GERD as a percentage of GDP in UIS: Latin America and the Caribbean

UIS: Latin America and the Caribbean: GERD as a percentage of GDP was 0.6% in 2023. ▲ Rising

Latest (2023)
0.6%
Change on year
up 1.3%
Rank
38th
of 50 groups
All-time high
0.7%
in 2015
All-time low
0.5%
in 1996
Years of data
28
1996–2023

GERD as a percentage of GDP in UIS: Latin America and the Caribbean, 1996–2023

00.20.40.61996200920231996: 0.5281997: 0.531998: 0.531999: 0.5442000: 0.5332001: 0.5442002: 0.5382003: 0.5452004: 0.5322005: 0.5452006: 0.5352007: 0.5672008: 0.6042009: 0.6262010: 0.6412011: 0.6132012: 0.6062013: 0.6382014: 0.6632015: 0.6632016: 0.6092017: 0.5692018: 0.5782019: 0.5742020: 0.6142021: 0.5482022: 0.5652023: 0.573

Source: UNESCO Institute for Statistics.

Analysis

The most recent figure for gerd as a percentage of gdp in UIS: Latin America and the Caribbean is 0.6%, measured in 2023.

Compared with earlier readings it is up 1.3% on the previous year and down 10.3% over ten years.

Over the whole period, gerd as a percentage of gdp in UIS: Latin America and the Caribbean peaked at 0.7% in 2015 and was at its lowest, 0.5%, in 1996.

UIS: Latin America and the Caribbean ranks 38th of 50 groups on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 28 years of available data.

GERD as a percentage of GDP in UIS: Latin America and the Caribbean, year by year

Annual values for GERD as a percentage of GDP in UIS: Latin America and the Caribbean, 1996 to 2023.
Year Value Change
1996 0.5%
1997 0.5% +0.6%
1998 0.5% -0.0%
1999 0.5% +2.6%
2000 0.5% -2.1%
2001 0.5% +2.2%
2002 0.5% -1.2%
2003 0.5% +1.3%
2004 0.5% -2.4%
2005 0.5% +2.5%
2006 0.5% -2.0%
2007 0.6% +6.0%
2008 0.6% +6.5%
2009 0.6% +3.7%
2010 0.6% +2.4%
2011 0.6% -4.2%
2012 0.6% -1.2%
2013 0.6% +5.3%
2014 0.7% +3.8%
2015 0.7% +0.0%
2016 0.6% -8.1%
2017 0.6% -6.5%
2018 0.6% +1.5%
2019 0.6% -0.7%
2020 0.6% +7.0%
2021 0.5% -10.8%
2022 0.6% +3.2%
2023 0.6% +1.3%

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.5% 0.5% 0.5% 4
2000s 0.6% 0.5% 0.6% 10
2010s 0.6% 0.6% 0.7% 10
2020s 0.6% 0.5% 0.6% 4

Countries ranked near UIS: Latin America and the Caribbean

  1. 35 Brazil 1.2% compare
  2. 36 Hong Kong, China 1.1% compare
  3. 37 Luxembourg 1.1% compare
  4. 38 Lithuania 1.0% compare
  5. 39 Slovakia 1.0% compare
  6. 40 Egypt 1.0% compare
  7. 41 Malaysia 1.0% compare

See the full ranking of 166 places →

More science & technology data for UIS: Latin America and the Caribbean

All data for UIS: Latin America and the Caribbean →

Frequently asked questions

What is gerd as a percentage of gdp in UIS: Latin America and the Caribbean?
Gerd as a percentage of gdp in UIS: Latin America and the Caribbean was 0.6% in 2023, according to UNESCO Institute for Statistics.
What is the highest gerd as a percentage of gdp recorded in UIS: Latin America and the Caribbean?
The highest recorded value was 0.7% in 2015.
What is the lowest gerd as a percentage of gdp recorded in UIS: Latin America and the Caribbean?
The lowest recorded value was 0.5% in 1996.
How does UIS: Latin America and the Caribbean rank for gerd as a percentage of gdp?
UIS: Latin America and the Caribbean ranks 38th out of 50 groups with data for 2023.
Is gerd as a percentage of gdp rising or falling in UIS: Latin America and the Caribbean?
Over the last ten years it is down 10.3%. The long-run trend across the full record is rising.
Where does this UIS: Latin America and the Caribbean data come from?
The figures come from UNESCO Institute for Statistics, published as part of GERD as a percentage of GDP. Statizoid updates them automatically from the source API.

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GERD as a percentage of GDP in UIS: Latin America and the Caribbean. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 07 September 2026, from https://science-tech.statizoid.com/stat/gerd-as-a-percentage-of-gdp/uis-latin-america-and-the-caribbean/

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About this data

Indicator
GERD as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
166 places, 3,775 data points, 1996–2024
Last refreshed

February 2026 Data Release