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.

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.

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.

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.

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 9435.44 U.S. dollars. The highest value was in Puerto Rico: 29943.38 U.S. dollars and the lowest value was in Haiti: 1219.12 U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average for 2021 based on 11 countries was 67.5 index points. The highest value was in Uruguay: 100.24 index points and the lowest value was in Suriname: 43.15 index points. The indicator is available from 2017 to 2021. 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 20 countries was -0.17 points. The highest value was in Costa Rica: 0.98 points and the lowest value was in Haiti: -1.43 points. The indicator is available from 1996 to 2023. Below is a chart for all countries where data are available.

The South American data center rack market is experiencing robust growth, projected to reach a market size of XX million by 2025, with a Compound Annual Growth Rate (CAGR) of 11.60% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing adoption of cloud computing and digital transformation initiatives across various sectors, including IT & telecommunications, BFSI (Banking, Financial Services, and Insurance), government, and media & entertainment, is fueling demand for reliable and scalable data center infrastructure. The region is witnessing significant investments in digital infrastructure development, including the expansion of broadband networks and 5G deployments, further bolstering the data center market. Growing data volumes and the need for enhanced data security and disaster recovery solutions also contribute to market growth. Market trends include a shift towards higher rack densities to optimize space utilization, growing adoption of modular data center designs for faster deployment and scalability, and increased focus on energy efficiency and sustainability in data center operations. However, the market faces certain restraints, such as economic volatility in some South American countries, limited access to funding for infrastructure development in certain regions, and a potential shortage of skilled professionals to manage and maintain sophisticated data center equipment. Segmentation analysis reveals significant demand across various rack sizes (quarter, half, and full rack), with the full rack segment likely dominating due to the needs of large enterprises. Key players such as Fujitsu Corporation, Legrand SA, Hewlett Packard Enterprise, nVent Electric PLC, Schneider Electric SE, Dell Inc, Black Box Corporation, Rittal GMBH & Co KG, Vertic Group Corp, and Eaton Corporation are actively competing in this market, offering a range of solutions to meet diverse customer requirements. Geographic variations exist within South America, with Brazil, Argentina, and Chile representing the largest markets due to higher levels of economic activity and technological advancement. The South American data center rack market's future growth prospects are promising, particularly considering the ongoing digitalization efforts across various countries. The continued expansion of cloud services, the rise of big data analytics, and the increasing reliance on digital platforms across all sectors will fuel demand for advanced data center infrastructure. While economic uncertainties and infrastructure challenges pose some obstacles, government initiatives to promote digital economies and attract foreign investment could mitigate these risks. The market will likely see increased adoption of innovative technologies, including artificial intelligence (AI) and machine learning (ML), for data center management and optimization. Furthermore, the focus on sustainability and energy efficiency will drive the adoption of green data center technologies and practices. Competition among established vendors and emerging players will intensify, leading to pricing pressures and innovation in product offerings. Specific regional growth patterns will depend on the pace of economic development, regulatory frameworks, and the level of investment in digital infrastructure within each country, with Brazil, Argentina, and Chile expected to continue as the leading markets within the region across the forecast period (2025-2033). Analyzing the specific market needs of each South American country will be crucial for vendors to effectively tailor their product and service offerings and achieve success within this dynamic and growing market. Recent developments include: November 2022: Ascenty, the prevailing market leader in Latin America's data center domain, unveiled its groundbreaking initiative to construct five novel facilities, further cementing its position of preeminence with an aggregate of 33 infrastructures spanning Brazil, Chile, Mexico, and now Colombia. The novel data centers were strategically situated, including Santiago 3, encompassing 21,000 m² with a power capacity of 16 MW; Bogota 1 and 2, each spanning 9,000 m² and equipped with a 12 MW capacity; and finally, So Paulo 5 and 6, boasting an expansive area of 7,000 m² and a commanding capacity of 19 MW each., August 2022: The largest vertical data center in Latin America, SGRUTB04, with a total capacity of 18MW, was launched by Scala Data Centers, the region's top platform for environmentally friendly data centers in the hyperscale market. The Tamboré Campus, a complex owned by the firm in Greater So Paulo, Brazil, was where SGRUTB04 is situated. It was devoted to a single hyperscale client and was likely to operate at full capacity for more than ten years. This new Scala data center is 5 meters tall, has seven floors, four dedicated to data halls, and has a total built-out space of over 140,000 square feet, or more than 1,500 racks.. Key drivers for this market are: Increasing Deployment of Data Center Facilities, Growing Cloud Computing Adoption Leading to Investment in Hyperscale Data Centers; BFSI Sector Expected to Hold a Significant Share. Potential restraints include: Increasing Utilization of Blade Servers. Notable trends are: IT and Telecom to have significant market share.

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.

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.

Trade promotion agencies in various countries mainly assist domestic industry players to expand foreign trade, and work with industry players to pursue the steady development of the national economy. They are the industry's best partners in expanding trade and advocates of the government's strong public policies. The data set includes fields such as serial number, country, country, organization name, website link (Optional), etc.

The average for 2019 based on 19 countries was 3.65 points. The highest value was in Chile: 5.2 points and the lowest value was in Haiti: 2.1 points. The indicator is available from 2006 to 2019. Below is a chart for all countries where data are available.

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 data center construction market is experiencing robust growth, projected to reach a market size of $5.14 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) exceeding 8.71% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the burgeoning digital economy across the region is fueling demand for increased data storage and processing capabilities. Secondly, growing adoption of cloud computing and the increasing reliance on digital services by businesses and governments are creating significant opportunities for data center development. Furthermore, investments in improving digital infrastructure, particularly in key markets like Brazil and Mexico, are further accelerating market growth. The market is segmented by infrastructure type (electrical, mechanical, and general construction), tier level (Tier I-IV), enterprise size (small, medium, and large), and end-user sectors (banking, IT, government, healthcare, etc.). Brazil, Mexico, and other major economies in the region are leading the market expansion. Challenges include regulatory hurdles and the need for skilled labor in some areas. Despite potential restraints, the long-term outlook remains positive. Continued growth in e-commerce, fintech, and other data-intensive industries will necessitate further data center expansion. The increasing adoption of sustainable practices within the data center industry, including the use of renewable energy sources for power, also represents a notable trend. The competitive landscape is dynamic, with both international and regional players vying for market share. Key players are focusing on strategic partnerships and expansions to cater to the rising demand. The market's trajectory suggests substantial opportunities for investors and developers in the coming years. The continued focus on digital transformation across Latin America will be the primary engine of growth, making this a highly attractive market for data center construction. Recent developments include: January 2023: The Santos Port Authority (SPA) is planning to have a new data center constructed by the Brazilian company Zeittec. Zeittec and the SPA, the state-owned organization in charge of running the Port of Santos in the state of So Paulo, have agreed to the terms of a building agreement for a new data center. It is anticipated that work on the Safe Room will begin in January and be finished in the middle of 2023. According to the firm, the SPA Safe Room will be safe from both break-ins and fires thanks to walls that have been certified by NBR 10.636 as being able to resist fire for up to 120 minutes (CF 120). It will have OM4 laser multimode optical fibers and CAT 6A structured cabling., December 2022: Aligned, which is financed by Macquarie Group, intends to acquire Odata. The parties are in "advanced discussions" about a deal that would value Odata at roughly $1.8 billion, including debt, and may be revealed as soon as next week. The company announced at the opening of its first Mexican facility earlier this year that it would soon start building a second 30MW data center in Querétaro, and Peru would be its next market.. Key drivers for this market are: Growth in Network Connectivity and Increased Adoption of Digital Transformation Related Technologies in the Region, Favorable tax Incentive Structure Introduced by Local Governments has Led to the Higher Participation from International Players; Ongoing Consolidation Efforts by Major Data Center Construction Companies to Aid their Expansion Activities; Growing Awareness on Modular Deployments and Increasing Rack Density. Potential restraints include: Growth in Network Connectivity and Increased Adoption of Digital Transformation Related Technologies in the Region, Favorable tax Incentive Structure Introduced by Local Governments has Led to the Higher Participation from International Players; Ongoing Consolidation Efforts by Major Data Center Construction Companies to Aid their Expansion Activities; Growing Awareness on Modular Deployments and Increasing Rack Density. Notable trends are: IT and Telecommunications Segment to Hold a Significant Share of the Market.

The U.S. manufacturing sector plays a central role in the economy, accounting for 20% of U.S. capital investment, 60% of the nation's exports and 70% of business R&D. Overall, the sector's market size, measured in terms of revenue is worth roughly $6 trillion, making it a major industry to do business with. So which U.S. states are the biggest for manufacturing? This article will explore the nation's top manufacturing states, measured by number of employees, based on MNI's database of 400,000 U.S. manufacturing companies.

The South American Data Center Power market is experiencing robust growth, projected to reach $530.5 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 10.90% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning IT and telecommunications sector in the region, particularly in Brazil and Argentina, is driving significant demand for reliable power infrastructure within data centers. Increased government investment in digital infrastructure and the growing adoption of cloud computing services are further contributing to market expansion. Furthermore, the financial services and media & entertainment industries are also investing heavily in advanced data center technologies, necessitating robust and scalable power solutions. The market is segmented by power infrastructure solutions (UPS systems, generators, power distribution solutions), services, and end-users. Leading players like ABB, Schneider Electric, and Vertiv are actively competing in this dynamic landscape, offering a diverse range of solutions to meet the varying needs of data center operators. However, challenges remain. The economic volatility in some South American countries can impact investment decisions and project timelines. Furthermore, the need for skilled professionals to install, maintain, and manage complex power infrastructure poses a significant hurdle for continued growth. Addressing these constraints through strategic partnerships, investment in training programs, and improved regulatory frameworks will be critical for sustaining the projected growth trajectory. The market's future growth will also depend on the continued expansion of digital infrastructure, adoption of new technologies like edge computing, and the overall economic stability of the region. Opportunities abound for companies that can provide innovative, cost-effective, and reliable power solutions tailored to the specific needs of the South American market. Recent developments include: June 2023: CyberPower updated Three Phase Intelligent LCD PDUs Firmware. It supports a new environmental sensor, SNEV001, and enables users to turn on/off cipher suites for the SSL Server., June 2023: Vertiv announced its alliance with Modular Data Centers in developing and manufacturing modular data centers headquartered in Brazil. In this partnership, Vertiv contributes thermal and power management solutions for critical infrastructure, while Modular contributes expertise in designing, fabricating, and integrating modular prefabricated data centers (PFM).. Key drivers for this market are: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Potential restraints include: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Notable trends are: The IT & Telecom Segment is Expected to Hold Significant Share.

The South and Central America Motive Lead-Acid Battery Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 4.00">> 4.00 % during the forecasts periods.Motive lead-acid battery markets in South and Central America account for part of the region's automotive and industrial sectors, with applications in trucks, buses, forklifts, and heavy equipment. Lead-acid batteries have become popular in this region because they are dependable, affordable, and offer enormous amounts of power needed by an engine during startup and for use by an electrical system with demanding requirements. Countries with a notable need for industrial activities and large transportation requirements are Brazil, Mexico, Argentina, and Chile, amongst other nations. Brazil, by virtue of being the largest South American economy, needs motive lead-acid batteries for its large commercial vehicle fleet and manufacturing operations. Notably, its agricultural sector relies on lead-acid motive power for machinery that is needed in the planting of crops and logistics. Likewise, Mexico and Argentina use a great deal of lead in mining and manufacturing, where strong yet affordable power solutions are needed daily for production. Government policies for automotive manufacturing, including ancillary industries, together with other regulatory policies, play a huge role in market determination. Reforms in the areas of incentives for vehicle production and infrastructure development spur the demand for motive lead-acid batteries, thereby supporting local production and imports by global manufacturers. Recent developments include: In November 2022, BorgWarner Inc., an American automotive supplier, announced the production of an ultra-high energy (UHE) battery system AKASystem AKM CYC to serve local customers of Brazil. The start of operations and assembly of the battery systems are planned for the first quarter of 2023., In November 2022, BYD Inc. signed a letter of intent with the local government of Camacari, in the state of Bahia, Brazil, to set up a manufacturing facility for electric vehicles and for processing raw battery materials. The company plans to begin the facility's construction by the end of 2023. The manufacturing plant will have two production lines - one dedicated to raw battery materials preparation and the other focusing on manufacturing electric buses and trucks.. Key drivers for this market are: 4., Declining Lithium-Ion Battery Prices4.; Increasing Adoption Of Electric Vehicles. Potential restraints include: 4., Safety Concerns Related To Lithium-Ion Battery. Notable trends are: Lithium-ion Batteries to Dominate the Market.