GDP of North America

Source International Monetary Fund World Economic Outlook (April-2021)
UN
Date03 Sep 2021

The North American economy, comprising 24 economies, in 2021 is projected around US$26.3 trillion in nominal terms, $2.1 trillion more than 2020, calculated by taking figures from the IMF. North America is the 2nd largest continental economy, accounting for 28% of the world GDP in nominal terms. Moreover, North America is the 3rd largest continental economy after Asia and Europe in ppp methods, accounting for almost 20% of global wealth.

The Northern American region has the highest economy ($24.6 tn) on the continent. 93.42% of the North American gdp distributed in Northern America, 5.56% in Central America, and 1.02% in the Caribbean.

As per the UN, North America's share of the world economy was maximum (37.08%) in 1985 and was minimum (25.79%) in 2011. In constant 2015 prices, which gives a better idea about expansion over the years, the North American economy has expanded from $6.05 tn in 1970 to $23.6 tn in 2019 or 3.89x.

The Highest increment in North American wealth was seen in 1999 when it has grown by $692 bn approx at constant 2015 prices, while the highest reduction of $514 bn was in 2009. The figure moved in the downward direction in three years. At current prices, the maximum increment was in 2018 of $1,223 bn, while the biggest decline was in 2009 ($659 bn), the only year the figure moved downward.

Grouping of continents and subregions are as per United Nations Statistics Division.

  • GDP
  • Share (%)

North American subregions by gdp (IMF)

Subregion GDP (Nominal) (billions of $) Share (%) GDP (PPP) (billions of Int. $) Share (%)
20202021Net changeNorth AmericaWorld 20202021Net changeNorth AmericaWorld
Northern America22,576.16024,558.7601,982.60093.4226.1622,782.82024,654.0901,871.27087.2117.37
Central America1,329.7181,460.858131.1405.561.562,959.3033,166.463207.16011.202.23
Caribbean248.694269.06520.3711.020.29427.053450.47523.4221.590.32
North America 24,154.572 26,288.683 2,134.111 28.01 26,169.176 28,271.028 2,101.852 19.91

North American subregions by gdp (UN)

Subregion GDP (billions of $) Share (%) in North America Share (%) in World
197020002019 197020002019197020002019
Northern America1,162.8711,001.7723,185.1194.4092.1492.3634.0132.7126.51
Central America51.64776.491,528.234.196.506.091.512.311.75
Caribbean17.29161.79388.981.401.361.550.510.480.44
North America 1,232 11,940 25,102 36.03 35.50 28.71

Estimates by UN

Year GDP (billions of $) Share (%)
CurrentConstant (2015)
19701,231.8006,054.31036.03
19711,342.5706,263.27035.68
19721,482.2606,604.11034.23
19731,664.9506,991.01031.60
19741,841.4907,000.40030.85
19752,020.4007,019.77030.27
19762,248.7707,395.92031.18
19772,460.1707,730.02030.30
19782,770.5508,157.59028.81
19793,118.9008,445.37028.17
19803,455.9108,484.83027.93
19813,907.3408,741.52030.95
19823,964.0808,585.49031.63
19834,256.7308,908.68033.12
19844,714.7709,517.74035.67
19855,032.2509,903.29037.08
19865,222.07010,193.78033.37
19875,569.15010,541.01031.46
19886,071.33010,963.70030.66
19896,588.87011,356.71031.82
19906,990.75011,572.73030.38
19917,261.59011,569.42030.07
19927,667.18011,951.08029.69
19938,084.37012,280.92030.74
19948,556.47012,782.90030.49
19958,782.06013,065.66028.20
19969,295.15013,558.01029.22
19979,926.79014,177.51031.35
199810,433.17014,813.20033.15
199911,130.44015,505.03034.05
200011,940.05016,162.54035.50
200112,327.85016,329.98036.84
200212,729.55016,616.18036.58
200313,350.13017,064.19034.19
200414,309.93017,704.10032.56
200515,411.10018,312.34032.36
200616,465.68018,859.08031.90
200717,367.55019,232.65029.85
200817,805.55019,247.46027.90
200917,146.22018,733.27028.32
201018,118.67019,245.03027.34
201119,006.29019,593.31025.79
201219,742.15020,043.96026.23
201320,443.71020,418.38026.41
201421,205.12020,941.20026.73
201521,550.57021,550.57028.74
201621,956.68021,924.75028.82
201722,981.62022,442.82028.35
201824,204.57023,088.29028.11
201925,102.32023,552.13028.71