Some US Cities Produce More Than Entire LatAm Countries

The US economy is the largest globally, dwarfing every other country. In 2020, it had a gross domestic product (GDP) of $20.9 trillion. GDP is the total worth of goods and services produced in a given year by a country. Perhaps more impressive, however, is breaking down the US GDP by city and then comparing each one to a Latin American country for perspective. What the findings reveal is nothing short of amazing.

Here are some astonishing statistics you can use that will impress your friends: New York City’s GDP is greater than the entire economy of Brazil or Mexico. Chile’s and Peru’s economic output roughly equals that of Detroit’s.

Additionally, we were surprised to discover that Venezuela’s economy in 2014 was among the highest in LatAm, even above Colombia. Since then, it has come down dramatically, and the country has stopped reporting official figures. Estimations put it at $43B in 2021, roughly the same as Honolulu. Another shocking realization for us was that freezing Anchorage has a higher GDP than El Salvador and Honduras.