The economic impact of the coronavirus due to travel losses. Latin america and the caribbean regional growth is expected to rise to 1. List of south american countries by gdp ppp per capita. We project the us economy to enter a protracted recession based on the expected downturn in travel alone.
Revenue statistics in latin america and the caribbean 2020 peru taxto gdp ratio compared to other latin american and caribbean lac countries and regional averages, 2018 1. This is a list of latin american and caribbean countries by gross domestic product at. Europe should stabilize at around 1 percent, while a belowconsensus call on china assumes growth slowing from 6. Latin american countries by gdp per capita ppp 2019. Latin american economic outlook latin american economic. The adimark gfk consumer confidence index fell to 21. This is a list of latin american and caribbean countries by gross domestic product nominal in usd according to the international monetary fund s estimates in the october 2018 world economic outlook database. Growth in latin america and the caribbean decelerated. But as latin america gdp growth slows, currency movements across economies vary. Mexico saw zero gross domestic product gdp growth in 2019. The recession is likely to last at least three quarters with the lowest point in the second quarter of 2020.
Export markets demand dec17100, 3month moving average 6 1. Guyana, a country of about 780,000 which shares a border with brazil, suriname and venezuela in the northeast of south america, will see economic growth of 86% in 2020. List of latin american and caribbean countries by gdp. Mar 27, 2019 even mexico grows despite a general slowdown in its main market, the u. This is a list of latin american and caribbean countries by gross domestic product at purchasing power parity in international dollars according to the international monetary fund s estimates in the october 2018 world economic outlook database. Central americas turbulent northern triangle council on. Gdp per capita in 2019 are not yet available as of december 2019. This is a list of latin american and caribbean countries by gross domestic product at purchasing power parity in international dollars according to the international monetary funds estimates in the october 2018 world economic outlook database the latin american countries brazil, mexico, and argentina accounted for over twothirds of the regions total gross domestic product gdp at. Development in transition in latin america and the. The gdp gures for taiwan, syria, palestine, venezuela, and djibouti, up to 2017, are from the penn world table 9. The slowdown was broadacross economies and sectors. The imf thinks this country will see growth of 86% in.
In a controversial move, venezuelas presidential election was moved forward from december 2018 to may 20, 2018. For 2020, mexicos central bank is forecasting gdp growth of 0. As of march 18, 2020, the gross domestic product gdp of mexico was forecasted to decrease by 1. The recession is likely to last at least two quarters with the lowest point in the second quarter of 2020. Gdp growth in the next biennium will be greater than 3% in peru and colombia, will converge to rates of around 2% in brazil, uruguay, chile. Many commoditydependent developing countries are still ailing from the downturn in prices in 20142016. The company already acquired 90 percent of the container terminal in 2017. Represents the unweighted average of 25 latin american and caribbean countries included in this publication and excludes venezuela due to data availability issues. Latin american economic outlook latin american economic outlook. Gdp growth of 3% in 2020, followed by chile with growth of 2. Growth in latin america and the caribbean decelerated markedly in 2019 to an estimated 0. Latin america and the caribbean the united nations.
Japan with a combined gross domestic product gdp of usd 5. Gini coefficient of per capita family income lac south america. Global growth is projected to rise from an estimated 2. Global demand for wood products food and agriculture. Total premiums expanded in both nominal and real terms,2 but overall growth was slower than in 2017 due to weakness in the life sector. Nov 04, 2019 guyana, a country of about 780,000 which shares a border with brazil, suriname and venezuela in the northeast of south america, will see economic growth of 86% in 2020, according to the imf. The economy is based largely on oil and natural gas production, with the petroleum industry accounting for more than 40 percent of gdp between 2006 and 2014. Nonlife insurance premium growth was steady at 3%, outpacing. Gdp growth and income gap in latin america and the caribbean. Latin american economic outlook 2017 youth, skills and entrepreneurship youth progress skills education growth innovation middle class.
Increasing political risk across latin america forecast for 2020. Wdi for gdp, national statistical offices for national poverty rates, povcalnet as of feburary 2020, and global monitoring database for the rest. In 2018, the external debt of latin america and the. Economic sentiment indicator and pmi composite output, euro area 7 1. Latin america and the caribbean in the time of covid19.
Apr 09, 2020 as of march 18, 2020, the gross domestic product gdp of mexico was forecasted to decrease by 1. The gross domestic product gdp in the united states was worth 21200 billion us dollars in 2019, according to official data from the world bank and projections from trading economics. Most venezuelans and much of the international community. Revenue statistics in latin america and the caribbean 2020. Apr 15, 2020 in 2019, gdp growth in the region slowed to 0. Last price currency 31mar20 jun20 sep20 dec20 mar21 g10us dollar euro eurusd 1. The impact of covid19 on the united states travel economy. It presents the most current and accurate global development data available, and includes national, regional and global estimates. All told, latin america gdp improves in 2020 thanks to mexico. South american countries by gdp ppp per capita according to the international monetary fund for 2018. Latin america economic outlook deloitte united states. He warned his readers of the risks in europe before the economy fell apart. Most venezuelans and much of the international community considered the may 2018 election, in.
Comprehensive national accounts data from across the region confirmed that latin americas recovery lost steam at the start of the year. Launch of the revenue statistics in latin america 2019 25032019. Poverty and income inequality in latin america and the caribbean 20 25 30 35 40 45 50 2002 2008 2012 2014 2016 2017 2018 % a. Active wit h latin america and the caribbean lac region, as compared to top world economies5 1. This is a list of latin american and caribbean countries by gross domestic product nominal in usd according to the international monetary funds estimates in the october 2018 world economic outlook database cuba is not included in the list due to lack of economic data. Colombian gdp will contract around 3% in 2020, as a result of covid19 and oil price reduction. The weak momentum reflects negative surprises in the first half of 2019, elevated domestic policy uncertainty in some large economies, heightened. List of latin american and caribbean countries by gdp ppp. Over half of the regions economiesincluding major players.
Dec 04, 2019 the statistic shows the external debt in latin america and the caribbean from 2010 to 2020 in relation to gross domestic product gdp. The primary world bank collection of development indicators, compiled from officiallyrecognized international sources. Latin america invests the least in infrastructure among developing regions public and private infrastructure investments, latest year available region percentage of gdp east asia and the pacific 7. Statistical appendix for chapter 2 of world happiness. In brazil, more robust investor confidence, together with a gradual easing of lending and labor market conditions, is expected to support an acceleration in. Growth in latin america and the caribbean lac is estimated to have reached 0. Those forecasts are broadly in line with the last survey among private economists that bloomberg conducted. Consumer sentiment plummets to an alltime low in april as covid19 bites. Go to resource latin america and the caribbean have high homicide rates. Rethinking infrastructure public disclosure authorized in.
Increasing political risk across latin america forecast. Poverty rate as percentage of the population lac south america central america and me xico 0. Guyana, a south american country neighboring venezuela, is expected to grow the most in the region in 2020. How to counter three threats to growth in latin america. As 2019 began, we thought growth in latin america would finally pick up. The statistic shows the external debt in latin america and the caribbean from 2010 to 2020 in relation to gross domestic product gdp. Colombia economy gdp, inflation, cpi and interest rate. Relative to regional gdp, remittances are 2% for a second consecutive year in 2019 against near 0% gdp growth in the americas central america and the caribbean are among the most income dependent regions on remittances 40 million households receive money in the latin america and caribbean region, of which 2.
The imf thinks this country will see growth of 86%. Three countries accounted for the majority of battlerelated deaths in 2014 data on 28 september, 2017. And almost 80 percent of latin americas gdp growth during this period came from population growth rather than productivity exhibit. Real gdp growth, euro area and member states, 20172018 versus 2019 2020 9 1. By alejandro werner espanol, portugues economic activity in latin america and the caribbean stagnated in 2019, continuing with the weak growth momentum of the previous five years and adding more urgency and new challenges to reignite growth. Chinalatin america report march 2020 chinese finne lac in 2019 5 ownership of the paranagua container terminal in brazil. Indeed, real gdp per capita in the region has declined by 0. Porter called the collapse of fannie mae, freddie mac, and general motors. Fact sheet on leaders and elections congressional research service 2 f. In 2018, the united states granted asylum to roughly percent pdf of northern triangle applicants, almost twice the 2015 acceptance rate pdf. This nations gross domestic product gdp in 2020 is forecast to be 85. Gross domestic product 2018 millions of ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican. Gdp growth 2019 2020 latin america and the caribbean. Cuba is not included in the list due to lack of economic data.
Latin americas economy now growing faster than asias forbes. The latter was due to shrinking markets in europe, china and latin america. Among developed economies, the fiscal balance to gdp ratio is projected to rise from 3. Regional growth is expected to rise to a still subdued 1. Jan 29, 2020 by alejandro werner espanol, portugues economic activity in latin america and the caribbean stagnated in 2019, continuing with the weak growth momentum of the previous five years and adding more urgency and new challenges to reignite growth. We extend the gdppercapita time series from 2018 to 2019 using countryspeci c forecasts of. Latin american economies have posted average annual gdp growth of 3 percent over the past 15 years, far slower than growth in other developing regions. Jul 29, 2019 by alejandro werner espanol economic activity in latin america and the caribbean remains sluggish.
567 664 566 338 428 1146 101 1458 916 1186 583 1365 753 684 527 226 787 782 1471 165 1225 987 1275 1171 1460 1359 1382 665 135 669 1301 1495 1038 928 47 882 809 340