Latin America and Caribbean economy graph showing purchasing power parity (PPP) growth from 1990 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
The GDP per capita (PPP) for Latin America and the Caribbean in 2023 was approximately $11,000. The region’s economies are diverse, with major contributions from agriculture, mining, tourism, and manufacturing.