GDP of South America

The South American economy, comprising 12 economies, in 2021 is projected around US$3.25 trillion, accounting for 3.43% of the world GDP in nominal terms, $407 billion more than 2020, calculated by taking figures from the IMF. The GDP of South America is equivalent to India's GDP, the 6th largest economy in the world. South America ranks fourth among continents behind Asia, North America, and Europe. South America is the 2nd smallest continental economy after Oceania in ppp methods, accounting and 4.80% of global wealth.

As per the UN, South America's share of the world economy was maximum (5.99%) in 2011 and was minimum (2.76%) in 2003. In constant 2015 prices, which gives a better idea about expansion over the years, the South American economy has expanded from $913 bn in 1970 to $3.6 tn in 2019 or 3.94x.

The Highest increment in South American wealth was seen in 2010 when it has grown by $212 bn approx at constant 2015 prices, while the highest reduction of $111 bn was in 2016. The figure moved in the downward direction in ten years. At current prices, the maximum increment was in the year 2010 of $847 bn, while the biggest decline was in 2015 ($721 bn). The figure moved in the downward direction in twelve years.

Grouping of continents and subregions are as per United Nations Statistics Division.

South America by gdp (IMF)

Estimates by UN