Gross value added at basic prices (GVA) (constant 2015 US$), per in Latin America & Caribbean
Latin America & Caribbean: Gross value added at basic prices (GVA) (constant 2015 US$), per was 8,438 constant 2015 US$ per person in 2025. ▲ Rising
Gross value added at basic prices (GVA) (constant 2015 US$), per in Latin America & Caribbean, 1970–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant 2015 us$), per in Latin America & Caribbean is 8,438 constant 2015 US$ per person, measured in 2025. That is the highest value across all 56 years on record.
That represents a change of up 1.6% on the previous year and up 7.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per in Latin America & Caribbean peaked at 8,438 constant 2015 US$ per person in 2025 and was at its lowest, 3,880 constant 2015 US$ per person, in 1970.
That places Latin America & Caribbean 8th out of 32 groups with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$), per in Latin America & Caribbean, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1970 | 3,880 constant 2015 US$ per person | — |
| 1971 | 4,053 constant 2015 US$ per person | +4.5% |
| 1972 | 4,258 constant 2015 US$ per person | +5.0% |
| 1973 | 4,515 constant 2015 US$ per person | +6.0% |
| 1974 | 4,713 constant 2015 US$ per person | +4.4% |
| 1975 | 4,780 constant 2015 US$ per person | +1.4% |
| 1976 | 4,947 constant 2015 US$ per person | +3.5% |
| 1977 | 5,058 constant 2015 US$ per person | +2.2% |
| 1978 | 5,178 constant 2015 US$ per person | +2.4% |
| 1979 | 5,433 constant 2015 US$ per person | +4.9% |
| 1980 | 5,688 constant 2015 US$ per person | +4.7% |
| 1981 | 5,644 constant 2015 US$ per person | -0.8% |
| 1982 | 5,532 constant 2015 US$ per person | -2.0% |
| 1983 | 5,312 constant 2015 US$ per person | -4.0% |
| 1984 | 5,406 constant 2015 US$ per person | +1.8% |
| 1985 | 5,450 constant 2015 US$ per person | +0.8% |
| 1986 | 5,544 constant 2015 US$ per person | +1.7% |
| 1987 | 5,601 constant 2015 US$ per person | +1.0% |
| 1988 | 5,536 constant 2015 US$ per person | -1.2% |
| 1989 | 5,525 constant 2015 US$ per person | -0.2% |
| 1990 | 5,440 constant 2015 US$ per person | -1.6% |
| 1991 | 5,504 constant 2015 US$ per person | +1.2% |
| 1992 | 5,539 constant 2015 US$ per person | +0.6% |
| 1993 | 5,647 constant 2015 US$ per person | +2.0% |
| 1994 | 5,778 constant 2015 US$ per person | +2.3% |
| 1995 | 5,659 constant 2015 US$ per person | -2.1% |
| 1996 | 5,770 constant 2015 US$ per person | +2.0% |
| 1997 | 5,975 constant 2015 US$ per person | +3.5% |
| 1998 | 6,066 constant 2015 US$ per person | +1.5% |
| 1999 | 6,032 constant 2015 US$ per person | -0.6% |
| 2000 | 6,159 constant 2015 US$ per person | +2.1% |
| 2001 | 6,102 constant 2015 US$ per person | -0.9% |
| 2002 | 6,065 constant 2015 US$ per person | -0.6% |
| 2003 | 6,133 constant 2015 US$ per person | +1.1% |
| 2004 | 6,370 constant 2015 US$ per person | +3.9% |
| 2005 | 6,544 constant 2015 US$ per person | +2.7% |
| 2006 | 6,801 constant 2015 US$ per person | +3.9% |
| 2007 | 7,064 constant 2015 US$ per person | +3.9% |
| 2008 | 7,227 constant 2015 US$ per person | +2.3% |
| 2009 | 6,995 constant 2015 US$ per person | -3.2% |
| 2010 | 7,355 constant 2015 US$ per person | +5.1% |
| 2011 | 7,595 constant 2015 US$ per person | +3.3% |
| 2012 | 7,706 constant 2015 US$ per person | +1.5% |
| 2013 | 7,838 constant 2015 US$ per person | +1.7% |
| 2014 | 7,878 constant 2015 US$ per person | +0.5% |
| 2015 | 7,853 constant 2015 US$ per person | -0.3% |
| 2016 | 7,773 constant 2015 US$ per person | -1.0% |
| 2017 | 7,850 constant 2015 US$ per person | +1.0% |
| 2018 | 7,916 constant 2015 US$ per person | +0.8% |
| 2019 | 7,903 constant 2015 US$ per person | -0.2% |
| 2020 | 7,330 constant 2015 US$ per person | -7.2% |
| 2021 | 7,794 constant 2015 US$ per person | +6.3% |
| 2022 | 8,053 constant 2015 US$ per person | +3.3% |
| 2023 | 8,188 constant 2015 US$ per person | +1.7% |
| 2024 | 8,302 constant 2015 US$ per person | +1.4% |
| 2025 | 8,438 constant 2015 US$ per person | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,681 constant 2015 US$ per person | 3,880 constant 2015 US$ per person | 5,433 constant 2015 US$ per person | 10 |
| 1980s | 5,524 constant 2015 US$ per person | 5,312 constant 2015 US$ per person | 5,688 constant 2015 US$ per person | 10 |
| 1990s | 5,741 constant 2015 US$ per person | 5,440 constant 2015 US$ per person | 6,066 constant 2015 US$ per person | 10 |
| 2000s | 6,546 constant 2015 US$ per person | 6,065 constant 2015 US$ per person | 7,227 constant 2015 US$ per person | 10 |
| 2010s | 7,767 constant 2015 US$ per person | 7,355 constant 2015 US$ per person | 7,916 constant 2015 US$ per person | 10 |
| 2020s | 8,018 constant 2015 US$ per person | 7,330 constant 2015 US$ per person | 8,438 constant 2015 US$ per person | 6 |
Countries ranked near Latin America & Caribbean
- 5 Isle of Man 83,917 constant 2015 US$ per person compare
- 6 Cayman Islands 79,983 constant 2015 US$ per person compare
- 7 Norway 75,270 constant 2015 US$ per person compare
- 8 Singapore 67,011 constant 2015 US$ per person compare
- 9 Macao 64,085 constant 2015 US$ per person compare
- 10 Qatar 61,378 constant 2015 US$ per person compare
- 11 Australia 57,404 constant 2015 US$ per person compare
More economy & growth data for Latin America & Caribbean
- Imports of goods and services 1.66 trillion constant 2015 US$ (2025)
- Gross fixed capital formation 18.7% (2025)
- Gross capital formation 1.40 trillion current US$ (2025)
- Gross capital formation 1.14 trillion constant 2015 US$ (2025)
- Gross capital formation 3.1% (2025)
- Gross capital formation 19.0% (2025)
- Imports of goods and services 1.95 trillion current US$ (2025)
- GNI (current US$), per capita 10,608 current US$ per person (2025)
- Trade 49.1% (2025)
- External balance on goods and services -0.3% (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per in Latin America & Caribbean?
- Gross value added at basic prices (gva) (constant 2015 us$), per in Latin America & Caribbean was 8,438 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per recorded in Latin America & Caribbean?
- The highest recorded value was 8,438 constant 2015 US$ per person in 2025.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per recorded in Latin America & Caribbean?
- The lowest recorded value was 3,880 constant 2015 US$ per person in 1970.
- How does Latin America & Caribbean rank for gross value added at basic prices (gva) (constant 2015 us$), per?
- Latin America & Caribbean ranks 8th out of 32 groups with data for 2025.
- Is gross value added at basic prices (gva) (constant 2015 us$), per rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ Population, total
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.