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.

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 19 countries was 0.32 percent. The highest value was in Brazil: 2.08 percent and the lowest value was in Haiti: 0.02 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

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 1938, the year before the Second World War, the United States had, by far, the largest economy in the world in terms of gross domestic product (GDP). The five Allied Great Powers that emerged victorious from the war, along with the three Axis Tripartite Pact countries that were ultimately defeated made up the eight largest independent economies in 1938.

When values are converted into 1990 international dollars, the U.S. GDP was over 800 billion dollars in 1938, which was more than double that of the second largest economy, the Soviet Union. Even the combined economies of the UK, its dominions, and colonies had a value of just over 680 billion 1990 dollars, showing that the United States had established itself as the world's leading economy during the interwar period (despite the Great Depression).

Interestingly, the British and Dutch colonies had larger combined GDPs than their respective metropoles, which was a key motivator for the Japanese invasion of these territories in East Asia during the war. Trade with neutral and non-belligerent countries also contributed greatly to the economic development of Allied and Axis powers throughout the war; for example, natural resources from Latin America were essential to the American war effort, while German manufacturing was often dependent on Swedish iron supplies.

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 2022 based on 17 countries was -3.33 percent. The highest value was in Bolivia: 2.1 percent and the lowest value was in Chile: -8.7 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 19 countries was 2.22 percent. The highest value was in Dominican Republic: 4.95 percent and the lowest value was in Haiti: -4.17 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

Guyana had the highest real gross domestic product (GDP) in the Americas in 2023, reaching ** percent. Panama followed behind with *** percent. On the other hand, the GDP of Haiti decreased by *** percent in 2023.

The average for 2023 based on 18 countries was 8.01 percent. The highest value was in Nicaragua: 26.18 percent and the lowest value was in Chile: 0.02 percent. The indicator is available from 1970 to 2023. Below is a chart for all countries where data are available.

The average for 2024 based on 17 countries was -4.18 percent. The highest value was in Puerto Rico: 9.11 percent and the lowest value was in Honduras: -24.01 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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 average for 2023 based on 19 countries was 7.61 percent. The highest value was in Haiti: 17.46 percent and the lowest value was in Puerto Rico: 0.7 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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.

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

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.

The Latin American home mortgage finance market exhibits steady growth, projected to reach a market size of $XX million in 2025, with a Compound Annual Growth Rate (CAGR) of 3.00% from 2025 to 2033. This growth is fueled by several key factors. Increasing urbanization and a burgeoning middle class are driving demand for homeownership across the region. Government initiatives aimed at improving access to affordable housing, such as subsidized mortgages and reduced interest rates, further stimulate market expansion. Additionally, the development of more sophisticated financial products and improved lending practices by major players like Caixa Economica Federal, Banco do Brasil, Itaú, Bradesco, and Santander, contribute to market expansion. However, economic instability in certain Latin American countries, fluctuating interest rates, and regulatory hurdles remain significant challenges that could potentially hinder growth. The competitive landscape is dominated by established national and international banks, each vying for market share through competitive interest rates, diverse mortgage products, and enhanced digital services. Despite the presence of these major players, opportunities exist for smaller lenders and fintech companies to leverage technological advancements and target niche markets within the region. The market segmentation is diverse, reflecting varying housing costs and income levels across the countries within Latin America. Growth will likely be uneven across the region, with more stable economies experiencing higher growth rates than those facing political or economic uncertainty. Future growth will depend on macroeconomic stability, continued government support for homeownership, and the ability of financial institutions to adapt to the evolving needs of borrowers. Notable trends are: Increase in Economic Growth and GDP per capita.