Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Latin America and the Caribbean

Latin America and the Caribbean: Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition was -0.3143 Percentage of GDP in 2029. β—† Volatile

Latest (2029)
-0.3143 Percentage of GDP
Change on year
up 1.0%
Rank
40th
of 46 groups
All-time high
1.84 Percentage of GDP
in 2008
All-time low
-0.7725 Percentage of GDP
in 2023
Years of data
30
2000–2029

Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Latin America and the Caribbean, 2000–2029

-10122000201420292000: 1.1 Percentage of GDP2001: 0.97 Percentage of GDP2002: 0.405 Percentage of GDP2003: 0.563 Percentage of GDP2004: 1 Percentage of GDP2005: 0.684 Percentage of GDP2006: 0.993 Percentage of GDP2007: 1.5 Percentage of GDP2008: 1.8 Percentage of GDP2009: 0.08 Percentage of GDP2010: 1.2 Percentage of GDP2011: 1.4 Percentage of GDP2012: 1 Percentage of GDP2013: 1.1 Percentage of GDP2014: 0.807 Percentage of GDP2015: 0.37 Percentage of GDP2016: 0.379 Percentage of GDP2017: 0.469 Percentage of GDP2018: 0.374 Percentage of GDP2019: 0.204 Percentage of GDP2020: -0.014 Percentage of GDP2021: 0.702 Percentage of GDP2022: 0.28 Percentage of GDP2023: -0.772 Percentage of GDP2024: -0.47 Percentage of GDP2025: -0.335 Percentage of GDP2026: -0.325 Percentage of GDP2027: -0.322 Percentage of GDP2028: -0.317 Percentage of GDP2029: -0.314 Percentage of GDP

Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.

Analysis

In 2029, africa's development dynamics (afdd) table 15 - growth decomposition in Latin America and the Caribbean stood at -0.3143 Percentage of GDP.

That represents a change of up 1.0% on the previous year and down 253.7% over ten years.

Over the whole period, africa's development dynamics (afdd) table 15 - growth decomposition in Latin America and the Caribbean peaked at 1.84 Percentage of GDP in 2008 and was at its lowest, -0.7725 Percentage of GDP, in 2023.

That places Latin America and the Caribbean 40th out of 46 groups with data for 2029, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.9152 Percentage of GDP 0.0802 Percentage of GDP 1.84 Percentage of GDP 10
2010s 0.7385 Percentage of GDP 0.2044 Percentage of GDP 1.44 Percentage of GDP 10
2020s -0.1887 Percentage of GDP -0.7725 Percentage of GDP 0.702 Percentage of GDP 10

More reference data data for Latin America and the Caribbean

All data for Latin America and the Caribbean β†’

Frequently asked questions

What is africa's development dynamics (afdd) table 15 - growth decomposition in Latin America and the Caribbean?
Africa's development dynamics (afdd) table 15 - growth decomposition in Latin America and the Caribbean was -0.3143 Percentage of GDP in 2029, according to Organisation for Economic Co-operation and Development.
What is the highest africa's development dynamics (afdd) table 15 - growth decomposition recorded in Latin America and the Caribbean?
The highest recorded value was 1.84 Percentage of GDP in 2008.
What is the lowest africa's development dynamics (afdd) table 15 - growth decomposition recorded in Latin America and the Caribbean?
The lowest recorded value was -0.7725 Percentage of GDP in 2023.
How does Latin America and the Caribbean rank for africa's development dynamics (afdd) table 15 - growth decomposition?
Latin America and the Caribbean ranks 40th out of 46 groups with data for 2029.
Is africa's development dynamics (afdd) table 15 - growth decomposition rising or falling in Latin America and the Caribbean?
Over the last ten years it is down 253.7%. The long-run trend across the full record is volatile.
Where does this Latin America and the Caribbean data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition by expenditure β€” Changes in inventories. Statizoid updates them automatically from the source API.

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Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition in Latin America and the Caribbean. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/africa-s-development-dynamics-afdd-table-15-growth-decomposition-by-expenditure-changes/latin-america-and-the-caribbean/

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About this data

Indicator
Africa's Development Dynamics (AfDD) Table 15 - Growth decomposition by expenditure β€” Changes in inventories
Unit
Percentage of GDP
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
53 places, 1,590 data points, 2000–2029
Last refreshed

The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 15 shows growth decomposition by expenditure, including gross fixed capital formation, changes in inventories, foreign balances, and trade balance.