Annual GDP growth in Latin America and the Caribbean
Latin America and the Caribbean: Annual GDP growth was 2.3% in 2024. ◆ Volatile
Annual GDP growth in Latin America and the Caribbean, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Latin America and the Caribbean is 2.3%, measured in 2024.
Compared with earlier readings it is up 0.2% on the previous year and up 88.5% over ten years.
Over the whole period, annual gdp growth in Latin America and the Caribbean peaked at 7.1% in 2021 and was at its lowest, -6.9%, in 2020.
That places Latin America and the Caribbean 26th out of 37 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Latin America and the Caribbean, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.6% | — |
| 2001 | 0.5% | -85.3% |
| 2002 | 0.2% | -59.7% |
| 2003 | 2.2% | +931.8% |
| 2004 | 5.7% | +158.9% |
| 2005 | 4.1% | -28.4% |
| 2006 | 5.3% | +28.5% |
| 2007 | 5.3% | +0.5% |
| 2008 | 3.7% | -30.2% |
| 2009 | -2.3% | -162.5% |
| 2010 | 6.2% | -367.2% |
| 2011 | 4.4% | -28.7% |
| 2012 | 2.6% | -39.9% |
| 2013 | 2.7% | +2.7% |
| 2014 | 1.2% | -56.0% |
| 2015 | 0.2% | -80.1% |
| 2016 | -0.7% | -406.3% |
| 2017 | 1.6% | -312.8% |
| 2018 | 1.2% | -21.6% |
| 2019 | 0.3% | -74.4% |
| 2020 | -6.9% | -2298.4% |
| 2021 | 7.1% | -203.0% |
| 2022 | 4.1% | -42.2% |
| 2023 | 2.2% | -44.9% |
| 2024 | 2.3% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.8% | -2.3% | 5.7% | 10 |
| 2010s | 2.0% | -0.7% | 6.2% | 10 |
| 2020s | 1.8% | -6.9% | 7.1% | 5 |
Countries ranked near Latin America and the Caribbean
- 23 Democratic Republic of the Congo 6.1% compare
- 24 Senegal 6.1% compare
- 25 Uganda 6.1% compare
- 26 Côte d'Ivoire 6.0% compare
- 26 Côte d'Ivoire 6.0% compare
- 28 Cambodia 6.0% compare
- 29 Bermuda 6.0% compare
More economy & growth data for Latin America and the Caribbean
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.86 Percent per annum (2028)
- Gross Domestic Product, GDP in millions constant 2021 international $ 13.84 million (2027)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 32.96 Percentage of GDP (2028)
- 2.5.1b Number of transboundary breeds (including extinct ones) — Value 348 No (2025)
- 2.5.2 Number of transboundary breeds with unknown risk status — Value 182 No (2025)
- 2.5.2 Number of transboundary breeds (not extinct) — Value 340 No (2025)
- Output per hour worked, GDP constant 2021 international $ at PPP 21.66 (2027)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
- 2.5.2 Number of local breeds with unknown risk status — Value 452 No (2025)
Frequently asked questions
- What is annual gdp growth in Latin America and the Caribbean?
- Annual gdp growth in Latin America and the Caribbean was 2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Latin America and the Caribbean?
- The highest recorded value was 7.1% in 2021.
- What is the lowest annual gdp growth recorded in Latin America and the Caribbean?
- The lowest recorded value was -6.9% in 2020.
- How does Latin America and the Caribbean rank for annual gdp growth?
- Latin America and the Caribbean ranks 26th out of 37 groups with data for 2024.
- Is annual gdp growth rising or falling in Latin America and the Caribbean?
- Over the last ten years it is up 88.5%. The long-run trend across the full record is volatile.
- Where does this Latin America and the Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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