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 13.84 million in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Latin America and the Caribbean, 1991–2027
Source: International Labour Organization.
Analysis
Latin America and the Caribbean recorded 13.84 million for gross domestic product, gdp in millions constant 2021 international $ in 2027. That is the highest value across all 37 years on record.
That represents a change of up 2.6% on the previous year and up 15.7% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Latin America and the Caribbean peaked at 13.84 million in 2027 and was at its lowest, 6.07 million, in 1991.
Latin America and the Caribbean ranks 32nd of 87 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 6.07 million | — |
| 1992 | 6.24 million | +2.9% |
| 1993 | 6.48 million | +3.9% |
| 1994 | 6.77 million | +4.4% |
| 1995 | 6.85 million | +1.2% |
| 1996 | 7.09 million | +3.5% |
| 1997 | 7.48 million | +5.5% |
| 1998 | 7.68 million | +2.7% |
| 1999 | 7.68 million | +0.0% |
| 2000 | 7.96 million | +3.6% |
| 2001 | 8.01 million | +0.7% |
| 2002 | 7.99 million | -0.3% |
| 2003 | 8.12 million | +1.7% |
| 2004 | 8.64 million | +6.4% |
| 2005 | 9.03 million | +4.6% |
| 2006 | 9.55 million | +5.7% |
| 2007 | 10.08 million | +5.6% |
| 2008 | 10.47 million | +3.9% |
| 2009 | 10.23 million | -2.3% |
| 2010 | 10.81 million | +5.7% |
| 2011 | 11.29 million | +4.5% |
| 2012 | 11.62 million | +2.9% |
| 2013 | 11.94 million | +2.7% |
| 2014 | 12.05 million | +1.0% |
| 2015 | 12.05 million | -0.0% |
| 2016 | 11.87 million | -1.5% |
| 2017 | 11.96 million | +0.8% |
| 2018 | 12.01 million | +0.5% |
| 2019 | 11.95 million | -0.6% |
| 2020 | 11.06 million | -7.4% |
| 2021 | 11.84 million | +7.1% |
| 2022 | 12.34 million | +4.2% |
| 2023 | 12.61 million | +2.2% |
| 2024 | 12.90 million | +2.3% |
| 2025 | 13.20 million | +2.3% |
| 2026 | 13.49 million | +2.2% |
| 2027 | 13.84 million | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.93 million | 6.07 million | 7.68 million | 9 |
| 2000s | 9.01 million | 7.96 million | 10.47 million | 10 |
| 2010s | 11.76 million | 10.81 million | 12.05 million | 10 |
| 2020s | 12.66 million | 11.06 million | 13.84 million | 8 |
Countries ranked near Latin America and the Caribbean
- 29 Argentina 1.38 million compare
- 30 Malaysia 1.37 million compare
- 31 Netherlands 1.32 million compare
- 32 Colombia 1.05 million compare
- 33 South Africa 905,053 compare
- 34 Singapore 853,754 compare
- 35 Kazakhstan 851,700 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 $ 2.62 % change on previous year (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 13.84 million in 2027, according to International Labour Organization.
- 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 13.84 million in 2027.
- 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 6.07 million in 1991.
- How does Latin America and the Caribbean rank for gross domestic product, gdp in millions constant 2021 international $?
- Latin America and the Caribbean ranks 32nd out of 87 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 15.7%. The long-run trend across the full record is rising.
- Where does this Latin America and the Caribbean data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.