GDP of North America

Source International Monetary Fund World Economic Outlook (October-2024)
UN
Date24 Feb 2025

The North American economy, comprising 24 economies, in 2025 is projected to be around $35.28 trillion in nominal terms, $1.3 trillion more than in 2024, calculated by taking figures from the IMF. North America is the 2nd largest continental economy, accounting for 30.5% of the world's GDP in nominal terms. Moreover, North America is the 3rd largest continental economy after Asia and Europe in PPP methods, accounting for almost 18.58% of global wealth.

The Northern American region has the highest economy ($32.7 trillion) on the continent. 92.6% of the North American GDP is distributed in Northern America, 6.33% in Central America, and 1.07% in the Caribbean.

As per the UN, North America's share of the world economy was a maximum (37.05%) in 1985 and a minimum (25.73%) in 2011. In constant 2015 prices, which gives a better idea about expansion over the years, the North American economy has expanded from $6.07 trillion in 1970 to $25.86 trillion in 2023, or 4.26x.

The highest increment in North American wealth was seen in 1999 when it grew by $697 billion at constant 2015 prices, while the highest reduction of $534 billion was in 2009. The figure moved downward in three years. At current prices, the maximum increment was in 2018 of $1,203 billion, while the biggest decline was in 2009 ($693 billion), the only year the figure moved downward.

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

  • GDP
  • Share (%)

North American subregions by gdp (IMF)

Subregion GDP (Nominal) (billions of $) Share (%) GDP (PPP) (billions of Int. $) Share (%)
20242025Net changeNorth AmericaWorld 20242025Net changeNorth AmericaWorld
Northern America31,426.15332,732.5581,306.40592.9728.7631,808.26233,237.3271,429.06587.0216.07
Central America2,243.7902,107.770-136.0205.991.854,159.5234,292.681133.15811.242.07
Caribbean352.409368.18815.7791.050.32635.543666.78831.2451.750.32
North America 34,022.352 35,208.516 1,186.164 30.94 36,603.328 38,196.796 1,593.468 18.46

North American subregions by gdp (UN)

Subregion GDP (billions of $) Share (%) in North America Share (%) in World
197020002023 197020002023197020002023
Northern America1,162.8511,000.2329,874.3594.1891.8591.6831.5832.4928.20
Central America54.49810.932,157.454.416.776.621.482.392.04
Caribbean17.33165.18554.861.401.381.700.470.490.52
North America 1,235 11,976 32,587 33.54 35.37 30.76

Estimates by UN

Year GDP (billions of $) Share (%)
CurrentConstant (2015)
19701,234.6716,067.08633.54
19711,345.6196,276.82833.19
19721,485.6476,618.95531.93
19731,669.1497,006.75429.54
19741,846.9207,018.11028.86
19752,027.0157,039.46928.41
19762,255.8197,416.35629.20
19772,467.2057,751.73528.39
19782,779.0438,181.65628.79
19793,129.6618,472.04928.17
19803,470.1068,514.41327.99
19813,924.8208,773.74930.97
19823,977.0728,617.70731.62
19834,268.4938,938.39333.10
19844,728.4839,548.07535.65
19855,047.0919,934.28737.05
19865,231.25110,222.66533.31
19875,579.04610,569.84831.40
19886,083.46210,992.78530.60
19896,603.64811,387.53231.77
19907,006.44111,606.18230.33
19917,280.46711,604.90530.01
19927,689.00511,988.12429.61
19938,114.93812,317.59730.67
19948,584.07712,817.48530.41
19958,804.64813,099.93528.13
19969,319.41413,591.87029.14
19979,952.46714,216.82931.27
199810,467.75314,863.45333.09
199911,165.61415,560.85333.96
200011,976.34216,215.13835.37
200112,371.07416,376.68736.74
200212,765.10216,654.79636.45
200313,388.53817,091.53834.08
200414,354.16717,736.20532.45
200515,458.53018,338.56332.25
200616,515.78718,879.43431.80
200717,444.86119,271.81929.78
200817,920.70019,326.84827.87
200917,227.91418,792.71028.24
201018,232.27619,327.35927.29
201119,121.55219,678.54325.73
201219,862.56920,137.62526.19
201320,603.08420,555.59026.40
201421,350.35921,079.84926.68
201521,662.68421,662.68428.64
201622,062.26322,045.13728.69
201723,096.97522,586.18628.23
201824,300.42023,233.24027.99
201925,270.85923,781.17028.71
202024,777.64123,100.91728.88
202127,733.15324,492.72428.32
202230,452.57325,158.82729.96
202332,586.67125,859.53130.76