List of North American countries by GDP (nominal)

The United States is the largest economy in North America, comprising over 86% of the continent's gross domestic product.

  United States (86.12%)
  Canada (6.79%)
  Mexico (5.03%)
  Other (2.06%)

Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries in North America are sorted by nominal GDP estimates based on 2018 data from the World Economic Outlook by the International Monetary Fund.[1]

The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency.[2] Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population.[3] Therefore, these figures should be used with caution.

Some countries/regions may have citizens which are on average wealthy. These countries/regions could appear in this list as having a small GDP. This would be because the country/region listed has a small population, and therefore small total economy; the GDP is calculated as the population times market value of the goods and services produced per person in the country.[4]

Comparisons of national wealth are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP.[5] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.[6]

List

Region
Rank
World
Rank
Country
2018 GDP (nominal)[7]
millions of International dollars
——North America23,953,501
11United States United States20,412,870
210Canada Canada1,798,512
315Mexico Mexico1,212.831
469Guatemala Guatemala82,356
576Dominican Republic Dominican Republic80,413
--Cuba Cuba68,234 (2013)
670Panama Panama66,711
775Costa Rica Costa Rica61,287
8100El Salvador El Salvador29,407
9104Honduras Honduras24,021
10106Trinidad and Tobago Trinidad and Tobago22,158
11118Jamaica Jamaica15,256
12121Nicaragua Nicaragua14,532
13136The Bahamas The Bahamas12,318
14139Haiti Haiti9,417
15151Barbados Barbados5,317
16166Belize Belize1,912
17171Saint Lucia Saint Lucia1,755
18172Antigua and Barbuda Antigua and Barbuda1,612
19175Grenada Grenada1,180
20176Saint Kitts and Nevis Saint Kitts and Nevis972
21180Saint Vincent and the Grenadines Saint Vincent and the Grenadines835
22182Dominica Dominica476

See also

References

  1. ↑
  2. ↑ Moffatt, Mike. "A Beginner's Guide to Purchasing Power Parity Theory". About.com. IAC/InterActiveCorp. Retrieved 31 May 2014.
  3. ↑ Ito, Takatoshi et. al. (January 1999). "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia" (PDF). Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues. National Bureau of Economic Research. Retrieved 1 June 2014.
  4. ↑ "What is GDP and why is it so important?". Investopedia. IAC/InterActiveCorp. 26 February 2009. Retrieved 30 May 2014.
  5. ↑ Callen, Tim (28 March 2012). "Purchasing Power Parity: Weights Matter". Finance & Development. International Monetary Fund. Retrieved 30 May 2014.
  6. ↑ Callen, Tim (28 March 2012). "Gross Domestic Product: An Economy's All". Finance & Development. International Monetary Fund. Retrieved 31 May 2014.
  7. ↑


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