NORTH America

North American countries

United States of America

Canada
Mexico
Costa Rica
Guatemala
United States of America
 GDP- the growth is expected to fall below the 2% and 3% ideal range.
 Unemployment is continue to below the natural rate.
 No too much inflation or deflation.
 GDP averaged to 3.21% from 1947 until 2019, reaching an all time high of
16.70 percent in the first quarter of 1950 and a record low of -10% in the
first quarter of 1958
FACTORS THAT CONTRIBUTE TO UNITED
STATES’ GROWTH RATE

 LAND/ NATURAL RESOURCES- growth requires the responsible use of

our land and other natural resources. The re-emergence of the United
States as the world’s largest energy producer is reducing cost of living
for consumers and creating millions of new jobs in resources-related
industries.
 LABOR- is the work that all employed people contribute to the
production of goods and services. Essentially, a larger, more productive
workforce delivers great output.
 ENTREPRENEURSHIP- it pulls the other factors together into business
enterprise that generates profits.
Canada
 GDP – expanded 1.60 percent in the 2nd quarter of 2019 over the same
quarter of the previous year.
 GDP Annual Growth Rate in Canada averaged 3.14 percent from 1962 until
2019.
 Highly developed market economy.
 10th largest GDP in the world, fuelled in part by its vast natural resources,
sizable manufacturing base, and vibrant seafood industry.

FACTORS THAT CONTRIBUTE TO CANADA’S GROWTH RATE

 Services account for more than 70 percent. Within services the most
important are:
 finance, insurance, real estate, rental and leasing and management of companies
and enterprises (21% of total GDP)
 Retail and wholesale trade (12%)
 Health (8%)
 Public Administration (6%)
 Manufacturing accounts for 13% of the output and construction for 6 %.
 Mining and oil and gas extraction constitute only 4 % of GDP, yet Canada
is a net exporter of energy.
 Agriculture, forestry, fishing and hunting account for 2 % of output.
 On the expenditure side, household consumption is the main component
of GDP and accounts for 58 % of its total use, followed by gross fixed
capital formation (22%) and government expenditure (19%)
 Exports of goods and services account for 32 % of GDP while imports
accounts for 33 %, subtracting 1 percent of total GDP.
Facts about Canada’s Economy
 75% of all Canadian exports land in the US.
 Has $33.2 trillion in natural resources (making them as the 3rd richest
nation on earth in natural resources).
 Oil reserves exceed those of the Middle East
 Canada, with its world leading 125,567 mile coastline, makes $4 billion
a year of seafood.
 Produces 71% of all the maple syrup in the world.
 Retail goods often cost more in Canada just because Canadians are
willing to pay more
Mexico

 Mexico is the second largest economy in Latin America. The country has
an export- oriented than 90 percent of trade is under free trade
agreements.
 Mexico has a mixed economy , which means that it is made up of both
privately – owned and state- owned companies
 GDP Growth rate in Mexico averaged 0.58 percent from 1993 until 2019
reaching all time high of 3.20.
 The Mexican shrank 0.8 percent year on year in the second quarter of
2019.
 The Gross domestic product in Mexico advanced 1.3 percent year on year
in the first quarter of 2019, easing from a 1.7 percent expansion in the
previous period .
FACTORS THAT CONTRIBUTE TO
MEXICO’S GROWTH RATE
 In Mexico, services account for 62 percent of total GDP.
 Wholesale and retail 16 %
 Real estate 10 %
 Transport, warehousing and communications 7%
 Financial services and insurance 6%
 Industry 18%
 Automobile industry 4% of total GDP
 Food industry 3.8%
 The remaining share is divided by: construction, water, gas and
electricity distribution 8%
 Mining 5%
 Government 4%
 Agriculture, forestry, fishing and hunting 3%
TRIVIA
Costa Rica

 Costa Rica is a rugged, rainforest Central American country with

coastlines on the Caribbean and pacific.
 It has a stable economy and a relatively high standard of living.
Actually it’s economy depends mainly in tourism, which is rapidly
expanding industry; agriculture, and electronic components
exports.
 GDP annual growth rate in Costa Rica averaged 4.32% from 1992
until 2019
 However, the economy of Costa Rica advanced 1.9% year-on-
year in the third quarter of 2019,gaining steam from an upwardly
revised 1.5% expansion in the previous period.
FACTORS THAT CONTRIBUTE TO
COSTA RICA’S GROWTH RATE
 The biggest sector of Costa Rica’s economy is services, which
accounts for 63% of GDP.
 Within services the most important segments are: transport,
communication, and warehousing (16%)
 Trade, restaurants and hotel (15%)
 Community, personal, and social services (9%)
 Manufacturing, mining, quarrying (21% of the wealth)
 Agriculture, forestry, and fishing(9%)
 construction, water, and electricity (7%)
DID YOU KNOW?
 There's a lizard known as Only Ecuador exports
Jesus Christ lizard . This bananas than Costa Rica. So
country is home to a lot of when you go, make sure to
animals and plants. But did eat some of those delicious
you know that it is also local bananas!
home to a creature that can
run on water?
 The Basilisk is also known
as Jesus Christ Lizard can
literally walk on water, and
that is how it got its
nickname.
Guatemala

 Has the lowest GDP per Capita of the Americas.

 The main sector of the economy is services which accounts for
60% GDP.
 The growing tourism industry is one of the major sources of
income.
 In recent years Guatemala was able to attract foreign direct
investment to its production industries.
 High crime rate and corruption, lack of high-skilled manpower
and low-quality infrastructures are the country’s most
challenging obstacles for growth.
Growth Rate of Guatemala
 Current GDP of Guatemala raging 4%, the previous one was 3.50
percent.
 So far the highest DGP rate of Guatemala was 7.7.
 Lowest GDP rate was -1.50.

The economy of Guatemala advanced 4% year on year in the third

quarter of 2019, following a 3.5% percent expansion in the previous
period. Output increased further in wholesale and retail trade, agriculture,
forestry, fishing, financial activities and insurance, health, transport and
storage and etc.
GDP annual growth rate in Guatemala averaged 3.50% from 2002 until
2019 reaching an all time high of 7.70% in the second quarter or 2007.
DID YOU KNOW?
 Coffee is Guatemalas biggest export
business.
 Guatemalans fly kites to honour their
dead
 Guatemalans invented the first ever
chocolate bar