Latin America and the Caribbean (IDA and IBRD countries) economy graph showing purchasing power parity (PPP) growth from 2000 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.
Countries in Latin America and the Caribbean eligible for IDA and IBRD assistance had a combined GDP per capita (PPP) of approximately $10,000 in 2023. These economies often rely on agriculture, mining, and remittances, with varying levels of industrial development.