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 Barbuda2.2922.4370.1450.006910.0021120172
ABWAruba4.2584.4450.1870.01260.0038517164
BHSThe Bahamas14.82515.3420.5170.04350.013315142
BRBBarbados7.2017.6470.4460.02170.0066216156
BLZBelize3.3423.4880.1460.009890.0030218167
CANCanada2,214.7962,330.308115.5126.612.0229
CRICosta Rica95.149100.6705.5210.2850.0872773
DMADominica0.7030.7480.0450.002120.0006524187
DOMDominican Republic126.238135.5459.3070.3840.117462
SLVEl Salvador35.84837.8431.9950.1070.032810104
GRDGrenada1.3931.4790.0860.004190.0012821181
GTMGuatemala112.369120.9648.5950.3430.105666
HTIHaiti26.27430.5704.2960.08670.026511112
HNDHonduras36.73538.9832.2480.1110.03389103
JAMJamaica20.58621.5861.0000.06120.018713128
MEXMexico1,848.1251,817.818-30.3075.151.57315
NICNicaragua19.41220.9561.5440.05940.018114131
PANPanama87.34791.7314.3840.2600.0794878
PRIPuerto Rico120.971122.2341.2630.3470.106565
KNASt. Kitts and Nevis1.1581.2230.0650.003470.0010623183
LCASt. Lucia2.5692.6820.1130.007600.0023219171
VCTSt. Vincent and the Grenadines1.1731.2450.0720.003530.0010822182
TTOTrinidad and Tobago28.13929.2381.0990.08290.025312115
USAUnited States29,167.77930,337.1621,169.38386.026.311
North America 33,978.682 35,276.344 1,297.662 30.54
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GDP (PPP)

Code Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeN. AmericaWorld N. AmericaWorld
ATGAntigua and Barbuda3.2613.4360.1750.009050.00168201781.410
ABWAruba5.6795.8980.2190.01550.00288181741.327
BHSThe Bahamas15.31215.8560.5440.04170.00775151551.034
BRBBarbados6.4086.7210.3130.01770.00329161690.879
BLZBelize6.1466.4140.2680.01690.00314171711.839
CANCanada2,582.2282,692.053109.8257.091.323161.155
CRICosta Rica158.645167.1868.5410.4400.08187881.661
DMADominica1.3771.4610.0840.003850.00071241861.953
DOMDominican Republic312.565334.29221.7270.8800.1634642.466
SLVEl Salvador84.22088.3234.1030.2330.043291072.334
GRDGrenada2.3482.4840.1360.006540.00121211801.680
GTMGuatemala264.033278.50814.4750.7330.1365712.302
HTIHaiti37.65438.7211.0670.1020.0189131441.267
HNDHonduras81.06085.4214.3610.2250.0418101082.191
JAMJamaica33.77535.1111.3360.09240.0172141461.627
MEXMexico3,303.0673,408.412105.3458.971.672131.875
NICNicaragua60.37463.8073.4330.1680.0312111233.045
PANPanama186.209195.2799.0700.5140.09556822.129
PRIPuerto Rico158.188159.7741.5860.4210.07818901.307
KNASt. Kitts and Nevis1.6881.7930.1050.004720.00088231831.466
LCASt. Lucia4.9525.1730.2210.01360.00253191751.929
VCTSt. Vincent and the Grenadines2.1582.2860.1280.006020.00112221811.836
TTOTrinidad and Tobago49.96752.0912.1240.1370.0255121341.782
USAUnited States29,167.77930,337.1621,169.38379.914.8121.000
North America 36,529.093 37,987.662 1,458.569 18.58 1.077