Gross Domestic Product, GDP in millions constant 2021 international $ in Latin America and the Caribbean
Latin America and the Caribbean: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.62 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Latin America and the Caribbean, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latin America and the Caribbean recorded 2.62 % change on previous year for gross domestic product, gdp in millions constant 2021 international $ in 2027.
The figure is up 19.7% on the previous year and up 244.8% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latin America and the Caribbean peaked at 7.07 % change on previous year in 2021 and was at its lowest, -7.41 % change on previous year, in 2020.
That places Latin America and the Caribbean 52nd out of 86 groups with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latin America and the Caribbean, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 2.89 % change on previous year | — |
| 1993 | 3.86 % change on previous year | +33.5% |
| 1994 | 4.42 % change on previous year | +14.6% |
| 1995 | 1.18 % change on previous year | -73.3% |
| 1996 | 3.52 % change on previous year | +198.3% |
| 1997 | 5.47 % change on previous year | +55.4% |
| 1998 | 2.69 % change on previous year | -50.9% |
| 1999 | 0.0016 % change on previous year | -99.9% |
| 2000 | 3.62 % change on previous year | +231646.4% |
| 2001 | 0.7064 % change on previous year | -80.5% |
| 2002 | -0.3248 % change on previous year | -146.0% |
| 2003 | 1.66 % change on previous year | -611.4% |
| 2004 | 6.36 % change on previous year | +283.0% |
| 2005 | 4.58 % change on previous year | -27.9% |
| 2006 | 5.69 % change on previous year | +24.1% |
| 2007 | 5.6 % change on previous year | -1.6% |
| 2008 | 3.85 % change on previous year | -31.2% |
| 2009 | -2.28 % change on previous year | -159.1% |
| 2010 | 5.65 % change on previous year | -348.1% |
| 2011 | 4.47 % change on previous year | -20.9% |
| 2012 | 2.92 % change on previous year | -34.8% |
| 2013 | 2.72 % change on previous year | -6.7% |
| 2014 | 0.9784 % change on previous year | -64.1% |
| 2015 | -0.0066 % change on previous year | -100.7% |
| 2016 | -1.54 % change on previous year | +23139.0% |
| 2017 | 0.7609 % change on previous year | -149.3% |
| 2018 | 0.4683 % change on previous year | -38.5% |
| 2019 | -0.5502 % change on previous year | -217.5% |
| 2020 | -7.41 % change on previous year | +1247.7% |
| 2021 | 7.07 % change on previous year | -195.3% |
| 2022 | 4.17 % change on previous year | -41.0% |
| 2023 | 2.23 % change on previous year | -46.6% |
| 2024 | 2.27 % change on previous year | +2.2% |
| 2025 | 2.31 % change on previous year | +1.7% |
| 2026 | 2.19 % change on previous year | -5.2% |
| 2027 | 2.62 % change on previous year | +19.7% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ in Latin America and the Caribbean 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 |
|---|---|---|---|
| 2000 | +231646.4% | 0.0016 % change on previous year | 3.62 % change on previous year |
| 2016 | -23139.0% | -0.0066 % change on previous year | -1.54 % change on previous year |
| 2020 | -1247.7% | -0.5502 % change on previous year | -7.41 % change on previous year |
| 2003 | +611.4% | -0.3248 % change on previous year | 1.66 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.01 % change on previous year | 0.0016 % change on previous year | 5.47 % change on previous year | 8 |
| 2000s | 2.95 % change on previous year | -2.28 % change on previous year | 6.36 % change on previous year | 10 |
| 2010s | 1.59 % change on previous year | -1.54 % change on previous year | 5.65 % change on previous year | 10 |
| 2020s | 1.93 % change on previous year | -7.41 % change on previous year | 7.07 % change on previous year | 8 |
Countries ranked near Latin America and the Caribbean
- 49 Suriname 4.28 % change on previous year compare
- 50 Mozambique 4.28 % change on previous year compare
- 51 Comoros 4.26 % change on previous year compare
- 52 China 4.19 % change on previous year compare
- 53 Burundi 4.18 % change on previous year compare
- 54 Kazakhstan 4.17 % change on previous year compare
- 55 Pakistan 4.1 % change on previous year 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 with unknown risk status — Value 452 No (2025)
- 2.5.2 Number of local breeds (not extinct) — Value 569 No (2025)
Frequently asked questions
- What is gross domestic product, gdp in millions constant 2021 international $ in Latin America and the Caribbean?
- Gross domestic product, gdp in millions constant 2021 international $ in Latin America and the Caribbean was 2.62 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Latin America and the Caribbean?
- The highest recorded value was 7.07 % change on previous year in 2021.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Latin America and the Caribbean?
- The lowest recorded value was -7.41 % change on previous year in 2020.
- How does Latin America and the Caribbean rank for gross domestic product, gdp in millions constant 2021 international $?
- Latin America and the Caribbean ranks 52nd out of 86 groups with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Latin America and the Caribbean?
- Over the last ten years it is up 244.8%. 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 Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.