Latin America's 2025 Economic Outlook

Latin America and the Caribbean’s GDP growth hit 2.2 percent in 2024, according to the Economic Commission for Latin America and the Caribbean (ECLAC) in its preliminary overview report. While the report notes that Latin America has been in a “trap of low growth capacity” over the last decade, with an average growth rate of 1 percent annually, the growth in 2024 was slightly higher than what ECLAC originally projected for the year—1.9 percent. 

How is each country in the region faring? And what can be expected in 2025?

In 2025, GDP growth across the region is projected to be higher, at 2.4 percent. The International Monetary Fund’s World Economic Outlook reached a similar conclusion, predicting 2.5 percent growth for 2025. ECLAC projects global GDP growth for 2025 to be 3.2 percent. 

Although growth has been gradual, there is good news for the region’s economy: the IMF’s World Economic Outlook says that inflation rates across the region have “dropped significantly from their peaks” and continue to decrease. Unemployment in the region is also at historically low levels. 

AS/COA Online breaks down ECLAC’s regional GDP figures, the IMF’s inflation rates, and other economic indicators.