COVID-19: impact on GDP Latin America 2021 | Statista

As of April 2021, Mexico's gross domestic product (GDP) was forecasted to increase by five percent during 2021. Mexico was one of the Latin American countries that faced the worst recession after the COVID-19 pandemic, as its GDP fell over eight percent in 2020. Among the biggest economies in the region, Brazil was expected to experience one of the lowest GDP growth in 2021, at around 3.7 percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Impact of the novel coronavirus (COVID-19) on gross domestic product (GDP) growth in selected countries in Latin America as of April 2021

Characteristic	Argentina	Bolivia	Brazil	Chile	Colombia	Costa Rica	Dominican Republic	Ecuador	El Salvador	Guatemala	Haiti	Honduras	Mexico	Nicaragua	Panama	Paraguay	Peru	Uruguay	Venezuela
2022	2.48%	4.2%	2.57%	3.82%	3.62%	3.3%	4.96%	1.3%	2.84%	4%	1%	3.3%	3%	2.7%	5%	4%	5.16%	3.1%	-5%
2021	5.84%	5.5%	3.66%	6.17%	5.15%	2.6%	5.48%	2.5%	4.2%	4.5%	1%	4.5%	5%	0.24%	12.05%	4%	8.5%	3%	-10%
2020	-9.96%	-7.7%	-4.06%	-5.84%	-6.85%	-4.8%	-6.73%	-7.5%	-8.58%	-1.5%	-3.7%	-8%	-8.24%	-3%	-17.95%	-0.9%	-11.12%	-5.7%	-30%
2019*	-2.09%	2.22%	1.41%	1.02%	3.28%	2.17%	5.05%	0.01%	2.38%	3.85%	-1.68%	2.65%	-0.06%	-3.88%	3.04%	-0.03%	2.23%	0.33%	-35%

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Release date

April 2021

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Region

LAC

Survey time period

April 2021

Supplementary notes

* Estimates start after this year, except for Brazil, Chile, Colombia, Mexico, and Peru, whose estimates start after 2020.

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