GDP of South American countries 2024 (2024)

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Brazil is the largest economy in South America, followed by Argentina, Chile, Colombia, and Peru. These five together hold a huge 90% share of the South American economy. Suriname has the smallest economy in South America.

One economy of South America would have a GDP above $1 trillion, and seven would have an economy above $100 billion.There would be no change in South American nominal ranking in 2024. Brazil is the only South American economy in the top tenlargest economies globally, and five economies are within the top 50 world GDP rankings.

Out of 12 economies, the nominal GDP of 10 would increase, and two economies would decrease in 2024 compared to 2023. Brazil ($158 bn) and Colombia ($22 bn) will be the top contributors. Argentina and Chile are the two decliners.

In PPP data, the five largest economies of South America are Brazil, Argentina, Colombia, Chile, and Peru. Three economies would have a GDP above Int. $1 trillion in 2024, and ten would have an economy above Int. $100 billion. There will be no change in PPP ranking in 2024. Only one South American economy, Brazil, is in the top ten list, and five economies are within the top 50 world GDP rankings.

Out of 12 economies, the GDP (PPP) of 11 would increase, and one economy would decrease in 2024 compared to 2023.Again, Brazil (Int. $189 bn) will be the top contributor, followed by Colombia (Int. $36 bn) and Peru (Int. $27 bn). Argentina is the sole decliner.

All economies have higher GDP on a PPP basis, with Guyana having the highest PPP to nominal ratio above 3, while Uruguay has the lowest figure of 1.31.