The economy of North America is one of the most powerful and prosperous in the world. It is the largest economy in the world when measured by nominal gross domestic product (GDP). The United States is the largest economy in North America, accounting for more than 80 percent of the region's total GDP. Canada and Mexico are the next two largest economies, with Mexico having the third-largest GDP in the region.
The North American economy is highly integrated, with the United States and Canada having the most integrated economic relationship of any two countries in the world. The two countries have a long history of economic cooperation and have signed a number of free trade agreements, including the North American Free Trade Agreement (NAFTA). The United States and Mexico also have a strong economic relationship, with the United States being Mexico's largest trading partner.
The North American economy is a major driver of global economic growth. The region is home to some of the world's largest and most influential companies, such as Apple, Microsoft, Amazon, and Walmart. North America is also a major hub for international finance and investment. The region is home to the New York Stock Exchange, the world's largest stock exchange, as well as the world's largest futures exchange, the Chicago Mercantile Exchange.
The North American economy is highly diversified. The United States is the world's largest economy and is the largest consumer market in the world. Canada and Mexico are both major exporters of goods and services. Canada is the world's second-largest exporter of agricultural products and is a major producer of oil and natural gas. Mexico is a major producer of oil and natural gas, as well as a major exporter of manufactured goods.
The North American economy is also a major center of innovation and technology. The United States is home to some of the world's most advanced research and development centers, such as Silicon Valley, and is a major hub for venture capital investment. Canada and Mexico are both major hubs for innovation, with Mexico being a major center for automotive manufacturing.
The North American economy is also a major exporter of services. The United States is the world's largest exporter of professional and business services, such as legal, accounting, and consulting services. Canada is a major exporter of financial services, such as banking and insurance. Mexico is a major exporter of tourism services, such as hotels and resorts.
The North American economy is a major contributor to global economic growth. The region is home to some of the world's most influential companies, and the United States is the world's largest consumer market. The region is also a major hub for international finance and investment, and is a major center of innovation and technology. The North American economy is highly diversified, with the United States, Canada, and Mexico all being major exporters of goods and services.