Latin America and Caribbean economy annual growth rate from 2000 to today. GDP growth (yearly %). World Bank and OECD national accounts data.
The broader Latin America and Caribbean region saw a GDP growth rate of 2.2% in 2023. This reflects a slowdown from the previous year, attributed to weaker global demand, tighter financial conditions, and domestic economic challenges. While Central America and Mexico showed resilience with a 3.5% growth, South America and the Caribbean faced more subdued expansions of 1.5% and 3.4%, respectively.