Latin American and Caribbean GDP Rankings 2025
The economic landscape of Latin America and the Caribbean is characterized by a wide diversity of industrial scales and wealth distributions. To understand the current financial standing of these regions, we look to the nominal GDP—the total market value of all finished goods and services produced within a country's borders, valued at current market exchange rates.
According to the April 2025 World Economic Outlook database from the International Monetary Fund (IMF), the region's economic output is led by a few massive economies, while several smaller island nations maintain high individual wealth despite lower total outputs.
[ไม่มีภาพประกอบ]Key Facts
- Brazil holds the largest economy in the region with a nominal GDP of over 2.1 trillion USD.
- The Bahamas leads the region in GDP per capita at 36,780 USD.
- The dataset covers approximately 33 countries across Latin America and the Caribbean.
- Certain territories (U.S., British, Dutch, and French) and Cuba are excluded due to their political status or a lack of accurate current data.
Analyzing Regional Economic Output
When examining the total nominal GDP, Brazil and Mexico stand as the dominant economic powers. Brazil's economy exceeds 2 trillion USD, followed closely by Mexico. These two nations significantly outpace the rest of the region, reflecting their large populations and diverse industrial bases.
The Mid-Tier Economies
Following the top two, Argentina, Colombia, and Chile form a secondary tier of economic influence. While their total GDPs are smaller than those of Brazil and Mexico, they represent significant hubs of trade and production in South America.
GDP per Capita vs. Total GDP
It is important to distinguish between total GDP and GDP per capita, which is the economic output divided by the total population. This metric provides a better glimpse into the average wealth of a citizen. For instance, while Guyana and The Bahamas have relatively small total economies, they boast some of the highest per capita figures in the region, with Guyana at 32,330 USD and The Bahamas at 36,780 USD.
[ไม่มีภาพประกอบ]Economic Data Summary
The following table provides a detailed breakdown of the nominal GDP and per capita figures for the listed nations as of April 2025.
| Rank | Country | GDP (Nominal, Millions USD) | GDP Per Capita (USD) |
|---|---|---|---|
| 1 | Brazil | 2,130,391 | 9,960 |
| 2 | Mexico | 1,864,000 | 12,690 |
| 3 | Argentina | 683,530 | 14,360 |
| 4 | Colombia | 438,121 | 8,250 |
| 5 | Chile | 343,820 | 17,020 |
| 6 | Peru | 323,298 | 8,810 |
| 7 | Dominican Republic | 127,830 | 11,740 |
| 8 | Ecuador | 125,682 | 6,940 |
| 9 | Guatemala | 121,180 | 5,678 |
| 10 | Venezuela | 108,510 | 3,867 |
| 11 | Costa Rica | 102,590 | 19,100 |
| 12 | Panama | 91,680 | 20,080 |
| 13 | Uruguay | 79,735 | 22,069 |
| 14 | Bolivia | 56,340 | 4,530 |
| 15 | Paraguay | 45,470 | 6,524 |
| 16 | Honduras | 38,170 | 3,520 |
| 17 | El Salvador | 36,750 | 5,720 |
| 18 | Trinidad and Tobago | 26,470 | 18,440 |
| 19 | Haiti | 33,550 | 2,670 |
| 20 | Guyana | 25,820 | 32,330 |
| 21 | Jamaica | 21,098 | 7,780 |
| 22 | Nicaragua | 21,160 | 3,020 |
| 23 | The Bahamas | 15,180 | 36,780 |
| 24 | Barbados | 7,553 | 25,900 |
| 25 | Suriname | 4,510 | 6,860 |
| 26 | Belize | 3,610 | 8,650 |
| 27 | Saint Lucia | 2,630 | 14,500 |
| 28 | Antigua and Barbuda | 2,370 | 22,630 |
| 29 | Grenada | 1,460 | 12,590 |
| 30 | Saint Kitts and Nevis | 1,130 | 21,910 |
| 31 | Saint Vincent and the Grenadines | 1,240 | 11,160 |
| 32 | Dominica | 748 | 9,870 |
Frequently Asked Questions
Which country has the highest total GDP in Latin America and the Caribbean?
Brazil has the highest nominal GDP, estimated at 2,130,391 million USD.
Which country has the highest GDP per capita?
The Bahamas has the highest GDP per capita in the list, at 36,780 USD.
Why is Cuba not included in these rankings?
Cuba is excluded from the list due to a lack of current or accurate economic data.
Are Puerto Rico and the Falkland Islands included?
No, Puerto Rico is not listed because it is a U.S. territory, and the Falkland Islands are excluded as they are a British Overseas Territory.
What is the difference between nominal GDP and GDP per capita?
Nominal GDP is the total market value of all goods and services produced by a country, while GDP per capita is that total divided by the population, representing the average economic output per person.