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Latin America & Caribbean: income per capita by country 2019

In 2019, six Caribbean nations were the countries with the highest gross national income per capita in Latin America and the Caribbean. On average, the national gross income amounted to around 31.8 thousand U.S. dollars per person in the Bahamas, island country which also led this region's ranking based on gross domestic product per capita.

Excluding the Caribbean, the economies with the highest national income per capita are generally located in South America, with the exceptions of Panama, Costa Rica and Mexico. Uruguay leads among continental states with a national income of around 16.2 thousand U.S. dollars per person. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad.

Gross national income per capita in Latin America and the Caribbean in 2019, by country

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Source

Release date

August 2020

Region

LAC

Survey time period

2019

Special properties

Based on current prices

Supplementary notes

No data available for countries or territories excluded from this graph.
Some figures have been rounded.

The source provides the following additional information: "GNI per capita is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies."

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