Latin America: GDP growth forecast by country 2024 | Statista

Haiti is expected to experience the worst economic recession in Latin America and the Caribbean in 2024. Haiti's gross domestic product (GDP) in 2024 is forecast to be 3 percent lower than the value registered in 2023, based on constant prices. Aside from Argentina, Haiti, and Puerto Rico, most economies in the region were likely to experience economic growth in 2024, most notably, Guyana.

Gross domestic product (GDP) real growth rate in Latin America and the Caribbean in 2024, by country

Characteristic	Growth rate
Guyana	33.9%
Antigua and Barbuda	6.1%
Dominican Republic	5.4%
St. Vincent and the Grenadines	5.3%
St. Kitts and Nevis	4.7%
Dominica	4.6%
Grenada	4.1%
Costa Rica	4%
Venezuela	4%
Paraguay	3.8%
Barbados	3.7%
Uruguay	3.7%
Honduras	3.6%
Guatemala	3.5%
Nicaragua	3.5%
Belize	3.4%
El Salvador	3%
Suriname	3%
Panama	2.5%
Peru	2.5%
Mexico	2.4%
St. Lucia	2.4%
Trinidad and Tobago	2.4%
Bahamas	2.3%
Brazil	2.2%
Chile	2%
Regional average	2%
Jamaica	1.8%
Bolivia	1.6%
Aruba	1.1%
Colombia	1.1%
Ecuador	0.1%
Puerto Rico	-0.2%
Argentina	-2.8%
Haiti	-3%

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Release date

October 2024

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Region

LAC

Survey time period

October 2024

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.

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