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List of North American countries by GDP

Source IMF World Economic Outlook (October-2024)
Date15 Feb 2025
Top Statistics
IPL 2025
List of continents by gdp per capita
Top 10 largest economies by GDP
  • See Also:
  • » North American countries by GDP per capita
  • » North American countries by Population
  • » Asian countries by GDP
  • » African countries by GDP
  • » European countries by GDP
  • » South American countries by GDP
  • » Oceanian countries by GDP
  • View More Economy Statistics

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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  • Nominal
  • Change in Nominal
GDP (Nominal)
Country/Economy GDP (billions of $) Share (%) Rank
20242025ChangeN. AmericaWorld N. AmericaWorld
Antigua and Barbuda2.2252.3730.1480.006740.0020920173
Aruba3.9524.1000.1480.01160.0036017163
The Bahamas14.76115.1780.4170.04310.013315143
Barbados7.1677.5520.3850.02140.0066416155
Belize3.4273.6110.1840.01030.0031718166
Canada2,241.2532,225.341-15.9126.321.9629
Costa Rica95.365102.5917.2260.2910.0902774
Dominica0.6970.7420.0450.002110.0006524186
Dominican Republic124.613127.8283.2150.3630.112464
El Salvador35.33736.7491.4120.1040.032310106
Grenada1.3921.4640.0720.004160.0012921180
Guatemala112.575121.1778.6020.3440.106667
Haiti26.22933.5487.3190.09530.029511110
Honduras36.96538.1721.2070.1080.03359104
Jamaica20.06921.4111.3420.06080.018813128
Mexico1,852.7231,692.640-160.0834.811.49315
Nicaragua19.71021.1551.4450.06010.018614129
Panama87.68891.6753.9870.2600.0806879
Puerto Rico120.978122.5221.5440.3480.108566
St. Kitts and Nevis1.1171.1290.0120.003210.0009923184
St. Lucia2.5232.6320.1090.007480.0023119171
St. Vincent and the Grenadines1.1621.2420.0800.003530.0010922182
Trinidad and Tobago25.52426.4670.9430.07520.023312119
United States29,184.90030,507.2171,322.31786.626.811
North America 34,022.352 35,208.516 1,186.164 30.94
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  • PPP
  • Change in PPP
GDP (PPP)
Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeN. AmericaWorld N. AmericaWorld
Antigua and Barbuda3.1513.3330.1820.008730.00161201771.405
Aruba5.2655.5240.2590.01450.00267181731.347
The Bahamas15.33216.0220.6900.04190.00774151551.056
Barbados6.4166.7840.3680.01780.00328161680.898
Belize6.2976.6720.3750.01750.00323171691.848
Canada2,623.3622,730.110106.7487.151.323161.227
Costa Rica159.180169.0349.8540.4430.08177881.648
Dominica1.3771.4730.0960.003860.00071241851.985
Dominican Republic314.729336.08221.3530.8800.1624642.629
El Salvador83.91788.2824.3650.2310.042791072.402
Grenada2.3622.5200.1580.006600.00122211791.721
Guatemala264.663282.83318.1700.7400.1375712.334
Haiti37.58638.1980.6120.1000.0185131441.139
Honduras81.08385.9844.9010.2250.0416101082.253
Jamaica33.08434.6761.5920.09080.0168141461.620
Mexico3,316.6803,395.91679.2368.891.642132.006
Nicaragua60.23163.8103.5790.1670.0308111223.016
Panama187.472200.15012.6780.5240.09676812.183
Puerto Rico158.233161.1372.9040.4220.07798901.315
St. Kitts and Nevis1.6731.7520.0790.004590.00085231821.552
St. Lucia4.9505.2360.2860.01370.00253191741.989
St. Vincent and the Grenadines2.2042.3690.1650.006200.00115221801.907
Trinidad and Tobago49.18151.6822.5010.1350.0250121351.953
United States29,184.90030,507.2171,322.31779.914.7121.000
North America 36,603.328 38,196.796 1,593.468 18.46 1.085
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