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Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund's estimates in the October 2023 World Economic Outlook database.
Puerto Rico is not listed since it is a U.S. territory, and neither is the Falkland Islands since it is a British Overseas Territory. Several others are in this category including Dutch, British, French, and American territories. There are about 33 countries and 15 territories in these two regions. [1]
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year.
The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia. According to the World Bank , the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009 , where gross domestic product (GDP) suffered a decline to 3.8%. [ 1 ]
[1] [2] In all of these countries, Spanish is the main language - sometimes sharing official status with one or more indigenous languages (such as Guaraní, Quechua, Aymara, or Mayan) or English (in Puerto Rico), [3] and Latin Catholicism is the predominant religion. [4]
Map of Latin America and the Caribbean. The term Latin America and the Caribbean (LAC [1]) is an English-language acronym referring to the Latin American and the Caribbean region. The term LAC covers an extensive region, extending from The Bahamas and Mexico to Argentina and Chile.