Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.

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.

As of 2023, Uruguay was the country in South America with the largest Gross Domestic Product per capita, with ********* US dollars. Guyana landed in second place, with ********* US dollars per capita. When it comes to the total GDP in South America, Brazil led the region this year with more than * trillion U.S. dollars.

The average for 2023 based on 11 countries was 11093.98 U.S. dollars. The highest value was in Uruguay: 22797.81 U.S. dollars and the lowest value was in Bolivia: 3686.28 U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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.

The average for 2024 based on 19 countries was 19884 U.S. dollars. The highest value was in Puerto Rico: 44125 U.S. dollars and the lowest value was in Haiti: 2801 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

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.

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.

In 2023, four Caribbean nations were the countries with the highest gross national income per capita in Latin America and the Caribbean. On average, the national gross income amounted to around 31,990 U.S. dollars per person in the Bahamas, an island country which also had one of the highest gross domestic product per capita in this region. Outside the Caribbean Excluding the Caribbean, the economies with the highest national income per capita are generally located in South America, with the exceptions of Panama, Costa Rica and Mexico. Guyana leads among continental states with a national income of around 20.360 U.S. dollars per person. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. The biggest economies Brazil and Mexico are still miles ahead in the race for the biggest economy of Latin America. As of 2023, both nations exceeded the two trillion U.S. dollars mark in their Gross Domestic Product (GDP). While Argentina's GDP, third place, slightly surpassed the 600 billion U.S. dollars. Nonetheless, both nations also ranked as the most populated by far in the region.

Brazil is one of the most unequal countries in terms of income in Latin America. In 2022, it was estimated that almost 57 percent of the income generated in Brazil was held by the richest 20 percent of its population. Among the Latin American countries with available data included in this graph, Colombia came in first, as the wealthiest 20 percent of the Colombian population held over 59 percent of the country's total income.

Access South America Land Top Drive Industry Overview which includes South America country analysis of (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America), market split by Type, Application

Amongst the selected Latin American countries, Mexico registered the largest average wealth of billionaires, at 8.97 billion U.S dollars in 2020. By contrast, the rest of the adult population had an average wealth of 41,530 dollars. This represented a wealth ratio of billionaires/general population of 216,079:1. Nevertheless, it was Argentina the nation with the largest inequality in the distribution of wealth. Billionaires' wealth in this South American country was equal to 3.7 percent of the national GDP.

The Latin American LiDAR market, valued at $1.48 billion in 2025, is projected to experience robust growth, driven by increasing infrastructure development, the burgeoning automotive sector's demand for advanced driver-assistance systems (ADAS), and a rising focus on precision agriculture. The market's Compound Annual Growth Rate (CAGR) of 9.26% from 2025 to 2033 signifies significant potential. Key growth drivers include government initiatives promoting smart city development and the adoption of autonomous vehicles. The adoption of aerial LiDAR for surveying and mapping vast terrains, particularly in resource-rich countries, further fuels market expansion. Ground-based LiDAR systems find applications in various industrial sectors, including mining and construction, where precise measurements are crucial for efficient operations and safety. While the market faces challenges such as high initial investment costs for LiDAR technology and a need for skilled professionals to operate and interpret data, the overall positive economic outlook of the region and increasing technological advancements are expected to offset these restraints. Segment-wise, the aerial LiDAR segment is anticipated to hold a significant market share due to its widespread use in infrastructure projects and environmental monitoring. Within components, the demand for high-precision GPS and laser scanners is expected to grow in tandem with the overall market. Major players like Leica Geosystems, Velodyne Lidar, and Trimble are actively expanding their presence in the region to cater to the rising demand. The focus on developing robust infrastructure, including transportation and communication networks, is expected to bolster LiDAR adoption across various end-user segments in Latin America. The specific growth trajectory of the Latin American LiDAR market across Brazil, Argentina, Chile, Colombia, Mexico, and other nations will be influenced by individual country-level economic development, technological adoption rates, and government policies. Mexico, Brazil, and Argentina, being major economies in the region, are anticipated to represent a substantial portion of the overall market value. However, rising demand from other countries, fueled by increasing urbanization and infrastructure projects, presents substantial opportunities for market growth across Latin America. The continuous advancements in LiDAR technology, resulting in smaller, lighter, and more cost-effective systems, will further contribute to market expansion, making LiDAR technology more accessible for various applications across diverse sectors. Moreover, the rising focus on environmental sustainability is driving the adoption of LiDAR for monitoring deforestation and environmental changes, contributing significantly to market growth. Key drivers for this market are: , Fast Paced Developments And Increasing Applications Of Drones; Growing Applications In Government Sector; Increasing Adoption In Automotive Industry. Potential restraints include: , Fast Paced Developments And Increasing Applications Of Drones; Growing Applications In Government Sector; Increasing Adoption In Automotive Industry. Notable trends are: The Growing demand of Laser Scanner will Drive the Growth of this Market.

Biodiversity plays a crucial role in ecosystem functioning by providing essential benefits to people and improving their well-being, i.e., regulating material and non-material services; especially in cultural and natural rich landscapes, such as those found in Latin-American countries. Nevertheless, in spite of the utmost importance of sustaining human life, biodiversity is not only declining at unprecedented rates, but also this pervasive degradation has revealed both our mutual dependence and interconnectedness, with a profound need for a societal transformative change. To help meet this challenge, the aim of this work is to synthesise pertinent and state-of-the-art knowledge on biodiversity education by utilising a holistic approach and a Latin-American point of view, which will contribute towards understanding and targeting complex socio-ecological issues. The findings have unveiled an abundant number of studies in Latin American countries that have investigated the topic of teachers’ and students’ knowledge and their conceptions of biodiversity from both conventional scientific knowledge and interculturality. By promoting an integrative dialogue among these categories and their subcategories, several implications arose concerning scientists engaged in public outreach, environmental and sustainable development and science education researchers, those engaged in cultural studies, formal and non-formal education, and school teachers.

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.

In 2022, about 40 percent of adults in Mexico held a net worth under 10,000 U.S. dollars. In contrast, merely 393,000 Mexicans (that is, 0.4 percent of the total) had a net worth of over one million U.S. dollars. Mexico is one of the most unequal countries in Latin America regarding wealth distribution, with 78.7 percent of the national wealth held by the richest ten percent of the population.

The minimum salaryThe minimum wage per day guaranteed by law in Mexico was decreed to increase by 22 percent between 2021 and 2022, reaching 172.87 Mexican pesos in 2022. In the Free Zone located near the northern border the minimum daily wage was raised to 260.34 Mexican pesos.This represented the fourth consecutive incrase since 2019, but could prove to be insufficient to maintain the wellbeing of Mexican workers after the soaring inflation rate registered in 2022 and the economic impact of the COVID-19 in Mexican households. The legal minimum salary has a long history in the North American country, it was first implemented with the approval of the Political Constitution of the United Mexican States in 1917. Income inequality in Latin AmericaLatin America, as other developing regions in the world, generally records high rates of inequality, with a Gini coefficient ranging between 38 and 54 among the region’s countries. Moreover, many of the countries with the biggest inequality in income distribution worldwide are found in Latin America. According to the Human Development Report 2019, wealth redistribution by means of tax transfers improves Latin America's Gini coefficient to a lesser degree than it does in advanced economies. Wider access to education and health services, on the other hand, have been proven to have a greater direct effect in improving Gini coefficient measurements in the region.

Crude oil reserves in Venezuela amounted to nearly 303 billion barrels in 2023. In addition to being the undisputed leader in Latin America, the country also boasted the largest crude oil reserves worldwide. Brazil followed in the region, although by a large margin, with 15.9 billion barrels. Central and South America in the global oil market Oil reserves in Central and South America have remained relatively stable in the past decade, at an average of 51 billion metric tons, or roughly 375 billion barrels. Due in large part to Venezuela’s contribution, the region accounts for roughly one fifth of proven global reserves, ranking only behind the Middle East. Despite its potential, however, it reported the lowest share of global oil production in 2019, with a participation of less than seven percent. Only one country in the region – Brazil – ranked among the world’s top ten oil-producing countries that year. Leading crude oil producers in Latin America While it holds the largest proved oil reserves, Venezuela ranked fifth in Latin America and the Caribbean based on petroleum production, trailing behind countries like Colombia and Argentina. Venezuela’s crude production decreased by more than threefold in the past decade, dropping below one million barrels per day. Meanwhile, oil production in Brazil has been on an increasing trend since 2013. The Portuguese-speaking country went on to surpass previous regional leaders Mexico and Venezuela in 2016 and remains the frontrunner since.

Uruguay was the Latin American country with the highest average monthly salary as of 2024, with a net value of around ***** U.S. dollars per month, followed by Costa Rica, with *** U.S. dollars per month. Employment development areas in Latin America Following the recuperation in this sector after the job losses endured throughout the COVID-19 pandemic, the unemployment rate persists in its endeavor to stabilize. Informal employment remains as the predominant actor across most Latin American countries, serving as a primary avenue for economic sustenance. Notably, the construction sector has experienced substantial growth, outpacing other relevant industries like tourism and hospitality. Poverty Throughout the past two decades, poverty levels in Latin America remain unchanged. Honduras takes the lead as the country bearing the highest poverty rate, with nearly half of its population dwelling in these circumstances. Across the region, the prevalent delineation is that of individuals classified within the non-extreme and lower-middle poverty strata, characterized by modest income levels.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

According to the Hurun Global Rich List 2025, the United States housed the highest number of billionaires worldwide in 2025. In detail, there were *** billionaires living in the United States as of January that year. By comparison, *** billionaires resided in China. India, the United Kingdom, and Germany were also the homes of a significant number of billionaires that year. United States has regained its first place As the founder and exporter of consumer capitalism, it is no surprise that the United States is home to a large number of billionaires. Although China had briefly overtaken the U.S. recently, the United States has reclaimed its position as the country with the most billionaires in the world. Moreover, North America leads the way in terms of the highest number of ultra high net worth individuals – those with a net worth of more than ***** million U.S. dollars. The prominence of Europe and North America is a reflection of the higher degree of economic development in those states. However, this may also change as China and other emerging economies continue developing. Female billionaires Moreover, the small proportion of female billionaires does little to counter critics claiming the global economy is dominated by an elite comprised mainly of men. On the list of the richest people in the world, only *** were women. Moreover, recent political discourse has put a great amount of attention on the wealth held by the super-rich, with the wealth distribution of the global population being heavily unequal.