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.

  • Choropleth Map
  • Bubble Map
  • Chart map
  • Select each button from upper & lower
  • Nominal
  • Change in Nominal

GDP (Nominal)

Country/Economy GDP (billions of $) Share (%) Rank
20232024ChangeS. AmericaWorld S. AmericaWorld
Argentina654.892604.260-50.63213.80.552225
Bolivia46.47349.3342.8611.130.0450995
Brazil2,173.6712,331.391157.72053.42.1318
Chile335.658333.760-1.8987.650.305445
Colombia363.616386.07622.4608.840.352340
Ecuador120.175121.5921.4172.790.111664
Guyana17.05021.1784.1280.4850.019311127
Paraguay43.87145.8171.9461.050.04181098
Peru267.585282.45814.8736.470.258550
Suriname3.7514.3370.5860.09940.0039612163
Uruguay77.24182.6055.3641.890.0754878
Venezuela97.116102.3285.2122.340.0934770
South America 4,201.099 4,365.136 164.037 3.99
  • Choropleth Map
  • Bubble Map
  • Chart map
  • Select each button from upper & lower
  • PPP
  • Change in PPP

GDP (PPP)

Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20232024ChangeS. AmericaWorld S. AmericaWorld
Argentina1,249.8841,244.646-5.23814.30.6702312.060
Bolivia126.306131.4225.1161.510.07088942.664
Brazil4,085.0334,273.668188.63549.22.30181.833
Chile596.289622.77926.4907.170.3354441.866
Colombia1,005.7051,041.70536.00012.00.5613322.698
Ecuador261.671268.1996.5283.090.1446672.206
Guyana46.54363.82217.2790.7350.0344111163.014
Paraguay117.330124.7267.3961.440.06729962.722
Peru539.545566.58227.0376.530.3055462.006
Suriname11.61612.2480.6320.1410.00660121602.824
Uruguay101.643107.9466.3031.240.058110981.307
Venezuela210.806224.52613.7202.590.1217742.194
South America 8,352.371 8,682.269 329.898 4.68 1.989