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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 Barbuda2.2082.3400.1320.006580.0020020175
Aruba, Kingdom of the Netherlands4.1924.3190.1270.01210.0036917166
Bahamas, The15.83316.3930.5600.04610.014015141
Barbados7.1697.5590.3900.02130.0064516157
Belize3.2043.2970.0930.009270.0028118169
Canada2,243.6372,283.59939.9626.421.95210
Costa Rica95.365102.6377.2720.2890.0876774
Dominica0.6980.7480.0500.002100.0006424187
Dominican Republic124.613129.7485.1350.3650.111465
El Salvador35.36536.5871.2220.1030.031210109
Grenada1.3951.4580.0630.004100.0012421181
Guatemala113.190120.8507.6600.3400.103668
Haiti25.28530.9085.6230.08690.026411113
Honduras37.10039.4452.3450.1110.03379105
Jamaica21.90023.1371.2370.06510.019713127
Mexico1,856.3661,862.7406.3745.241.59313
Nicaragua19.69420.6890.9950.05820.017714131
Panama86.52490.4083.8840.2540.0772880
Puerto Rico125.842126.5460.7040.3560.108567
St. Kitts and Nevis1.0791.1410.0620.003210.0009723184
St. Lucia2.5742.6590.0850.007480.0022719171
St. Vincent and the Grenadines1.1621.2380.0760.003480.0010622183
Trinidad and Tobago25.63426.0020.3680.07310.022212121
United States29,298.02530,615.7431,317.71886.126.111
North America 34,148.054 35,550.191 1,402.137 30.34
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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 Barbuda3.1353.2910.1560.008580.00157201781.406
Aruba, Kingdom of the Netherlands5.1595.3930.2340.01410.00258181741.249
Bahamas, The16.55617.3320.7760.04520.00829151541.057
Barbados6.4266.7600.3340.01760.00324161690.894
Belize5.9926.2290.2370.01620.00298171731.889
Canada2,627.8572,722.79594.9387.101.303161.192
Costa Rica159.411169.1549.7430.4410.08107871.648
Dominica1.3661.4580.0920.003800.00070241861.949
Dominican Republic315.185332.41517.2300.8670.1594642.562
El Salvador84.19088.3944.2040.2310.042391072.416
Grenada2.3532.4900.1370.006490.00119211801.708
Guatemala264.859281.69016.8310.7350.1355702.331
Haiti37.65237.372-0.2800.09750.0179141461.209
Honduras81.15986.2925.1330.2250.0413101082.188
Jamaica36.65138.3311.6800.10000.0183131441.657
Mexico3,322.4473,436.930114.4838.961.642131.845
Nicaragua60.31963.6363.3170.1660.0305111233.076
Panama187.078199.29312.2150.5200.09546812.204
Puerto Rico160.896163.4912.5950.4260.07828891.292
St. Kitts and Nevis1.6861.7560.0700.004580.00084231831.539
St. Lucia5.0655.3120.2470.01390.00254191751.998
St. Vincent and the Grenadines2.2092.3620.1530.006160.00113221811.908
Trinidad and Tobago49.78251.5131.7310.1340.0247121351.981
United States29,298.02530,615.7431,317.71879.914.7121.000
North America 36,735.458 38,339.432 1,603.974 18.35 1.078
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