List of North American countries by GDP (nominal)

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 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%)

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 America	23,953,501
1	1	United States	20,412,870
2	10	Canada	1,798,512
3	15	Mexico	1,212.831
4	69	Guatemala	78,356
5	76	Dominican Republic	80,413
-	-	Cuba	68,234 (2013)
6	70	Panama	66,711
7	75	Costa Rica	61,287
8	100	El Salvador	29,407
9	104	Honduras	24,021
10	106	Trinidad and Tobago	22,158
11	118	Jamaica	15,256
12	121	Nicaragua	14,532
13	136	The Bahamas	12,318
14	139	Haiti	9,417
15	151	Barbados	5,317
16	166	Belize	1,912
17	171	Saint Lucia	1,755
18	172	Antigua and Barbuda	1,612
19	175	Grenada	1,180
20	176	Saint Kitts and Nevis	972
21	180	Saint Vincent and the Grenadines	835
22	182	Dominica	476

See also

• Economic growth
• Economic reports
• List of North American countries by GDP (PPP)

References

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.