List of South American countries by GDP

Source International Monetary Fund World Economic Outlook (April-2021)
Date07 Oct 2021

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. In 2021, Chile will overtake Colombia to become the 3rd largest economy in South America, and Bolivia will overtake Venezuela. However, none of the South American economies are in the list of top ten largest economies globally, and four economies are within the top 50 world gdp ranking.

Of 12 economies, gdp (nominal) of 10 would increase, and two economies would decrease in 2021 compared to 2020. Brazil ($58 bn) and Chile ($55 bn) will be the top contributors, accounting for 58% of the increase in the South American economy. Argentina ($30 bn), Colombia ($24 bn), and Peru ($22 bn) are other top contributors. Venezuela and Uruguay are the two decliners.

In ppp data, the five largest economies of South America are Brazil, Argentina, Colombia, Chile, and Peru. Two economies would have gdp above Int. $1 trillion in 2021 and eight would have an economy of above Int. $100 billion. There would be only no change in ppp ranking. Only one South American economy, Brazil, is in the top ten list, and five economies are within the top 50 world gdp ranking.

Out of 12 economies, gdp (ppp) of 11 would increase, and one economy would decrease in 2021 compared to 2020. Again, Brazil (Int. $175 bn) will be the top contributor, accounting for 44% of the increase in the South American economy. Argentina (Int. $73 bn) and Colombia (Int. $51 bn) are other top gainers. Venezuela is the only decliner.

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GDP (Nominal)

Country/Economy GDP (billions of $) Share (%) Rank
20202021ChangeS. AmericaWorld S. AmericaWorld
Venezuela 0.0000.0000.0001.990.0473990
Argentina389.064455.17266.10813.80.479231
Bolivia36.83938.5471.7081.420.0406895
Brazil1,444.7201,645.840201.12049.31.73112
Chile252.821331.25078.42910.20.349343
Colombia271.554300.79129.2379.760.317444
Ecuador98.808104.4835.6753.320.110664
Guyana5.4717.3951.9240.2400.0077911152
Paraguay35.67036.9731.3031.250.03891097
Peru205.458225.85820.4007.460.238551
Suriname2.8842.817-0.0670.08140.0029712166
Uruguay56.57760.1083.5311.830.0633785
South America 2,847.121 3,254.127 407.006 3.43
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GDP (PPP)

Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20202021ChangeS. AmericaWorld S. AmericaWorld
Venezuela 0.0000.0000.0001.990.0985780nan
Argentina942.2321,049.400107.16815.10.7262282.422
Bolivia96.592105.0268.4341.570.07268922.622
Brazil3,153.1503,437.610284.46049.72.38182.183
Chile454.602522.79068.1887.330.3614451.798
Colombia729.060812.79983.73911.60.5623332.685
Ecuador192.219204.71312.4943.000.1426681.945
Guyana15.49819.3333.8350.2740.0134111512.833
Paraguay93.209100.9137.7041.480.06989932.613
Peru397.928453.65255.7246.550.3145481.937
Suriname9.81710.2400.4230.1340.00708121593.404
Uruguay79.17384.5685.3951.240.058510971.399
South America 6,308.178 6,943.460 635.282 4.8 2.134