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, 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.

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.

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.

Background: Trade openness shows a positive impact on economic growth, supported by economic theory, and export diversification and economic complexity show a positive dynamic in trade openness in the world; however, a specificity is generated in South American countries. Therefore, the objective of the research is to analyse the macroeconomic determinants of trade openness in Latin American countries.

Methods: The research approach was quantitative and explanatory using panel data methodology from the databases of the World Bank, Harvard University and the Economic Commission for Latin America and the Caribbean for the period 2000-2020.

Results: The fixed effects panel data model showed that the variables that had a negative impact on trade openness were GDP, the economic complexity index and the logistic performance index, while the variables that had a positive impact were exports of high-tech products (a proxy for innovation), exports, imports, research and development expenditure and interregional trade in goods.

Conclusions: Therefore, during the analysis period of 2000-2020 in South America, based on the panel data analysis under fixed effects, a total of 8 countries had a negative impact on trade openness, and only the economies of Chile, French Guiana, and Brazil had a positive impact on trade openness; these economies are characterized by their better performance in the economic complexity index, their higher percentage of budget for research and development expenses, and their trade policies oriented towards the industrialization of their value-added products.

The average for 2023 based on 12 countries was 0.787 points. The highest value was in Chile: 0.878 points and the lowest value was in Venezuela: 0.709 points. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

The statistic depicts Mexico's real gross domestic product (GDP) growth rate from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, Mexico's real GDP grew by about 1.45 percent compared to the previous year. Mexico's economy Mexico, having not been dramatically affected by the 2002 South American crisis, has one of the strongest economies in the Americas behind the United States and Canada. By improving its macroeconomic rules and regulations, Mexico improved on many aspects of its economy, most notably inflation. Several goals that the government wanted accomplish were the improvement of infrastructure around the country as well as newer tax laws that would allow for higher income equality. Mexico is generally an export-oriented country, with the majority of export goods consisting of electronics, automobiles and agricultural goods. Exports over the past decade have seen continuous growth, with the exception of 2009. This increase in exports is largely due to an increasing number of free trade agreements with international countries, which essentially eliminate tariffs between member countries. However, Mexico imports more than they export, having recorded an annual trade deficit over the past decade. While most economics label this as a negative aspect, other economics believe that trade deficits are associated with positive economic developments.

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.

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.

Key information about Peru Nominal GDP Growth

• Peru Nominal GDP Growth was reported at 5.953 % in Dec 2022.
• This records an increase from the previous number of 5.780 % for Sep 2022.
• Peru Nominal GDP Growth data is updated quarterly, averaging 8.674 % from Mar 1991 to Dec 2022, with 128 observations.
• The data reached an all-time high of 4,157.268 % in Mar 1991 and a record low of -27.922 % in Jun 2020.
• Peru Nominal GDP Growth 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: Nominal GDP: Y-o-Y Growth: Quarterly: North and South America.

The South American challenger bank market, valued at $389.26 million in 2025, is experiencing robust growth, projected to expand significantly over the forecast period (2025-2033) at a Compound Annual Growth Rate (CAGR) of 12.57%. This surge is driven by several key factors. Increasing smartphone penetration and internet access across the region are fostering a digitally savvy population increasingly comfortable with online banking services. Furthermore, the region's underserved populations, lacking access to traditional banking services, present a vast untapped market for challenger banks offering convenient and accessible financial products. The increasing demand for personalized financial solutions and a preference for user-friendly mobile-first banking experiences are additional significant drivers. Competition among established players and the emergence of innovative fintech companies further fuels market dynamism. Growth is segmented across service types (payments, savings, current accounts, credit, loans) and end-users (business and personal segments). Brazil, as the largest economy in South America, is anticipated to hold a dominant market share, followed by other major economies like Argentina, Colombia, and Chile. However, growth potential exists across all countries within the region. Despite the considerable growth potential, the market faces certain challenges. Regulatory hurdles and the need for robust cybersecurity infrastructure remain key restraints. Furthermore, building trust and brand awareness within a market accustomed to traditional banking institutions requires significant investment in marketing and customer acquisition strategies. Nevertheless, the overall positive trajectory of the South American challenger banking sector indicates a promising future for innovative financial institutions catering to the evolving needs of the region's population. The ongoing evolution of financial technology and increasing financial inclusion initiatives will further fuel market growth, attracting significant investment and fostering competition in the years to come. South America Challenger Banks Market: A Comprehensive Report (2019-2033) This comprehensive report provides a detailed analysis of the dynamic South America challenger banks market, encompassing the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and future trends, making it an essential resource for investors, industry professionals, and strategic decision-makers. The report utilizes 2025 as the base year and provides forecasts until 2033, incorporating data from the historical period (2019-2024). This report covers key players such as NU Bank, Uala, Albo, Nequi, DaviPlata, Banco Inter, Neon, C6 bank, and Burbank (list not exhaustive). Recent developments include: In November 2023, N26, a German challenger bank, announced its exit from Brazil, marking the end of its two-year stint in the South American market. This move aligns with N26's strategic shift in geographical focus. The bank made its foray into Brazil in 2021, having obtained a Sociedade de Crédito Direto (SCD) license from the Banco Central do Brasil., In October 2023, Nubank had introduced over 40 new products and features, including innovative credit options like FGTS anniversary withdrawal anticipation and NuConsignado for INSS retirees and pensioners. With operations in Brazil, Colombia, and Mexico, Nubank has exceeded 90 million customers in Latin America, solidifying its position as one of the world's fastest-growing financial services firms.. Notable trends are: Rising Fintech Investments in South America Fueling the Growth.

Mexico export data: Discover how one of Latin America's strongest economies thrives on diverse export markets and global partnerships.

The South American chocolate market presents a dynamic landscape with significant growth potential. Driven by rising disposable incomes, increasing urbanization, and a growing preference for premium and artisanal chocolate, the market is experiencing robust expansion. While precise figures for market size and CAGR aren't provided, we can infer substantial growth based on global trends. The region's diverse consumer base, ranging from budget-conscious consumers to those seeking high-end experiences, creates opportunities for both mass-market and niche chocolate brands. Brazil, Argentina, and other major economies within South America are key contributors to market growth, fueled by strong domestic production and a high demand for diverse confectionery variants, including milk, dark, and white chocolate. The distribution channel is diversified, encompassing supermarkets, hypermarkets, convenience stores, and the increasingly important online retail segment. However, challenges remain, including economic volatility in certain regions and the need to navigate fluctuations in cocoa prices. Furthermore, competition from both established multinational companies like Nestlé and Hershey and burgeoning local brands necessitates strategic innovation and strong brand building to maintain a competitive edge. The future of the South American chocolate market appears promising, with significant potential for sustained growth driven by rising consumer spending and evolving tastes. Looking ahead, the South American chocolate market is poised for further expansion. The burgeoning middle class, coupled with the increasing influence of international food trends, is driving demand for innovative flavors and product formats. The growing popularity of healthier chocolate options, such as dark chocolate with higher cacao content, and the rise of ethically sourced and sustainable chocolate will further shape the market. Successful players will be those that can adapt to changing consumer preferences, leverage e-commerce platforms effectively, and establish strong distribution networks across the diverse geographies of South America. The continued expansion of the middle class, increasing tourism, and the growing adoption of online shopping will be key drivers of growth within the next decade. While challenges exist, the opportunities presented by the South American chocolate market are substantial, making it an attractive space for both established and emerging players. Recent developments include: July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.December 2022: Mars Incorporated launched Snickers Caramelo & Bacon limited edition chocolate bars in Brazil.November 2022: Nestlé announced the establishment of a new Research & Development (R&D) Center for Latin America. The inauguration of the new center was in Santiago, Chile. This center will enable the development of tasty, nutritious, affordable, and sustainable products that are highly relevant to local consumers. The center will also strengthen the company's collaborations with universities, start-ups, and entrepreneurs across Latin America.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The South American anchors and grouts market, currently valued at approximately $XX million (estimated based on provided CAGR and market trends for a similar region), is projected to experience robust growth, exceeding a 5% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is driven by several key factors. The burgeoning construction sector across South America, particularly in Brazil and Argentina, fueled by infrastructure development projects and increasing residential and non-residential construction activity, significantly boosts demand for anchors and grouts. Furthermore, the growing adoption of advanced construction techniques and materials, including high-performance resin-based fixing systems, is a major catalyst for market growth. While challenges such as economic fluctuations in some South American countries and potential material cost increases pose restraints, the overall positive growth trajectory is expected to continue. The market is segmented by type (cementitious, resin, bedding mortars, and others), end-user industry (residential, non-residential, infrastructure), and geography (Argentina, Brazil, Chile, and Rest of South America). Major players like BASF, Sika, and Henkel are actively competing in this market, driving innovation and product diversification. Brazil currently holds the largest market share within South America due to its substantial construction activity and economic influence. However, Argentina and Chile are also demonstrating significant potential for growth, driven by investment in infrastructure projects and increasing urbanization. The "Rest of South America" segment shows promise, reflecting the expanding construction activities across smaller economies. The market's future depends on sustained economic growth in the region, government infrastructure spending, and the continued adoption of advanced anchoring and grouting technologies. The market is expected to see an increased preference for resin-based products due to their superior performance characteristics in specific applications. This shift will drive further segmentation and specialization within the market. Recent developments include: In May 2022, Sika established a new manufacturing plant for construction chemicals in Santa Cruz de la Sierra, Bolivia, to enhance production capacity. This expansion is expected to increase the company's geographic presence in the regional market., In December 2021, Saint-Gobain and Cementos Argos agreed to develop mortar solutions as a joint venture. This joint venture merged Saint-Gobain's mortar technology with Argos' strong local presence to offer a vast range of solutions to the Colombian construction market.. Key drivers for this market are: Growing Demand for Anchors and Grouts from the Construction Industry, High Pressure on Existing Infrastructure due to Rising Population. Potential restraints include: Growing Demand for Anchors and Grouts from the Construction Industry, High Pressure on Existing Infrastructure due to Rising Population. Notable trends are: Growing Demand from the Non- Residential Segment.

The South America concrete admixtures market is expected to grow at a CAGR of 5.50% during the forecast period of 2025-2033. The market size was estimated at XX million in 2025 and is projected to reach YY million by 2033. The growth of the market is driven by the increasing construction activities in the region, particularly in the residential and commercial sectors. The rising demand for durable and high-performance concrete, along with the growing adoption of sustainable construction practices, is also contributing to the growth of the market. Major players in the South America concrete admixtures market include GCP Applied Technologies Inc, CEMEX S A B de C V, RPM International Inc, Kryton International Inc, BASF SE, and Sika AG. The market is fragmented, with several regional and local players competing for market share. The companies are focusing on expanding their distribution networks, introducing new products, and developing innovative technologies to cater to the growing demand in the region. Recent developments include: September 2022: Saint-Gobain completed the acquisition of GCP Applied Technologies, thereby expanding into the concrete admixtures sector. Saint-Gobain acquired GCP Applied Technologies for USD 32.00 per share in a transaction valued at approximately USD 2.3 billion. The acquisition will provide strong growth potential to the company in the concrete admixtures market., March 2021: Sika acquired Supermassado BrasilLtda., a mortar manufacturer that operates under the brand BR Massa in the Brazilian market. The acquisition will enhance Sika's position in the region of Minas Gerais, one of the strongest economic regions in Brazil, and complement the production footprint.. Key drivers for this market are: Increasing Demand from the Residential Construction Sector, Other Drivers. Potential restraints include: Lack of Skilled Workforce and Awareness in Construction Industry Workers, Other Restraints. Notable trends are: Increasing Consumption of Concrete Admixtures in the Residential Sector.

The average for 2023 based on 12 countries was -0.47 points. The highest value was in Uruguay: 0.72 points and the lowest value was in Venezuela: -2.15 points. The indicator is available from 1996 to 2023. Below is a chart for all countries where data are available.

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 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.