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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%. [1]
The Latin American countries Brazil, Mexico, Argentina, Colombia, and Chile are the region's largest economies by gross domestic product (GDP) at purchasing power parity (PPP). Cuba is not included in the list due to lack of economic data. Of the countries listed some are not independent: the Falkland Islands are a British overseas territory ...
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.
Guatemala is the largest economy in Central America, with an estimated 2024 GDP (PPP) per capita of US$10,998. However, Guatemala faces many social problems and is one of the poorest countries in Latin America.
Real GDP growth rates of Latin American and the Caribbean nations [1]; Rank Nation GDP growth rate (%) Year 1 Montserrat [a] 7.40: 2011 est. 2 Panama 5.40: 2017 est. 3 Nicaragua 4.90
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
The economy of Guatemala is a considered a developing economy, highly dependent on agriculture, particularly on traditional crops such as coffee, sugar, and bananas. [15] Guatemala's GDP per capita is roughly one-third of Brazil's. [16] The Guatemalan economy is the largest in Central America. It grew 3.3 percent on average from 2015 to 2018. [17]
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.