List of South American countries by GDP

Source International Monetary Fund World Economic Outlook (October-2023)
Date11 Feb 2024

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 is the smallest economy in South America.

One economy of South America would have gdp above $1 trillion, and six would have an economy of above $100 billion. There would be no change in South American nominal ranking in 2023. Brazil is the only South American economy in the list of top ten largest economies globally, and five economies are within the top 50 world gdp ranking.

Out Of 12 economies, gdp (nominal) of 11 would increase, and one economies would decrease in 2023 compared to 2022. Brazil ($207 bn) and Chile ($44 bn) will be the top contributors. Argentina is the sole decliner.

In ppp data, the five largest economies of South America are Brazil, Argentina, Colombia, Chile, and Peru. Three economies would have gdp above Int. $1 trillion in 2023 and ten would have an economy of above Int. $100 billion. There would be no change in ppp ranking in 2023. Only one South American economy, Brazil, is in the top ten list, and five economies are within the top 50 world gdp ranking.

None of the South American economies would see a decrease in 2023 compared to 2022..Again, Brazil (Int. $264 bn) will be the top contributor, accounting for 61% of the increase in the South American economy. Colombia (Int. $50 bn) and Peru (Int. $25 bn) are other top gainers.

All economies have higher GDP on a PPP basis with Suriname having highest ppp to nominal ratio above 3, while Uruguay have lowest figure of 1.39.

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GDP (Nominal)

Country/Economy GDP (billions of $) Share (%) Rank
20222023ChangeS. AmericaWorld S. AmericaWorld
Argentina630.606621.833-8.77315.10.595224
Bolivia44.31546.7962.4811.140.0448994
Brazil1,920.0232,126.809206.78651.62.0419
Chile300.729344.40043.6718.360.330445
Colombia343.622363.83520.2138.830.348343
Ecuador115.049118.6863.6372.880.114664
Guyana14.52916.3291.8000.3960.015611133
Paraguay41.72244.1422.4201.070.04221097
Peru244.594264.63620.0426.420.253550
Suriname3.5103.5390.0290.08590.0033912164
Uruguay71.17776.2445.0671.850.0730883
Venezuela92.10492.2100.1062.240.0883771
South America 3,821.980 4,119.459 297.479 3.94
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GDP (PPP)

Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20222023ChangeS. AmericaWorld S. AmericaWorld
Argentina1,226.2041,239.51513.31114.80.7092301.993
Bolivia118.840125.4286.5881.500.07178942.680
Brazil3,837.2154,101.022263.80749.02.35181.928
Chile579.409597.52018.1117.140.3424441.735
Colombia966.1521,016.12449.97212.10.5813322.793
Ecuador230.808242.57911.7712.900.1396682.044
Guyana33.80348.51414.7110.5800.0277111272.971
Paraguay108.337117.3499.0121.400.06719952.658
Peru523.100548.46525.3656.560.3145462.073
Suriname10.79811.4350.6370.1370.00654121603.231
Uruguay98.719103.3724.6531.240.059110971.356
Venezuela196.547211.92615.3792.530.1217742.298
South America 7,929.932 8,363.249 433.317 4.78 2.030