Annual GDP growth in South America
South America: Annual GDP growth was 2.4% in 2024. ◆ Volatile
Latest (2024)
2.4%
Change on year
up 36.7%
Rank
21st
of 34 groups
All-time high
7.4%
in 2021
All-time low
-6.1%
in 2020
Years of data
25
2000–2024
Annual GDP growth in South America, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
South America recorded 2.4% for annual gdp growth in 2024.
That represents a change of up 36.7% on the previous year and up 351.1% over ten years.
Over the whole period, annual gdp growth in South America peaked at 7.4% in 2021 and was at its lowest, -6.1%, in 2020.
South America ranks 21st of 34 groups on this measure, 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 South America, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.0% | — |
| 2001 | 0.5% | -83.7% |
| 2002 | 0.0% | -93.4% |
| 2003 | 2.6% | +8205.7% |
| 2004 | 6.7% | +155.9% |
| 2005 | 5.0% | -26.2% |
| 2006 | 5.4% | +9.7% |
| 2007 | 6.7% | +23.0% |
| 2008 | 5.0% | -26.0% |
| 2009 | -1.1% | -121.9% |
| 2010 | 7.2% | -763.0% |
| 2011 | 5.0% | -31.1% |
| 2012 | 2.3% | -53.6% |
| 2013 | 3.4% | +46.9% |
| 2014 | 0.5% | -83.9% |
| 2015 | -1.0% | -291.3% |
| 2016 | -2.1% | +98.6% |
| 2017 | 1.3% | -165.2% |
| 2018 | 0.8% | -39.1% |
| 2019 | 0.2% | -70.2% |
| 2020 | -6.1% | -2587.1% |
| 2021 | 7.4% | -221.5% |
| 2022 | 4.1% | -44.3% |
| 2023 | 1.8% | -56.4% |
| 2024 | 2.4% | +36.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4% | -1.1% | 6.7% | 10 |
| 2010s | 1.8% | -2.1% | 7.2% | 10 |
| 2020s | 1.9% | -6.1% | 7.4% | 5 |
Countries ranked near South America
More economy & growth data for South America
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 110.42 USD (2024)
- Gross Fixed Capital Formation — Value US$ 753,486 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 682,399 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 17.32 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 1.51 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 2.12 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 1.83 % (2024)
- Gross Domestic Product — Annual growth US$ 2.44 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 3.93 million million USD (2024)
- Gross Domestic Product — Value US$ 4.35 million million USD (2024)
Frequently asked questions
- What is annual gdp growth in South America?
- Annual gdp growth in South America was 2.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in South America?
- The highest recorded value was 7.4% in 2021.
- What is the lowest annual gdp growth recorded in South America?
- The lowest recorded value was -6.1% in 2020.
- How does South America rank for annual gdp growth?
- South America ranks 21st out of 34 groups with data for 2024.
- Is annual gdp growth rising or falling in South America?
- Over the last ten years it is up 351.1%. The long-run trend across the full record is volatile.
- Where does this South America 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).