Latin America and Caribbean 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.
The combined GDP per capita (PPP) for all Latin American and Caribbean countries in 2023 was about $18,000. The region has a rich natural resource base, with significant exports in oil, minerals, and agricultural products, alongside growing service sectors.