Venezuela is expected to experience the worst economic recession in Latin America and the Caribbean in 2021 and 2022. Venezuela's gross domestic product (GDP) in 2021 is forecast to be five percent lower than the value registered in 2020, based on constant prices. Aside from Venezuela, Haiti and a few island nations, most economies in the region were likely to experience economic growth in 2022, most notably, Guyana and Aruba.
Among the largest Latin American economies, Peru was expected to register the highest growth in 2022, with over four percent.
Gross domestic product (GDP) real growth rate in Latin America and the Caribbean in 2021 and 2022, by country
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IMF. (October 13, 2021). Gross domestic product (GDP) real growth rate in Latin America and the Caribbean in 2021 and 2022, by country [Graph]. In Statista. Retrieved July 06, 2022, from https://www.statista.com/statistics/1032072/gross-domestic-product-growth-latin-america-caribbean-country/
IMF. "Gross domestic product (GDP) real growth rate in Latin America and the Caribbean in 2021 and 2022, by country." Chart. October 13, 2021. Statista. Accessed July 06, 2022. https://www.statista.com/statistics/1032072/gross-domestic-product-growth-latin-america-caribbean-country/
IMF. (2021). Gross domestic product (GDP) real growth rate in Latin America and the Caribbean in 2021 and 2022, by country. Statista. Statista Inc.. Accessed: July 06, 2022. https://www.statista.com/statistics/1032072/gross-domestic-product-growth-latin-america-caribbean-country/
IMF. "Gross Domestic Product (Gdp) Real Growth Rate in Latin America and The Caribbean in 2021 and 2022, by Country." Statista, Statista Inc., 13 Oct 2021, https://www.statista.com/statistics/1032072/gross-domestic-product-growth-latin-america-caribbean-country/
IMF, Gross domestic product (GDP) real growth rate in Latin America and the Caribbean in 2021 and 2022, by country Statista, https://www.statista.com/statistics/1032072/gross-domestic-product-growth-latin-america-caribbean-country/ (last visited July 06, 2022)