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.

In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.

Graph and download economic data for Constant GDP per capita: All Income Levels for Latin America and Caribbean (NYGDPPCAPKDLCN) from 1960 to 2023 about Caribbean Economies, Latin America, per capita, income, and GDP.

The average for 2023 based on 11 countries was 10329.52 U.S. dollars. The highest value was in Guyana: 23325.12 U.S. dollars and the lowest value was in Bolivia: 3168.73 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

This statistic shows gross domestic product (GDP) of Latin America and the Caribbean from 2019 to 2029 in billion U.S. dollars. In 2023, Latin America and the Caribbean's GDP amounted to about 6.56 trillion U.S. dollars.

As of April 2021, Mexico's gross domestic product (GDP) was forecasted to increase by five percent during 2021. Mexico was one of the Latin American countries that faced the worst recession after the COVID-19 pandemic, as its GDP fell over eight percent in 2020. Among the biggest economies in the region, Brazil was expected to experience one of the lowest GDP growth in 2021, at around 3.7 percent.

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Graph and download economic data for Gross Domestic Product for Developing Countries in Latin America and Caribbean (NYGDPMKTPCDLAC) from 1960 to 2023 about Caribbean Economies, Latin America, and GDP.

Constant GDP per capita for Developing Countries in Latin America and Caribbean was 7610.66549 2010 U.S. $ in January of 2020, according to the United States Federal Reserve. Historically, Constant GDP per capita for Developing Countries in Latin America and Caribbean reached a record high of 8291.73809 in January of 2014 and a record low of 3146.02676 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for Constant GDP per capita for Developing Countries in Latin America and Caribbean - last updated from the United States Federal Reserve on March of 2025.

The average for 2023 based on 19 countries was 341.02 billion U.S. dollars. The highest value was in Brazil: 2173.67 billion U.S. dollars and the lowest value was in Nicaragua: 17.83 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The average for 2021 based on 17 countries was 48.16 percent. The highest value was in Bolivia: 77.91 percent and the lowest value was in Haiti: 24.17 percent. The indicator is available from 1960 to 2021. Below is a chart for all countries where data are available.

GDP per Capita: USD: Paraguay data was reported at 5,704.547 USD in 2017. This records an increase from the previous number of 5,302.316 USD for 2016. GDP per Capita: USD: Paraguay data is updated yearly, averaging 1,091.376 USD from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 6,006.168 USD in 2014 and a record low of 55.364 USD in 1951. GDP per Capita: USD: Paraguay data remains active status in CEIC and is reported by CEIC Data. The data is categorized under World Trend Plus’s Global Economic Monitor – Table: GDP Per Capita: USD: North and South America. The Central Bank of Paraguay provides GDP per Capita in USD.

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.

This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

GDP per capita (constant 2015 US$) in Latin America & Caribbean was reported at 8861 USD in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latin America & Caribbean - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

In 2023, the construction sector in Panama and the Dominican Republic made up to 17 and 15 percent of their gross domestic product (GDP), respectively. Meanwhile, that sector amounted to less than five percent of the GDP on average in Latin America and thee Caribbean as a whole. During the past years, the value of the construction sector in Latin America has fluctuated significantly.

Graph and download economic data for Gross Domestic Product Per Capita: All Income Levels for Latin America and Caribbean (NYGDPPCAPCDLCN) from 1960 to 2023 about Caribbean Economies, Latin America, per capita, income, and GDP.

In 2022, the regional gross domestic product (GDP) in Latin America and the Caribbean grew more than four percent compared to the previous year. In 2020, the GDP of all the subregion shrunk, with Central America being the worst hit by the economic crisis spawned from the coronavirus pandemic, with a real GDP decrease of seven percent. This was the first time that this part of Latin America experiences a GDP fall since at least 2016. Forecasts for 2023 are fairly optimistic as well.

The average for 2021 based on 12 countries was 7.72 percent. The highest value was in Brazil: 9.89 percent and the lowest value was in Venezuela: 4.04 percent. The indicator is available from 2000 to 2022. Below is a chart for all countries where data are available.

O médio por 2020 foi 32.52 por cento.O valor mais alto foi em Chile: 75.79 por cento e o valor mais baixo foi em Panamá: 1.21 por cento. Abaixo há um gráfico para todos os países onde existem dados disponíveis.

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.