Latin America & Caribbean (excluding high income): GDP per unit of energy use (PPP $ per kg of oil equivalent)

Key figures

What the numbers say

In 2024, Latin America & Caribbean (excluding high income)'s GDP per unit of energy use (PPP $ per kg of oil equivalent) rose 0.27 on 2023 (from 16.58 to 16.86).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.32 and a typical year strayed about 0.34 from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1.51 in 2022 and the biggest yearly fall was 0.19 in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 0.66 a year. A straight line explains 97% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to current international dollars using purchasing power parity rates based on the 2017 ICP round. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 35 values

GDP per unit of energy use (PPP $ per kg of oil equivalent) in nearby economies

• Algeria — 11.41 (2024)
• Bahrain — 7.07 (2024)
• Egypt, Arab Rep. — 21.65 (2024)
• Iran, Islamic Rep. — 5.76 (2024)
• Iraq — 9.41 (2024)
• Israel — 23.45 (2024)
• Jordan — 15.27 (2024)
• Kuwait — 5.37 (2024)
• Lebanon — 16.26 (2024)

More environment data for Latin America & Caribbean (excluding high income)

• Population in the largest city (% of urban population) — 22.25% (2025)
• Population in urban agglomerations of more than 1 million (% of total population) — 39.61% (2025)
• Rural population — 116.6 million (2025)
• Rural population (% of total population) — 18.6% (2025)
• Urban population — 510.21 million (2025)
• Urban population (% of total population) — 81.4% (2025)
• Aquaculture production (metric tons) — 3.01 million (2024)
• Capture fisheries production (metric tons)

Reading data like this

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Questions people ask

What is Latin America & Caribbean (excluding high income)'s GDP per unit of energy use (PPP $ per kg of oil equivalent)?

16.86 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 167.75% from 6.3 in 1990 (2.94% a year on average, compounded). The highest value was 16.86 in 2024 and the lowest 6.3 in 1990.

Is the latest change in GDP per unit of energy use (PPP $ per kg of oil equivalent) unusual for Latin America & Caribbean (excluding high income)?

In 2024, Latin America & Caribbean (excluding high income)'s GDP per unit of energy use (PPP $ per kg of oil equivalent) rose 0.27 on 2023 (from 16.58 to 16.86). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.32 and a typical year strayed about 0.34 from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator EG.GDP.PUSE.KO.PP, licensed CC BY 4.0. Original source: IEA Energy Statistics Data Browser, International Energy Agency (IEA), uri: https://www.iea.org/data-and-statistics/data-tools/energy-statistics-data-browser, publisher: International Energy Agency (IEA), date accessed: 2025-03-25 Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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