In 2022, Brazil and Mexico were the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP reached an estimated value of 1.9 trillion U.S. dollars, whereas Mexico's amounted to almost 1.4 trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.
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