The economy of North America comprises more than 596 million people (8% of the world population) in its 24 sovereign states and 15 dependent territories.

Mexico lies in between these two extremes as a newly industrialized country (NIC), and is a part of the North American Free Trade Agreement (NAFTA) and a member of the Organisation for Economic Co-operation and Development (OECD), being one of the only two Latin American members of this organisation (together with Chile).

[11] In 2011, the US has an estimated per capita gross domestic product (PPP) of $47,200, and is the most technologically developed economy in North America.

[11] Canada's economic trends are similar to that of the United States, with significant growth in the sectors of services, mining and manufacturing.

The United States introduced unemployment insurance, a minimum wage and standardised working hours under the New Deal.

[19] The economic output in North America increased substantially, with unemployment practically eliminated in the United States.

[20] Rationing severely reduced the availability of consumer goods, with the increase in industrial production coming from the demand for war materials.

- On January 1, 2006, six members: (Barbados, Belize, Guyana, Jamaica, Suriname and Trinidad and Tobago) unofficially ushered in the Caribbean (CARICOM) Single Market and Economy (CSME).

In western Canada, in the provinces of Saskatchewan, Alberta, British Columbia and Manitoba, wheat and other various main agricultural products are grown.

The U.S. also has many states with significant agriculture production, mainly in the central continental U.S. Mexico produces many tropical fruits and vegetables as well as edible animals.

At the start of the 1950s, the United States was a top manufacturing power, with Canada and Mexico also making significant progress.

And smaller economic powers such as Guatemala, Honduras, Costa Rica, and Panama are also growing slowly in this sector.

Tourism of national parks and natural landmarks, such as Mount Rushmore and the Grand Canyon in the United States, and Niagara Falls and Moraine lake in Canada, contribute to the economy in these regions.