Gross domestic product (GDP), Constant prices, Percent in Latin America and the Caribbean (LAC)
Latin America and the Caribbean (LAC): Gross domestic product (GDP), Constant prices, Percent was 2.63 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent in Latin America and the Caribbean (LAC), 1980–2031
Source: International Monetary Fund.
Analysis
Latin America and the Caribbean (LAC) recorded 2.63 for gross domestic product (gdp), constant prices, percent in 2031.
That represents a change of down 4.3% on the previous year and down 64.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent in Latin America and the Caribbean (LAC) peaked at 7.5 in 2021 and was at its lowest, -6.93, in 2020.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent in Latin America and the Caribbean (LAC), year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 6.29 | — |
| 1981 | 1.43 | -77.3% |
| 1982 | -0.4335 | -130.3% |
| 1983 | -3.03 | +599.7% |
| 1984 | 3.87 | -227.5% |
| 1985 | 2.83 | -26.8% |
| 1986 | 3.81 | +34.4% |
| 1987 | 3.34 | -12.3% |
| 1988 | 1.04 | -68.8% |
| 1989 | 0.9112 | -12.6% |
| 1990 | 0.8978 | -1.5% |
| 1991 | 3.96 | +340.8% |
| 1992 | 3.58 | -9.5% |
| 1993 | 4.05 | +13.2% |
| 1994 | 4.58 | +12.9% |
| 1995 | 1.14 | -75.2% |
| 1996 | 3.75 | +230.3% |
| 1997 | 5.57 | +48.6% |
| 1998 | 2.96 | -46.8% |
| 1999 | 0.2017 | -93.2% |
| 2000 | 3.65 | +1711.0% |
| 2001 | 0.5086 | -86.1% |
| 2002 | 0.1556 | -69.4% |
| 2003 | 2.05 | +1218.2% |
| 2004 | 5.99 | +192.3% |
| 2005 | 4.4 | -26.6% |
| 2006 | 5.6 | +27.2% |
| 2007 | 5.54 | -1.0% |
| 2008 | 3.86 | -30.3% |
| 2009 | -2.32 | -160.1% |
| 2010 | 6.08 | -361.8% |
| 2011 | 4.61 | -24.3% |
| 2012 | 2.97 | -35.6% |
| 2013 | 2.82 | -5.1% |
| 2014 | 1.3 | -53.8% |
| 2015 | 0.3715 | -71.5% |
| 2016 | -0.7501 | -301.9% |
| 2017 | 1.39 | -284.8% |
| 2018 | 1.13 | -18.3% |
| 2019 | 0.1615 | -85.7% |
| 2020 | -6.93 | -4387.9% |
| 2021 | 7.5 | -208.2% |
| 2022 | 4.3 | -42.6% |
| 2023 | 2.33 | -46.0% |
| 2024 | 2.36 | +1.3% |
| 2025 | 2.37 | +0.8% |
| 2026 | 2.34 | -1.3% |
| 2027 | 2.7 | +15.0% |
| 2028 | 2.87 | +6.3% |
| 2029 | 2.86 | -0.3% |
| 2030 | 2.74 | -4.0% |
| 2031 | 2.63 | -4.3% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Percent in Latin America and the Caribbean (LAC) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -4387.9% | 0.1615 | -6.93 |
| 2000 | +1711.0% | 0.2017 | 3.65 |
| 2003 | +1218.2% | 0.1556 | 2.05 |
| 1983 | -599.7% | -0.4335 | -3.03 |
| 2010 | +361.8% | -2.32 | 6.08 |
| 1991 | +340.8% | 0.8978 | 3.96 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.01 | -3.03 | 6.29 | 10 |
| 1990s | 3.07 | 0.2017 | 5.57 | 10 |
| 2000s | 2.94 | -2.32 | 5.99 | 10 |
| 2010s | 2.01 | -0.7501 | 6.08 | 10 |
| 2020s | 2.27 | -6.93 | 7.5 | 10 |
| 2030s | 2.69 | 2.63 | 2.74 | 2 |
Countries ranked near Latin America and the Caribbean (LAC)
- 1 Venezuela, Bolivarian Republic of 6 compare
- 2 Dominican Republic 5 compare
- 3 Panama 4.54 compare
- 4 Guatemala 3.92 compare
More economy & growth data for Latin America and the Caribbean (LAC)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, percent in Latin America and the Caribbean (LAC)?
- Gross domestic product (gdp), constant prices, percent in Latin America and the Caribbean (LAC) was 2.63 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent recorded in Latin America and the Caribbean (LAC)?
- The highest recorded value was 7.5 in 2021.
- What is the lowest gross domestic product (gdp), constant prices, percent recorded in Latin America and the Caribbean (LAC)?
- The lowest recorded value was -6.93 in 2020.
- How does Latin America and the Caribbean (LAC) rank for gross domestic product (gdp), constant prices, percent?
- Latin America and the Caribbean (LAC) ranks 1st out of 1 groups with data for 2031.
- Is gross domestic product (gdp), constant prices, percent rising or falling in Latin America and the Caribbean (LAC)?
- Over the last ten years it is down 64.9%. The long-run trend across the full record is volatile.
- Where does this Latin America and the Caribbean (LAC) data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.