This is a list of North American nations ranked by Gross Domestic Product (GDP) per capita in nominal terms, which are calculated at market or government official exchange rates. The figures provided are 2019 estimates from the IMF [1]
Region Rank | Country | GDP (nominal) per capita US-Dollar |
1 | United States | 70,000 |
2 | Canada | 47,764 |
3 | The Bahamas | 32,661 |
4 | Aruba | 24,371 |
5 | Barbados | 17,758 |
6 | Saint Kitts and Nevis | 17,397 |
7 | Antigua and Barbuda | 16,702 |
8 | Trinidad and Tobago | 16,638 |
9 | Panama | 15,089 |
10 | Costa Rica | 11,729 |
11 | Grenada | 10,405 |
12 | Saint Lucia | 9,606 |
13 | Mexico | 9,319 |
14 | Dominica | 7,879 |
15 | Cuba (2015) | 7,602 |
16 | Dominican Republic | 7,478 |
17 | Saint Vincent and the Grenadines | 7,124 |
18 | Jamaica | 5,193 |
19 | Belize | 4,806 |
20 | Guatemala | 4,469 |
21 | El Salvador | 3,895 |
22 | Honduras | 2,766 |
23 | Nicaragua | 2,221 |
24 | Haiti | 784 |
A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic development are the gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. Different definitions of developed countries are provided by the International Monetary Fund and the World Bank; moreover, HDI ranking is used to reflect the composite index of life expectancy, education, and income per capita. Another commonly used measure of a developed country is the threshold of GDP (PPP) per capita of at least US$22,000. In 2023, 40 countries fit all four criteria, while an additional 15 countries fit three out of four.
The economy of North America comprises more than 596 million people in its 24 sovereign states and 15 dependent territories. It is marked by a sharp division between the predominantly English speaking countries of Canada and the United States, which are among the wealthiest and most developed nations in the world, and countries of Central America and the Caribbean in the former Latin America that are less developed. Mexico and Caribbean nations of the Commonwealth of Nations are between the economic extremes of the development of North America.
A global recession is a recession that affects many countries around the world—that is, a period of global economic slowdown or declining economic output.