The most and least developed Latin American countries in 2023, according to the latest report of the Economic Commission for Latin America and the Caribbean

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Panama recorded the highest growth rate in the region.

  • author, Drafting
  • Role, BBC World News

Latin American economies grew in 2023, but they are doing so less and less strongly.

At the end of the year, the region's GDP growth rate will rise by 2.1%, according to projections in the latest report of the Economic Commission for Latin America and the Caribbean (ECLAC), entitled “ Primary Balance of the Economies of Latin America and the Caribbean 2023 .”

This number represents a decrease compared to the results of 2022, but it is greater than the expected growth for 2024, which will be 1.8%.

According to the Economic Commission for Latin America and the Caribbean, The region is on a slowdown This partly reflects “low dynamism in economic growth and global trade,” which means the region receives a limited boost from the global economy.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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