List of North American countries by GDP (nominal)

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

  United States (86.11%)
  Canada (6.79%)
  Mexico (5.02%)
  Other (2.08%)

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 2016 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[edit]

Region
Rank
World
Rank
Country
2016 GDP (nominal)
millions of International dollars
North America 22,145,00
1 1 United States United States 19,105,999
2 10 Canada Canada 1,462,329
3 15 Mexico Mexico 1,082,431
4 69 Dominican Republic Dominican Republic 71,433
5 - Cuba Cuba 68,234 (2013)
6 70 Guatemala Guatemala 68,142
7 75 Costa Rica Costa Rica 56,908
8 76 Panama Panama 55,755
9 100 El Salvador El Salvador 27,327
10 104 Trinidad and Tobago Trinidad and Tobago 23,816
11 106 Honduras Honduras 20,632
12 118 Jamaica Jamaica 14,057
13 121 Nicaragua Nicaragua 12,903
14 136 The Bahamas The Bahamas 8,917
15 139 Haiti Haiti 8,160
16 151 Barbados Barbados 4,498
17 166 Belize Belize 1,807
18 171 Saint Lucia Saint Lucia 1,425
19 172 Antigua and Barbuda Antigua and Barbuda 1,332
20 175 Grenada Grenada 1,000
21 176 Saint Kitts and Nevis Saint Kitts and Nevis 945
22 180 Saint Vincent and the Grenadines Saint Vincent and the Grenadines 784
23 182 Dominica Dominica 521

See also[edit]

References[edit]

  1. ^ "World Economic Outlook". International Monetary Fund. International Monetary Fund. Retrieved September 29, 2016. 
  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.