Continent ยท 3 economies ยท #2 by output

North America

USMCA trade bloc anchored by the world's largest economy. Together these economies produced $35.0T in 2025 โ€” 31% of everything tracked here.

Combined GDP ยท 2025
$35.0T
$37.3T projected for 2026
GDP-weighted growth
2.2%
2.2% in 2026
Median inflation
3.3%
Latest reading per economy
Central banks ยท 517M people
3.88%
median policy rate ยท 2 cutting ยท 0 holding ยท 1 hiking
Map

North America at a glance

Colors are binned within this continent.

GDP growth
Not tracked

Ranking

๐Ÿ‡บ๐Ÿ‡ธ
United States
Federal Reserve
GDP
$30.9T
Growth
2.3%
Inflation
3.4%
Rate
3.88%
Hiking
growth 2014โ€“2025
๐Ÿ‡จ๐Ÿ‡ฆ
Canada
Bank of Canada
GDP
$2.3T
Growth
1.9%
Inflation
3.0%
Rate
2.25%
Cutting
growth 2014โ€“2025
๐Ÿ‡ฒ๐Ÿ‡ฝ
Mexico
Banco de Mรฉxico
GDP
$1.8T
Growth
0.5%
Inflation
3.3%
Rate
6.50%
Cutting
growth 2014โ€“2025
Ranking

Largest economies

GDP, 2025, current US$

Ranking

Inflation

Latest consumer-price inflation, y/y

Growth

Real GDP growth, largest four

Annual %, 2010โ€“2031. Shaded years are IMF projections.

IMF projection-5%0%5%20102012201420162018202020222024202620282030
  • United States
  • Canada
  • Mexico
Share

Output mix

GDP by economy, 2025

  • North America
Rates

Policy rates since 2019

Month-end, %. The four largest central banks on this continent.

0%2%4%6%8%10%12%201920202021202220232024202520266.5%3.9%2.3%
  • United States
  • Canada
  • Mexico
Heatmap

Rate decisions, last 24 months

Each cell is one month. Blue = cut, red = hike, gray = hold.

Change vs prior month
  • Large cut
  • Cut
  • Small cut
  • Hold
  • Small hike
  • Hike
  • Large hike
United States
Canada
Mexico
Latest
3.88%
2.25%
6.50%
Flowchart

Monetary transmission across North America

Pick a central bank to see how its current stance travels through the economy.

  • Tightening impulse
Direct effect via expectations
How a hike travels through the economy

Federal Reserve is tightening (policy rate 3.88%). Higher rates work through borrowing costs, asset prices, the currency and expectations to cool demand, and with it inflation. Hover a step to see how each channel works.

Scatter

Growth versus inflation

North America highlighted against every tracked economy. Bubble size is GDP.

  • North America
  • Others
0%2%5%10%20%0%2%4%6%8%2% targetReal GDP growth โ†’โ†‘ Inflation (log scale)United StatesMexico

IMF WEO ยท BIS ยท per-capita GDP for the continent: $67.8K