This is a list of estimates of the real gross domestic product growth rate (not rebased GDP) in Latin American and the Caribbean nations for the latest years recorded in the CIA World Factbook. Nations are not included if their latest growth estimate was for a year prior to 2014. The list contains some non-sovereign territories.
Rank | Nation | GDP growth rate (%) | Year |
---|---|---|---|
1 | Montserrat [lower-alpha 1] | 7.40 | 2011 est. |
2 | Panama | 5.40 | 2017 est. |
3 | Nicaragua | 4.90 | 2017 est. |
4 | Honduras | 4.80 | 2017 est. |
5 | Dominican Republic | 4.60 | 2017 est. |
6 | Paraguay | 4.30 | 2017 est. |
7 | Bolivia | 4.20 | 2017 est. |
8 | Sint Maarten [lower-alpha 2] | 3.60 | 2014 est. |
9 | Grenada | 3.50 | 2017 est. |
10 | Brazil | 3.20 | 2023 est. |
Costa Rica | 3.20 | 2017 est. | |
11 | Uruguay | 3.10 | 2017 est. |
12 | Saint Lucia | 3.00 | 2017 est. |
13 | Argentina | 2.90 | 2017 est. |
14 | Antigua and Barbuda | 2.80 | 2017 est. |
Guatemala | 2.80 | 2017 est. | |
16 | Ecuador | 2.70 | 2017 est. |
17 | Saint Kitts and Nevis | 2.60 | 2017 est. |
18 | Peru | 2.50 | 2017 est. |
19 | El Salvador | 2.40 | 2017 est. |
20 | Guyana | 2.10 | 2017 est. |
21 | Mexico | 2.00 | 2017 est. |
22 | Colombia | 1.80 | 2017 est. |
23 | Cayman Islands [lower-alpha 3] | 1.70 | 2014 est. |
24 | Cuba | 1.60 | 2017 est. |
25 | Chile | 1.50 | 2017 est. |
26 | Bahamas | 1.30 | 2017 est. |
27 | Haiti | 1.20 | 2017 est. |
28 | Jamaica | 1.00 | 2017 est. |
Saint Vincent and the Grenadines | 1.00 | 2017 est. | |
31 | Barbados | 0.90 | 2017 est. |
32 | Belize | 0.80 | 2017 est. |
33 | Suriname | 0.00 | 2017 est. |
34 | Trinidad and Tobago | –2.60 | 2017 est. |
35 | Dominica | -4.20 | 2017 est. |
36 | Puerto Rico [lower-alpha 4] | -7.70 | 2017 est. |
37 | Venezuela | –14.00 | 2017 est. |
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.
Once a single-crop agricultural economy, Saint Lucia has shifted to a tourism and banking serviced-based economy. Tourism, the island's biggest industry and main source of jobs, income and foreign exchange, accounts for 65% of its GDP. Agriculture, which was once the biggest industry, now contributes to less than 3% of GDP, but still accounts for 20% of jobs. The banana industry is now on a decline due to strong competition from low-cost Latin American producers and reduced European trade preferences, but the government has helped revitalize the industry, with 13,734 tonnes exported in 2018. Agricultural crops grown for export are bananas, mangoes, and avocados. The island is considered to have the most diverse and well-developed manufacturing industry in the eastern Caribbean.
The economy of Sierra Leone is $4.082 billion by gross domestic product as of 2018. Since the end of the Sierra Leone Civil War in 2002, the economy is gradually recovering with a gross domestic product growth rate between 4 and 7%. In 2008 it in PPP ranked between 147th by World Bank, and 153rd by CIA, largest in the world.
The gross world product (GWP), also known as gross world income (GWI), is the combined gross national income of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP). According to the World Bank, the 2013 nominal GWP was approximately 75.59 trillion United States dollars. In 2017, according to the CIA's World Factbook, the GWP was around $80.27 trillion in nominal terms and totaled approximately 127.8 trillion international dollars in terms of purchasing power parity (PPP). The per capita PPP GWP in 2017 was approximately 17,500 international dollars according to the World Factbook. According to the World Bank, the 2020 GWP in current dollars was approximately $84.705 trillion.
This page compares the sovereign states of Europe on economic, financial and social indicators.
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.
The economy of Antigua and Barbuda is service-based, with tourism and government services representing the key sources of employment and income. Tourism accounts directly or indirectly for more than half of GDP and is also the principal earner of foreign exchange in Antigua and Barbuda. However, a series of violent hurricanes since 1995 resulted in serious damage to tourist infrastructure and periods of sharp reductions in visitor numbers. In 1999 the budding offshore financial sector was seriously hurt by financial sanctions imposed by the United States and United Kingdom as a result of the loosening of its money-laundering controls. The government has made efforts to comply with international demands in order to get the sanctions lifted. The dual island nation's agricultural production is mainly directed to the domestic market; the sector is constrained by the limited water supply and labor shortages that reflect the pull of higher wages in tourism and construction. Manufacturing comprises enclave-type assembly for export with major products being bedding, handicrafts, and electronic components. Prospects for economic growth in the medium term will continue to depend on income growth in the industrialized world, especially in the US, which accounts for about one-third of all tourist arrivals. Estimated overall economic growth for 2000 was 2.5%. Inflation has trended down going from above 2 percent in the 1995-99 period and estimated at 0 percent in 2000.
The following are international rankings of Cuba.
The economy of Saint Martin, divided between the French Collectivity of Saint Martin and the Dutch Sint Maarten, is predominately dependent on tourism. For more than two centuries, the main commodity exports have generally been salt and locally grown commodities, like sugar.