In today's world, List of North American countries by GDP (nominal) is a topic that has gained great relevance and has captured the attention of different sectors of society. Since its appearance, List of North American countries by GDP (nominal) has marked a before and after in the way we interact, live and perceive the world around us. Over time, List of North American countries by GDP (nominal) has become a topic of debate and discussion in different areas, generating conflicting opinions and triggering actions that have impacted people's lives. Therefore, it is crucial to analyze and understand in depth the impact that List of North American countries by GDP (nominal) has had on our lives, as well as on the development of society as a whole. In this article, we will explore some facets of List of North American countries by GDP (nominal) and its influence on various aspects of daily life, in order to provide a broader and more comprehensive view on this vitally important topic.
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 2023 data from the World Economic Outlook by the International Monetary Fund.
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. 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. 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.
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. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.
Region rank |
World rank |
Country |
2023 GDP (nominal) millions of international dollars |
— | — | North America | 31,173,588 |
1 | 1 | United States | 26,854,599 |
2 | 9 | Canada | 2,089,672 |
3 | 14 | Mexico | 1,663,164 |
4 | 64 | Dominican Republic | 121,289 |
- | - | Cuba | 107,352 (2020) |
5 | 69 | Guatemala | 102,309 |
6 | 78 | Costa Rica | 77,777 |
7 | 80 | Panama | 77,257 |
8 | 103 | El Salvador | 33,752 |
9 | 104 | Honduras | 32,860 |
10 | 113 | Trinidad and Tobago | 28,223 |
11 | 115 | Haiti | 26,580 |
12 | 130 | Nicaragua | 17,287 |
13 | 131 | Jamaica | 17,254 |
14 | 141 | The Bahamas | 14,114 |
15 | 157 | Barbados | 6,117 |
16 | 167 | Belize | 3,162 |
17 | 174 | Saint Lucia | 2,262 |
18 | 178 | Antigua and Barbuda | 1,864 |
19 | 182 | Grenada | 1,274 |
20 | 184 | Saint Kitts and Nevis | 1,052 |
21 | 185 | Saint Vincent and the Grenadines | 1,039 |
22 | 187 | Dominica | 681 |