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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
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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 Barbuda2.2922.4370.1450.006910.0021120172
Aruba4.2584.4450.1870.01260.0038517164
The Bahamas14.82515.3420.5170.04350.013315142
Barbados7.2017.6470.4460.02170.0066216156
Belize3.3423.4880.1460.009890.0030218167
Canada2,214.7962,330.308115.5126.612.0229
Costa Rica95.149100.6705.5210.2850.0872773
Dominica0.7030.7480.0450.002120.0006524187
Dominican Republic126.238135.5459.3070.3840.117462
El Salvador35.84837.8431.9950.1070.032810104
Grenada1.3931.4790.0860.004190.0012821181
Guatemala112.369120.9648.5950.3430.105666
Haiti26.27430.5704.2960.08670.026511112
Honduras36.73538.9832.2480.1110.03389103
Jamaica20.58621.5861.0000.06120.018713128
Mexico1,848.1251,817.818-30.3075.151.57315
Nicaragua19.41220.9561.5440.05940.018114131
Panama87.34791.7314.3840.2600.0794878
Puerto Rico120.971122.2341.2630.3470.106565
St. Kitts and Nevis1.1581.2230.0650.003470.0010623183
St. Lucia2.5692.6820.1130.007600.0023219171
St. Vincent and the Grenadines1.1731.2450.0720.003530.0010822182
Trinidad and Tobago28.13929.2381.0990.08290.025312115
United 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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  • PPP
  • Change in PPP
GDP (PPP)
Country/Economy GDP (billions of Int. $) Share (%) Rank PPP/Nom
20242025ChangeN. AmericaWorld N. AmericaWorld
Antigua and Barbuda3.2613.4360.1750.009050.00168201781.410
Aruba5.6795.8980.2190.01550.00288181741.327
The Bahamas15.31215.8560.5440.04170.00775151551.034
Barbados6.4086.7210.3130.01770.00329161690.879
Belize6.1466.4140.2680.01690.00314171711.839
Canada2,582.2282,692.053109.8257.091.323161.155
Costa Rica158.645167.1868.5410.4400.08187881.661
Dominica1.3771.4610.0840.003850.00071241861.953
Dominican Republic312.565334.29221.7270.8800.1634642.466
El Salvador84.22088.3234.1030.2330.043291072.334
Grenada2.3482.4840.1360.006540.00121211801.680
Guatemala264.033278.50814.4750.7330.1365712.302
Haiti37.65438.7211.0670.1020.0189131441.267
Honduras81.06085.4214.3610.2250.0418101082.191
Jamaica33.77535.1111.3360.09240.0172141461.627
Mexico3,303.0673,408.412105.3458.971.672131.875
Nicaragua60.37463.8073.4330.1680.0312111233.045
Panama186.209195.2799.0700.5140.09556822.129
Puerto Rico158.188159.7741.5860.4210.07818901.307
St. Kitts and Nevis1.6881.7930.1050.004720.00088231831.466
St. Lucia4.9525.1730.2210.01360.00253191751.929
St. Vincent and the Grenadines2.1582.2860.1280.006020.00112221811.836
Trinidad and Tobago49.96752.0912.1240.1370.0255121341.782
United 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
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