant. In 2021, Globant’s revenue in Brazil amounted to almost ** million U.S. dollars. By contrast, Globant’s revenue in the U.S. totaled *** million U.S. dollars in the same year.

The South America IT Services Market Report is Segmented by Service Type (IT Consulting and Implementation, and More), Enterprise Size (Small and Medium Enterprises, and Large Enterprises), End-User Vertical (BFSI, Manufacturing, Government and Public Sector, Healthcare and Life-Sciences, Retail and Consumer Goods, and More), and Country (Brazil, Argentina, and More). The Market Forecasts are Provided in Terms of Value (USD).

The average for 2023 based on 19 countries was 27.58 percent. The highest value was in Puerto Rico: 47.3 percent and the lowest value was in Uruguay: 16.75 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2023 based on 19 countries was 91.98 billion U.S. dollars. The highest value was in Mexico: 564.63 billion U.S. dollars and the lowest value was in Nicaragua: 4.87 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

South America Aviation Market Outlook

The South America Aviation Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 7% during 2023–2031. The growth of the market is attributed to the growing advancement in the aviation industry and demand for affordable air transportation facilities.



The aviation industry broadly includes all aspects of air travel and transport activities such as aircraft manufacturing and research companies, airline industry, and military aviation.

The importance of the modern aviation industry is reflected by the globalized nature of the industry that contributes in worldwide connectivity. The aviation industry is one of the major factors that supports the global economy as it improves tourism and global trade industry. The aviation industry is closely related to many economical industries. It has helped in creating millions of employments in travel and tourism industries around the world by developing international, national, and regional airlines.



The COVID-19 pandemic has affected almost every industry to a notable degree. The outbreak of the pandemic had a major impact on the aviation industry. The demand for air transport dropped significantly due to the nationwide implementation of stringent lockdown. The airlines were forced to cut down their capacity, which resulted into significant losses. The disruption in the aircraft supply chain resulted into delivery delays, which further created a dramatic dropdown in many economical activities.

South America Aviation Market Trends, Drivers, Restraints and Opportunities

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  Rising demand for flight connectivity and ever-increasing passenger traffic are the major factor propelling the market expansion during the projected period.

  
  


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  Increasing long-term agreements and research & development for new aircraft product launches the market are expected to spur the market expansion in the next few years.

  
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In 2023, Puerto Rico was the territory in Latin America and the Caribbean with the highest share of value added by the manufacturing industry to the gross domestic product (GDP). Around 45 percent of the total value added to Puerto Rico's GDP was generated by this sector. If values for 2022 are also considered, Suriname ranked second, with a share that amounted to 29 percent.

The Latin America travel retail industry exhibited steady growth pre-pandemic, driven by rising disposable income, increased tourism, and favorable government policies. The market size reached USD XX million in 2023, registering a CAGR of 5.2% from 2019 to 2023. The industry is expected to continue its growth trajectory post-pandemic, with a projected CAGR of 6.3% from 2025 to 2033, reaching a market size of USD XX million by 2033. Key drivers of growth include the increasing number of international travelers, particularly from the Asia-Pacific region, as well as the expansion of the middle class in Latin America. Technological advancements and the adoption of digital platforms have also influenced the industry, leading to a shift towards online and mobile retail. However, challenges such as economic volatility, political instability in certain regions, and competition from other regions may restrain the growth of the industry. Top companies in the market include Dufry, Heinemann Americas, Duty Free Americas Inc., and 3Sixty, among others. Brazil and Argentina are the largest markets in the region, with Brazil accounting for the major share of market size. The report provides in-depth analysis of market segments, key trends, growth projections, and competitive dynamics within the Latin America travel retail industry. Recent developments include: April 2021- MONARQ Group shifted its focus to digital marketing, social media and e-commerce. To promote its brands on social media, the independent premium wine and spirits distributor launched MONARQ's Social Club early on during the pandemic with overwhelmingly positive feedback from participants., February 2021-Lancôme Travel Retail Americas and Dufry have partnered to open Lancôme's biggest flagship in South America. Lancôme's new flagship features numerous eye-catching screens and embraces the values of the brand - joy, happiness, and generosity -while offering shoppers a personalized, unique, and immersive retail experience.. Notable trends are: Fragrance & Cosmetics Segment Share is Dominating the Travel Retail Market in North America..

The Brazilian Big Data Analytics Market is Segmented by Organization Size (Small, Medium, and Large-Scale Organizations) and End-User Vertical (IT and Telecom, BFSI, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Government, and Other End-User Verticals). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Latin America Big Data Analytics Market size was valued at USD 7.95 Billion in 2024 and is projected to reach USD 14.84 Billion by 2032, growing at a CAGR of 8.12% from 2026 to 2032.

The Latin America Big Data Analytics market is driven by the rapid digital transformation across industries, increasing internet penetration, and the growing adoption of cloud computing. Businesses in sectors like banking, healthcare, retail, and telecommunications are leveraging big data to enhance decision-making, optimize operations, and improve customer experiences. Government initiatives supporting digitalization and smart city projects further propel market growth. The surge in e-commerce and mobile applications generates vast amounts of data, necessitating advanced analytics solutions. Additionally, the increasing use of artificial intelligence (AI) and machine learning (ML) to extract insights from complex datasets is boosting demand. Companies are investing in predictive analytics for fraud detection, risk management, and personalized marketing strategies. Data security and regulatory compliance concerns are also pushing organizations to adopt advanced analytics tools. With continued technological advancements and increased awareness of data-driven decision-making, the Latin America Big Data Analytics market is expected to expand significantly in the coming years.

Graph and download economic data for Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for Brazil (DDAM02BRA156NWDB) from 1998 to 2019 about market cap, Brazil, companies, and stock market.

The Latin American data center construction market is experiencing robust growth, projected to reach a market size of $5.14 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) exceeding 8.71% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the burgeoning digital economy across the region is fueling demand for increased data storage and processing capabilities. Secondly, growing adoption of cloud computing and the increasing reliance on digital services by businesses and governments are creating significant opportunities for data center development. Furthermore, investments in improving digital infrastructure, particularly in key markets like Brazil and Mexico, are further accelerating market growth. The market is segmented by infrastructure type (electrical, mechanical, and general construction), tier level (Tier I-IV), enterprise size (small, medium, and large), and end-user sectors (banking, IT, government, healthcare, etc.). Brazil, Mexico, and other major economies in the region are leading the market expansion. Challenges include regulatory hurdles and the need for skilled labor in some areas. Despite potential restraints, the long-term outlook remains positive. Continued growth in e-commerce, fintech, and other data-intensive industries will necessitate further data center expansion. The increasing adoption of sustainable practices within the data center industry, including the use of renewable energy sources for power, also represents a notable trend. The competitive landscape is dynamic, with both international and regional players vying for market share. Key players are focusing on strategic partnerships and expansions to cater to the rising demand. The market's trajectory suggests substantial opportunities for investors and developers in the coming years. The continued focus on digital transformation across Latin America will be the primary engine of growth, making this a highly attractive market for data center construction. Recent developments include: January 2023: The Santos Port Authority (SPA) is planning to have a new data center constructed by the Brazilian company Zeittec. Zeittec and the SPA, the state-owned organization in charge of running the Port of Santos in the state of So Paulo, have agreed to the terms of a building agreement for a new data center. It is anticipated that work on the Safe Room will begin in January and be finished in the middle of 2023. According to the firm, the SPA Safe Room will be safe from both break-ins and fires thanks to walls that have been certified by NBR 10.636 as being able to resist fire for up to 120 minutes (CF 120). It will have OM4 laser multimode optical fibers and CAT 6A structured cabling., December 2022: Aligned, which is financed by Macquarie Group, intends to acquire Odata. The parties are in "advanced discussions" about a deal that would value Odata at roughly $1.8 billion, including debt, and may be revealed as soon as next week. The company announced at the opening of its first Mexican facility earlier this year that it would soon start building a second 30MW data center in Querétaro, and Peru would be its next market.. Key drivers for this market are: Growth in Network Connectivity and Increased Adoption of Digital Transformation Related Technologies in the Region, Favorable tax Incentive Structure Introduced by Local Governments has Led to the Higher Participation from International Players; Ongoing Consolidation Efforts by Major Data Center Construction Companies to Aid their Expansion Activities; Growing Awareness on Modular Deployments and Increasing Rack Density. Potential restraints include: Growth in Network Connectivity and Increased Adoption of Digital Transformation Related Technologies in the Region, Favorable tax Incentive Structure Introduced by Local Governments has Led to the Higher Participation from International Players; Ongoing Consolidation Efforts by Major Data Center Construction Companies to Aid their Expansion Activities; Growing Awareness on Modular Deployments and Increasing Rack Density. Notable trends are: IT and Telecommunications Segment to Hold a Significant Share of the Market.

The average for 2023 based on 10 countries was 99.6 billion U.S. dollars. The highest value was in Brazil: 483.93 billion U.S. dollars and the lowest value was in Suriname: 1.38 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Graph and download economic data for Nasdaq Latin America Industrial Goods and Services Large Mid Cap NTR Index (NASDAQNQLA5020LMN) from 2003-09-30 to 2025-08-04 about mid cap, NASDAQ, Latin America, market cap, large, goods, services, industry, and indexes.

The South America Data Center Market report segments the industry into Data Center Size (Large, Massive, Medium, Mega, Small), Tier Type (Tier 1 and 2, Tier 3, Tier 4), Absorption (Non-Utilized, Utilized), and Country (Brazil, Chile, Rest of South America). Get five years of historical data alongside five-year market forecasts.

Latin America Chemical Distribution Market size was valued at USD 25.83 Billion in 2024 and is projected to reach USD 37.36 Billion by 2031, growing at a CAGR of 4.72% from 2024 to 2031.

Latin America Chemical Distribution Market Drivers

Growth of End-Use Industries: Expanding sectors like manufacturing, construction, agriculture, and pharmaceuticals drive demand for chemicals.

Economic Growth in the Region: Growing economies in Latin America lead to increased industrial activity and consumption, boosting demand for chemical products.

Focus on Industrialization: Many Latin American countries are undergoing industrialization, driving the need for raw materials, intermediates, and specialty chemicals.

Increasing Demand for Consumer Goods: Rising disposable incomes and changing lifestyles are fueling demand for consumer goods, which often require chemicals in their production.

Technological Advancements: Advancements in chemical manufacturing and formulation are leading to the development of new and innovative chemical products with improved performance and sustainability.

The Latin American defense industry, valued at approximately $XX million in 2025, is projected to experience robust growth, exceeding a 1.50% CAGR through 2033. This expansion is fueled by several key drivers. Firstly, increasing geopolitical instability and cross-border conflicts within the region necessitate heightened security measures and military modernization. Secondly, the rising threat of transnational organized crime and drug trafficking compels governments to invest heavily in advanced defense technologies and personnel training. Thirdly, modernization of existing equipment and infrastructure within armed forces is driving procurement of advanced communication systems, weapons, and vehicles (land, sea, and air). Brazil, Mexico, and Colombia represent the largest markets, driven by their comparatively larger economies and defense budgets. However, growth across the region is not uniform; smaller nations are also increasing spending albeit at a slower pace. The market is segmented by procurement (personnel training, communication systems, weapons, vehicles) and maintenance, repair, and overhaul (MRO) services for similar categories. Key players include international giants like Lockheed Martin and Boeing, alongside significant regional players such as Avibras and IMBEL, highlighting a mixed landscape of both foreign and domestic industry participation. The competitive landscape is dynamic, with both established international players and regional companies vying for market share. International companies benefit from access to advanced technologies, while domestic companies often possess a deeper understanding of regional needs and possess stronger relationships with governmental procurement agencies. Challenges include budget constraints in some nations, economic fluctuations affecting investment, and the need to balance modernization efforts with other pressing socio-economic development priorities. Despite these restraints, the long-term outlook remains positive, driven by persistent security concerns and a growing need for sophisticated defense capabilities across the region. Further market segmentation analysis reveals that land-based vehicles currently comprise the largest segment, followed by communication systems, reflecting the ongoing prioritization of ground forces and secure communication networks. The MRO segment is also expected to grow significantly alongside the increasing volume of in-service equipment. This comprehensive report provides a detailed analysis of the Latin America defense industry, encompassing the period from 2019 to 2033, with a focus on the estimated year 2025. It examines market dynamics, key players, and future growth projections across various segments, empowering businesses to make informed strategic decisions. This in-depth study covers key aspects including market size (in millions), competitive landscape, and emerging trends, making it an invaluable resource for industry stakeholders. High-Search-Volume Keywords: Latin America defense market, Latin American military spending, defense procurement Latin America, Brazilian defense industry, Mexican defense industry, Colombian defense industry, Chilean defense industry, Latin American defense technology, weapons systems Latin America, defense modernization Latin America, aerospace defense Latin America. Notable trends are: The Vehicles Segment to Experience the Highest Growth During the Forecast Period.