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.

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.

The average for 2023 based on 19 countries was 19519 U.S. dollars. The highest value was in Puerto Rico: 42995 U.S. dollars and the lowest value was in Haiti: 2956 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

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.

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 10 countries was 7.71 percent. The highest value was in Bolivia: 13.47 percent and the lowest value was in Chile: 3.52 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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.

This statistic shows the share of economic sectors in gross domestic product (GDP) in Latin America & Caribbean from 2013 to 2023. In 2023, the share of agriculture in Latin America & Caribbean's gross domestic product was 6.51 percent, industry contributed approximately 31.04 percent and the services sector contributed approximately 65.43 percent.

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.

This horizontal bar chart displays GDP (current US$) by country full name using the aggregation sum in South America. The data is about countries per year.

The average for 2023 based on 10 countries was 53.56 billion U.S. dollars. The highest value was in Brazil: 289.79 billion U.S. dollars and the lowest value was in Suriname: 0.88 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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 423 million U.S. dollars, followed by Mexico, with 345 million U.S. dollars.

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 Ready-to-Drink (RTD) coffee market in South America is experiencing steady growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 2.90% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing popularity of convenient and on-the-go beverage options aligns perfectly with the busy lifestyles of South American consumers. Secondly, the rising disposable incomes, particularly in urban areas of Brazil and Argentina, are fueling demand for premium RTD coffee products. Furthermore, innovative product offerings, such as cold brew coffee and flavored variations, are attracting a wider consumer base and driving market segmentation. The dominance of supermarket/hypermarkets as a distribution channel underscores the importance of strong retail partnerships for success in this market. However, the market faces challenges such as fluctuating coffee bean prices and the need to overcome consumer preference for traditional brewing methods in some regions. Competition from established beverage giants like Coca-Cola and Starbucks, alongside emerging local and specialty brands like Death Wish Coffee and Fit Brewing, is intense, demanding continuous product innovation and effective marketing strategies. The market's segmentation by packaging (bottles, cans) and distribution channels presents opportunities for tailored marketing and product development strategies. Brazil and Argentina, as the largest economies in South America, represent the most significant market segments, though the "Rest of South America" region shows potential for future growth. The success of RTD coffee brands in South America will depend on their ability to adapt to local tastes and preferences, leverage effective distribution networks, and offer competitive pricing. A focus on sustainable sourcing and environmentally friendly packaging will also be crucial to attracting the increasingly environmentally conscious consumer. The forecast period of 2025-2033 presents a significant opportunity for companies to capitalize on the growing demand for convenient and high-quality RTD coffee, particularly through targeted marketing campaigns and strategic partnerships within the retail sector. The continued expansion of online retail channels also presents a promising avenue for growth, requiring brands to optimize their e-commerce presence and delivery infrastructure. Overall, the RTD coffee market in South America offers a compelling investment landscape with considerable potential for long-term growth. Notable trends are: Bottled RTD Coffee Gaining Attention.

In 2024, digital influencer advertising spending in Latin America and the Caribbean will surpass an estimated **** billion U.S. dollars, up **** percent from *** million dollars a year earlier. The annual figure was projected to continue to rise in the following years, exceeding **** billion dollars by the end of the decade. As of early 2023, less than ** percent of the population of the region's largest economies – Brazil and Mexico – used social media. The Brazilian influencer ad market Over **** of the adults surveyed in Brazil at the end of 2023 included film, TV, and music among their favorite online influencer genres, with business and economy rounding up the top three, selected by nearly **** of the respondents. According to another late 2023 study, Instagram was the social media platform most brands used for influencer marketing in Brazil. TikTok and YouTube followed, mentioned by around ** and ** percent of participating companies, respectively. Influencer marketing in Mexico Meanwhile, Mexico's most popular influencer genres also included film, TV, and music, but comedy also made it to the top three – all mentioned by over **** of consumers surveyed in 2023. The North American country harbors influencers such as Kimberly Guadalupe Loaiza Martínez, better known as Kim Loaiza, and actress and singer Danna Paola, both of which had over ** million Instagram followers as of early 2023.

The South American handbags market, valued at approximately $XX million in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 4.10% from 2025 to 2033. This growth is fueled by several key factors. Rising disposable incomes across Brazil and Argentina, the region's largest economies, are driving increased consumer spending on luxury and fashion accessories, including handbags. The burgeoning middle class, particularly among young adults, is significantly contributing to this trend, as handbags are viewed as essential fashion items and status symbols. Moreover, the increasing popularity of online retail channels offers convenient access to a wider variety of styles and brands, further stimulating market expansion. E-commerce platforms specifically targeting the South American market are playing a crucial role in this growth.
However, certain challenges persist. Economic instability in some parts of South America can impact consumer confidence and spending habits, potentially slowing down market growth. Fluctuations in currency exchange rates also present a risk to both local and international brands. Furthermore, the market faces competition from cheaper, locally produced handbags and counterfeit products. The market segmentation reveals a preference for diverse styles, with satchels, clutches, tote bags, and sling bags holding significant market share. The strong presence of both online and offline distribution channels indicates a robust and diversified retail landscape catering to the varying preferences of South American consumers. Leading brands such as LVMH, Kering, Prada, and several prominent local designers are vying for market dominance, highlighting the competitive yet dynamic nature of this segment. The forecast period of 2025-2033 presents a significant opportunity for brands to leverage these trends, focusing on targeted marketing strategies and innovative product offerings to capture the growing consumer base in this promising region. Recent developments include: In January 2022, LVMH opened a second Dior store in Shops Jardins Shopping Center in São Paulo, Brazil. The store features ready-to-wear, handbags, small leather goods, exotic leathers, jewelry, footwear, accessories, and sunglasses., In April 2021, Balenciaga, a major luxury brand from the Kering Group, made its debut in South America by opening its first brick-and-mortar store in the region located at the opulent JK Iguatemi mall in So Paulo. Balenciaga offers is a fashion brand that offers handbags apart from clothing.. Notable trends are: Popularity of Leather Handbags.

The South American food emulsifiers market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.45% from 2025 to 2033. This expansion is driven primarily by the burgeoning food and beverage industry across the region, particularly in Brazil, Argentina, and Colombia. Increasing consumer demand for processed and convenience foods, coupled with the growing adoption of emulsifiers to enhance texture, stability, and shelf life of products, fuels market growth. Key application segments include dairy, bakery, confectionery, and meat, poultry & seafood, reflecting the diverse culinary landscape and increasing demand for processed food products. The market is characterized by a diverse range of emulsifiers, including lecithin, monoglycerides, diglycerides & derivatives, sorbitan esters, and polyglycerol esters, each catering to specific functional requirements within various food applications. While challenges such as fluctuating raw material prices and stringent regulatory compliance exist, the overall market outlook remains positive, driven by sustained economic growth and evolving consumer preferences in South America. Furthermore, the market's segmentation by type and application provides valuable insights into specific growth drivers. For instance, the rising popularity of bakery products and the increasing demand for enhanced texture and shelf life in dairy products are key drivers for the growth of specific emulsifier types within these segments. The geographical distribution indicates that Brazil, as the largest economy in South America, dominates the market, followed by Argentina and Colombia. However, growth opportunities exist in the "Rest of South America" segment as consumer preferences evolve and the food processing industry expands in smaller economies within the region. The presence of established global players like Cargill, ADM, and BASF, alongside regional manufacturers, contributes to a competitive landscape that drives innovation and product diversification within the South American food emulsifiers market. This competitive environment will likely further fuel market expansion and product differentiation in the coming years. Notable trends are: Growing Demand for Specialty Food Ingredients.

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.

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.