• Latin America: GDP growth by country 2021

Try our corporate solution for free!

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

Characteristic	2021	2022
St. Vincent and the Grenadines	-6.1%	8.3%
Venezuela	-5%	-3%
St. Kitts and Nevis	-1%	10%
Trinidad and Tobago	-1%	5.4%
Haiti	-0.7%	1.3%
Suriname	0.7%	1.5%
Antigua and Barbuda	1%	7%
Bahamas	2%	8%
Grenada	2.7%	6.2%
Ecuador	2.8%	3.5%
Uruguay	3.1%	3.2%
Barbados	3.3%	8.5%
Dominica	3.4%	7.9%
St. Lucia	3.5%	13.1%
Costa Rica	3.9%	3.5%
Paraguay	4.5%	3.8%
Jamaica	4.6%	2.7%
Honduras	4.9%	4.4%
Nicaragua	5%	3.5%
Bolivia	5%	4%
Brazil	5.2%	1.5%
Guatemala	5.5%	4.5%
Mexico	6.2%	4%
Regional average	6.3%	3%
Argentina	7.5%	2.5%
Colombia	7.6%	3.8%
Belize	8.5%	5.4%
El Salvador	9%	3.5%
Dominican Republic	9.5%	5.5%
Peru	10%	4.6%
Chile	11%	2.5%
Panama	12%	5%
Aruba	12.8%	7.5%
Guyana	20.4%	48.7%

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

October 2021

More information

Region

LAC

Survey time period

October 2021

Special properties

Forecasts based on constant prices; Compared to the previous year

Supplementary notes

Data was not available for countries or territories excluded from this graph.

Other statistics on the topic
Coronavirus (COVID-19) in Latin America

State of Health

COVID-19 deaths worldwide as of July 4, 2022, by country

State of Health

COVID-19 cases worldwide as of July 4, 2022, by country

Rate of COVID-19 vaccine doses administered worldwide as of July 1, 2022, by select country or territory (per 100 people)

State of Health

COVID-19 vaccine dose rate worldwide by select country or territory July 1, 2022

Number of confirmed cases of the novel coronavirus (COVID-19) in Latin America and the Caribbean as of July 4, 2022, by country

State of Health

COVID-19 cases in Latin America 2022, by country

	Basic Account	Instant Access Single Account
Our services Click the question mark for further information	Free	$39 per month* (billed annually)
Basic statistics
Premium statistics

Graph download
Download PDF
Excel download
	Register	Purchase now