List of Latin American and Caribbean countries by GDP (nominal)

Last updated May 13, 2024

This is a list of Latin American and Caribbean countries by gross domestic product (nominal) in USD according to the International Monetary Fund's estimates in April 2024 World Economic Outlook database.

Cuba is not included in the list due to lack of economic data. Puerto Rico is not listed since it is a U.S. territory, and neither is the Falkland Islands since it is a British Overseas Territory.

Latin America and the Caribbean by estimated GDP 2024 (nominal)^[1]
Rank	Country	GDP (nominal) (millions of US$)	GDP (nominal) per capita (US$)
1	Brazil	2,331,391	11,352
2	Mexico	2,017,025	15,249
3	Argentina	604,260	12,812
4	Colombia	386,076	7,327
5	Chile	333,760	16,616
6	Peru	282,458	8,291
7	Dominican Republic	127,356	11,774
8	Ecuador	121,592	6,567
9	Guatemala	110,035	5,678
10	Venezuela	102,328	3,867
11	Costa Rica	96,058	18,031
12	Panama	87,347	19,369
13	Uruguay	82,605	23,088
14	Bolivia	49,334	4,014
15	Paraguay	45,817	5,984
16	Honduras	37,355	3,505
17	El Salvador	35,333	5,537
18	Trinidad and Tobago	28,365	19,861
19	Haiti	24,046	1,941
20	Guyana	21,178	26,592
21	Jamaica	20,098	7,309
22	Nicaragua	18,829	2,791
23	The Bahamas	14,390	35,257
24	Barbados	6,863	23,596
25	Suriname	4,337	6,702
26	Belize	3,296	7,170
27	Saint Lucia	2,582	14,101
28	Antigua and Barbuda	2,127	20,533
29	Grenada	1,406	12,255
30	Saint Kitts and Nevis	1,134	23,705
31	Saint Vincent and the Grenadines	1,128	10,150
32	Dominica	708	9,455

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The economy of the Bahamas is dependent upon tourism and offshore banking. The Bahamas is the richest country in the West Indies and is ranked 14th in North America for nominal GDP. It is a stable, developing nation in the Lucayan Archipelago, with a population of 391,232 (2016). Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth for many years. The slowdown in the Economy of the United States and the September 11 attacks held back growth in these sectors from 2001 to 2003.

Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is more often used by the government of a single country to measure its economic health. Due to its complex and subjective nature, this measure is often revised before being considered a reliable indicator.

The economy of North America comprises more than 596 million people in its 24 sovereign states and 15 dependent territories. It is marked by a sharp division between the predominantly English speaking countries of Canada and the United States, which are among the wealthiest and most developed nations in the world, and countries of Central America and the Caribbean in the former Latin America that are less developed. Mexico and Caribbean nations of the Commonwealth of Nations are between the economic extremes of the development of North America.

<span class="mw-page-title-main">Gross national income</span> Total domestic and foreign economic output claimed by residents of a country

The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.

The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia. According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. The major economic sectors are agriculture and tourism, although the industrial sector has shown strong growth, mainly in Panama.

The trade-to-GDP ratio is an indicator of the relative importance of international trade in the economy of a country. It is calculated by dividing the aggregate value of imports and exports over a period by the gross domestic product for the same period. Although called a ratio, it is usually expressed as a percentage. It is used as a measure of the openness of a country to international trade and so may also be called the trade openness ratio. It may be seen as an indicator of the degree of globalisation of an economy.

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v t e Economy of the Americas
United States and Canada Latin America and the Caribbean
Latin America Hispanic North America Northern Caribbean Central America South America
Sovereign states	Antigua and Barbuda Argentina Bahamas Barbados Belize Bolivia Brazil Canada Chile Colombia Costa Rica Cuba Dominica Dominican Republic Ecuador El Salvador Grenada Guatemala Guyana Haiti Honduras Jamaica Mexico Nicaragua Panama Paraguay Peru Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Suriname Trinidad and Tobago United States Uruguay Venezuela
Dependencies and other territories	Anguilla Aruba Bermuda Bonaire British Virgin Islands Cayman Islands Curaçao Falkland Islands French Guiana Greenland Guadeloupe Martinique Montserrat Puerto Rico Saba Saint Barthélemy Saint Martin Saint Pierre and Miquelon Sint Eustatius Sint Maarten South Georgia and the South Sandwich Islands Turks and Caicos Islands U.S. Virgin Islands

v t e Lists of countries by GDP rankings
Nominal	Per capita Past and projected per capita Sector composition
Purchasing power parity (PPP)	Per capita Past per capita Past and projected per capita Private consumption per capita Per person employed Ten largest historically
Growth rate	African countries Asian states European Union member states European countries Latin American and Caribbean countries Oceanian countries Per capita 1980–2010 growth Industrial growth
Gross national income (GNI)	PPP per capita Nominal per capita
Countries by region	Africa PPP nominal Commonwealth of Nations PPP nominal Latin America & Caribbean PPP nominal North America PPP nominal nominal per capita South America PPP Arab League nominal and per capita PPP and per capita ASEAN subdivision Asia Asia & Pacific nominal PPP Former Soviet Republics Europe PPP PPP per capita nominal nominal per capita Oceania GDP
Subnational divisions	Albania Argentina Australia Austria Baltic States Belarus Belgium Brazil Bulgaria Canada cities Chile per capita China per capita cities prefectures Colombia Croatia Czech Republic Egypt Finland France per capita Georgia Germany per capita cities Greece Hungary India PPP per capita Indonesia per capita cities regencies Italy nominal per capita Japan per capita Kazakhstan Kenya Malaysia Mexico per capita Mongolia Netherlands Nigeria Nepal Norway Pakistan Peru Philippines Poland Portugal Romania Russia per capita Saudi Arabia Serbia Slovakia South Africa per capita South Korea Spain Sweden Switzerland Ukraine United Kingdom per capita United States counties cities Taiwan Tanzania Thailand Turkey Vietnam OECD Top country subdivisions by GDP Top country metropolitan by GDP
Lists of countries by financial rankings List of international rankings Lists by country

List of Latin American and Caribbean countries by GDP (nominal)

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