Latin America in the Intelligent Age: A New Path for Growth (McKinsey & Company)
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$1.1 trillion to $1.7 trillion per year
Additional annual economic value from AI in Latin America p.5
Summary
- Advancing AI adoption may increase productivity by 1.9% to 2.3% per year and create an estimated $1.1 trillion to $1.7 trillion in additional annual economic value.p.5
- Latin America's productivity averaged a 0.3% annual contraction over 2015 to 2024 and only 0.4% annual growth over 2000 to 2024.p.8
- By 2053, over 25% of the region's population will be aged 60 or older.p.9
- Globally, AI could contribute between $17 trillion and $26 trillion annually, and Latin America accounts for roughly 6% of that potential.p.9
- As of 2024, 88% of Brazil's electricity comes from renewable sources.p.11
- AWS plans to invest $4 billion in a new Chilean cloud infrastructure region, and OpenAI announced $25 billion of investments in Argentina.p.13
- The report outlines 10 strategic actions in a roadmap to enhance AI competitiveness.p.3
Key insights
- Generative AI alone may deliver up to $7.9 trillion in annual economic benefits globally.p.9
- Organizations generating no impact from AI are more than three times as likely to have low data maturity.p.12
- Stargate Argentina, announced in October 2025, is OpenAI's first partnership in Latin America.p.12
- Economic growth in Latin America has been driven mainly by workforce expansion rather than productivity gains.p.5
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