Latin America and Caribbean (excluding high income) 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 combined GDP per capita (PPP) for Latin American and Caribbean countries excluding high-income economies was approximately $10,000 in 2023. Key sectors include agriculture, mining, and services.