In 2024, Central America's advertising spending will reach an estimated 1.57 billion U.S. dollars, up 6.8 percent from less than 1.47 billion dollars a year earlier. Out of the 2024 total figure, traditional media accounted for little more than 518 million dollars – or about one-third.
Costa Rica stands out as a key player among Central America's advertising markets, with an estimated ad spending of 453 million dollars – or almost 30 percent of the region's total ad revenues in 2024. Panama and Guatemala followed with forecast ad revenues of about 351 million and 315 million dollars, respectively.
Advertising spending in Central America from 2017 to 2029, by type
(in million U.S. dollars)
Data provided by Statista Market Insights are estimates.Definition: Advertising spending refers to expenses for promotional strategies with which brands or businesses purchase advertising space to promote products or services. The primary purposes of advertising include creating awareness, generating interest, and persuading consumers to take a particular action such as purchasing a product, visiting a website, or supporting brands. Advertisers use advertising to reach their target audience while media companies and advertising agencies use it as a source of income.
Structure: The advertising spending consists of two main channels (traditional advertising and digital advertising). Traditional Advertising refers to above-the-line media that delivers commercial messages to broad audiences. This includes mass media such as traditional TV, traditional radio, printed newspapers, printed magazines, and traditional out-of-home (OOH) advertising formats. Digital Advertising uses the internet to deliver marketing messages to internet users in various forms. This includes digital video, search engine, social media, digital out-of-home, digital banner, digital audio, digital classifieds, and influencer advertising.
Additional information: The market comprises advertising spending, share by advertising channel, users, average revenue per user, advertising share by industry, ad spending by medium, and digital ad spending share (programmatic and non-programmatic). The market only displays B2B spending and users for the above-mentioned channels. Figures are based on advertising spending and exclude agency commissions, rebates, production costs, and taxes. Additional definitions for each market can be found on the respective pages. For more information on the data displayed, use the info button right next to the boxes.
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Statista. (June 25, 2024). Advertising spending in Central America from 2017 to 2029, by type (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1475556/advertising-spending-central-america-type
Statista. "Advertising spending in Central America from 2017 to 2029, by type (in million U.S. dollars)." Chart. June 25, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1475556/advertising-spending-central-america-type
Statista. (2024). Advertising spending in Central America from 2017 to 2029, by type (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1475556/advertising-spending-central-america-type
Statista. "Advertising Spending in Central America from 2017 to 2029, by Type (in Million U.S. Dollars)." Statista, Statista Inc., 25 Jun 2024, https://www.statista.com/forecasts/1475556/advertising-spending-central-america-type
Statista, Advertising spending in Central America from 2017 to 2029, by type (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1475556/advertising-spending-central-america-type (last visited November 21, 2024)
Advertising spending in Central America from 2017 to 2029, by type (in million U.S. dollars) [Graph], Statista, June 25, 2024. [Online]. Available: https://www.statista.com/forecasts/1475556/advertising-spending-central-america-type