GDP (Constant Prices)

GDP (Constant Prices) measures the total value of all final goods and services produced within a country's borders during a given period, valued at the prices of a fixed base year so that growth reflects real volume rather than inflation. The base year varies across countries. This Latin Macro Watch indicator from the Inter-American Development Bank (IDB) gives economists, researchers and policymakers a comparable view of real economic activity across Latin America and the Caribbean.

Coverage

The indicator covers 26 countries in Latin America and the Caribbean at annual and quarterly frequency, spanning 1990–2026. Values are available as an index (2023 = 100), in millions of domestic currency and seasonally adjusted, with quarter-over-quarter and year-over-year percentage-change transformations (QoQ %, YoY %). Quarterly values are reported as four-quarter trailing sums (annualized levels), with annual values consistent with published calendar-year aggregates.

Sources

Data are compiled from national statistical institutes and agencies, including INEGI - Mexico, INDEC - Argentina, the Departamento Administrativo Nacional de Estadística (DANE) - Colombia, the Instituto Nacional de Estadísticas (INE) de Chile and the Instituto de Pesquisa Econômica Aplicada, then standardized by the IDB for cross-country comparison within the Latin Macro Watch database.

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Format	CSV
Language	en
Country	Argentina Bahamas Trinidad & Tobago Belize Costa Rica Dominican Republic Ecuador Bolivia Brazil Chile Colombia El Salvador Jamaica Mexico Nicaragua Guatemala Guyana Haiti Honduras Panama Uruguay Venezuela Barbados Paraguay Peru Suriname
Data notes	What does GDP (Constant Prices) measure? It measures the total value of all final goods and services produced within a country's borders during a given period, valued at the prices of a fixed base year so growth reflects real volume rather than inflation. The base year varies across countries. How is GDP at constant prices different from GDP at current prices? GDP at constant prices values output using a fixed base year, isolating real growth in volume, while GDP at current prices uses the prices of each period and therefore includes the effect of inflation. How many countries and which frequencies and period are covered? The indicator covers 26 countries in Latin America and the Caribbean at annual and quarterly frequency, spanning 1990 to 2026. What units and transformations are available? Values are available as an index (2023 = 100), in millions of domestic currency and seasonally adjusted, with quarter-over-quarter and year-over-year percentage changes (QoQ %, YoY %). Where does the data come from? Data are sourced from national statistical institutes such as INEGI - Mexico, INDEC - Argentina, the Departamento Administrativo Nacional de Estadística (DANE) - Colombia and the Instituto Nacional de Estadísticas (INE) de Chile, then standardized by the IDB. How do I cite this indicator? Cite it as: Inter-American Development Bank (IDB), Latin Macro Watch — "GDP (Constant Prices)". data.iadb.org/dataset/latin-macro-watch-dataset.