List of North American countries by GDP

Source IMF World Economic Outlook (October-2024)
Date15 Feb 2025

The United States is the largest economy in North America, followed by Canada and Mexico. Together, these three hold a huge 97.76% share of the North American economy. Dominica has the smallest economy in North America.

Three economies in North America would have a GDP above $1 trillion. Most North American countries and regions have small economies; only seven economies have a GDP above $100 billion. The 18 smallest economies only contribute 1% of the continent's total wealth. Two North American economies are on the list of the top ten largest economies globally, as they host the United States and Canada, the world's largest and 9th largest economies. Three economies are within the top 50 world GDP rankings.

Out of 24 economies, the nominal GDP of 23 would increase, and one economy would decrease in 2025 compared to 2024. With $1.17 trillion, the United States will be the top contributor, followed by Canada ($116 bn). Haiti will move ahead to Trinidad and Tobago. Mexico is the sole decliner.

In PPP data, Mexico is in the 2nd position, replacing Canada, which is 2nd in nominal data. The Dominican Republic and Guatemala complete the top five lists. Three economies would have a GDP above Int. $1 trillion in 2025, and eight would have an economy above Int. $100 billion. There will be no change in PPP ranking in 2025. Only one North American economy, the United States, is in the top ten list, and three economies are within the top 50 world GDP rankings.

None of the North American economies would see a decrease in 2025 compared to 2024. The United States (Int. $1,169 bn), Mexico (Int. $110 bn), and Canada (Int. $105 bn) would be the top gainers.

Twenty-two economies have higher GDP on a PPP basis, and one has higher on a nominal basis. Nicaragua has the highest PPP to nominal ratio of 3.05, while Barbados has the lowest figure of 0.88.

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GDP (Nominal)

Code Country/Economy GDP (billions of $) Share (%) Rank
20242025ChangeN. AmericaWorld N. AmericaWorld
ATGAntigua and Barbuda2.2082.3400.1320.006580.0020020175
ABWAruba, Kingdom of the Netherlands4.1924.3190.1270.01210.0036917166
BHSBahamas, The15.83316.3930.5600.04610.014015141
BRBBarbados7.1697.5590.3900.02130.0064516157
BLZBelize3.2043.2970.0930.009270.0028118169
CANCanada2,243.6372,283.59939.9626.421.95210
CRICosta Rica95.365102.6377.2720.2890.0876774
DMADominica0.6980.7480.0500.002100.0006424187
DOMDominican Republic124.613129.7485.1350.3650.111465
SLVEl Salvador35.36536.5871.2220.1030.031210109
GRDGrenada1.3951.4580.0630.004100.0012421181
GTMGuatemala113.190120.8507.6600.3400.103668
HTIHaiti25.28530.9085.6230.08690.026411113
HNDHonduras37.10039.4452.3450.1110.03379105
JAMJamaica21.90023.1371.2370.06510.019713127
MEXMexico1,856.3661,862.7406.3745.241.59313
NICNicaragua19.69420.6890.9950.05820.017714131
PANPanama86.52490.4083.8840.2540.0772880
PRIPuerto Rico125.842126.5460.7040.3560.108567
KNASt. Kitts and Nevis1.0791.1410.0620.003210.0009723184
LCASt. Lucia2.5742.6590.0850.007480.0022719171
VCTSt. Vincent and the Grenadines1.1621.2380.0760.003480.0010622183
TTOTrinidad and Tobago25.63426.0020.3680.07310.022212121
USAUnited States29,298.02530,615.7431,317.71886.126.111
North America 34,148.054 35,550.191 1,402.137 30.34
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GDP (PPP)

Code Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeN. AmericaWorld N. AmericaWorld
ATGAntigua and Barbuda3.1353.2910.1560.008580.00157201781.406
ABWAruba, Kingdom of the Netherlands5.1595.3930.2340.01410.00258181741.249
BHSBahamas, The16.55617.3320.7760.04520.00829151541.057
BRBBarbados6.4266.7600.3340.01760.00324161690.894
BLZBelize5.9926.2290.2370.01620.00298171731.889
CANCanada2,627.8572,722.79594.9387.101.303161.192
CRICosta Rica159.411169.1549.7430.4410.08107871.648
DMADominica1.3661.4580.0920.003800.00070241861.949
DOMDominican Republic315.185332.41517.2300.8670.1594642.562
SLVEl Salvador84.19088.3944.2040.2310.042391072.416
GRDGrenada2.3532.4900.1370.006490.00119211801.708
GTMGuatemala264.859281.69016.8310.7350.1355702.331
HTIHaiti37.65237.372-0.2800.09750.0179141461.209
HNDHonduras81.15986.2925.1330.2250.0413101082.188
JAMJamaica36.65138.3311.6800.10000.0183131441.657
MEXMexico3,322.4473,436.930114.4838.961.642131.845
NICNicaragua60.31963.6363.3170.1660.0305111233.076
PANPanama187.078199.29312.2150.5200.09546812.204
PRIPuerto Rico160.896163.4912.5950.4260.07828891.292
KNASt. Kitts and Nevis1.6861.7560.0700.004580.00084231831.539
LCASt. Lucia5.0655.3120.2470.01390.00254191751.998
VCTSt. Vincent and the Grenadines2.2092.3620.1530.006160.00113221811.908
TTOTrinidad and Tobago49.78251.5131.7310.1340.0247121351.981
USAUnited States29,298.02530,615.7431,317.71879.914.7121.000
North America 36,735.458 38,339.432 1,603.974 18.35 1.078