The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Canada was worth 2241.25 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Canada represents 2.11 percent of the world economy. This dataset provides - Canada GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the gross domestic product (GDP) in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product in Canada was around 2.41 trillion U.S. dollars. The economy of Canada Canada is the second biggest country in the world after Russia and the biggest country in North America. Despite its large size, Canada has a relatively small population of just around 35.9 million people. However, the total population in Canada is estimated to grow to around 37.5 million inhabitants in 2020. The standard of living in the country is pretty high, the life expectancy as of 2013 in Canada ranks as one of the highest in the world. In addition, the country ranks number eight on the Human Development Index (HDI) worldwide. All key factors point to a stable and sustainable economy. Not only is Canada’s population increasing, but the economy has been slowly recovering after the global financial crisis in 2008. The unemployment rate in Canada in 2010 was at approximately 8 percent (263696). Today, the unemployment rate in Canada is estimated to be around 6.8 percent, and it is estimated to decrease further. During the financial crisis in 2008, Canada's inflation rate amounted to around 2.4 percent. By 2013, the inflation rate was at less than 1 percent in comparison to the previous year. Canada is considered to be one of the world’s wealthiest countries. By value of private financial wealth, Canada ranked seventh along with Italy. In addition, its gross domestic product per capita in 2014 was among the largest in the world and during the same year, its gross domestic product increased by over 2.5 percent in comparison to the previous year. Canada’s economic growth has been a result of its political stability and economic reforms following the global financial crisis. In the period between 2009 and 2010, Canada was among the leading countries with the highest political stability in the world.

The statistic shows the gross domestic product growth rate in Canada from 2020 to 2024, with projections up until 2030. In 2024, Canada’s real GDP growth was around 1.53 percent compared to the previous year.Economy of CanadaAs an indicator for the shape of a country’s economy, there are not many factors as telling as GDP. GDP is the total market value of all final goods and services that have been produced within a country within a given period of time, usually a year. Real GDP figures serve as an even more reliable tool in determining the direction in which a country’s economy may be swaying, as they are adjusted for inflation and reflect real price changes.Canada is one of the largest economies in the world and is counted among the globe’s wealthiest nations. It has a relatively small labor force in comparison to some of the world’s other largest economic powers, amounting to just under 19 million. Unemployment in Canada has remained relatively high as the country has battled against the tide of economic woe that swept across the majority of the world after the 2008 financial meltdown, and although moving in the right direction, there is still some way to go for Canada.Canada is among the leading trading nations worldwide, owing to the absolutely vast supplies of natural resources, which make up a key part of the Canadian trading relationship with the United States, the country with which Canada trades by far the most. In recent years, around three quarters of Canadian exports went to the United States and just over half of its imports came from its neighbor to the south. The relationship is very much mutually beneficial; Canada is the leading foreign energy supplier to the United States.

Key information about Canada Nominal GDP Growth

• Canada Nominal GDP Growth was reported at 4.311 % in Sep 2024.
• This records a decrease from the previous number of 5.115 % for Jun 2024.
• Canada Nominal GDP Growth data is updated quarterly, averaging 6.510 % from Mar 1958 to Sep 2024, with 267 observations.
• The data reached an all-time high of 23.418 % in Jun 2021 and a record low of -12.831 % in Jun 2020.
• Canada Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Statistics Canada provides Nominal GDP in local currency. Nominal GDP prior to Q1 1962 is sourced from the International Monetary Fund.

The Gross Domestic Product (GDP) in Canada expanded 1.40 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, Canada's gross domestic product (GDP) might recover by 4.5 percent compared to the previous year. Similarly, an increase of around one percent has been projected for 2023.

This statistic shows the Gross Domestic Product (GDP) of Canada in June 2025, distinguished by major industry. In June 2025, the construction industry of Canada contributed about 167.5 Canadian dollars to the total Canadian GDP.

Full Year GDP Growth in Canada increased to 1.60 percent in 2024 from 1.25 percent in 2023. This dataset includes a chart with historical data for Canada Full Year Gdp Growth.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, all levels of industries, (dollars x 1,000,000), annual, 5 most recent time periods.

The statistic shows the gross domestic product (GDP) per capita in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in Canada was around 54,473.19 U.S. dollars. Canada's economy GDP per capita is a measurement often used to determine economic growth and potential increases in productivity and is calculated by taking the GDP and dividing it by the total population in the country. In 2014, Canada had one of the largest GDP per capita values in the world, a value that has grown continuously since 2010 after experiencing a slight downturn due to the financial crisis of 2008. Canada is seen as one of the premier countries in the world, particularly due to its strong economy and healthy international relations, most notably with the United States. Canada and the United States have political, social and economical similarities that further strengthen their relationship. The United States was and continues to be Canada’s primary and most important trade partner and vice versa. Canada’s economy is partly supported by its exports, most notably crude oil, which was the country’s largest export category. Canada was also one of the world’s leading oil exporters in 2013, exporting more than the United States. Additionally, Canada was also a major exporter of goods such as motor vehicles and mechanical appliances, which subsequently ranked the country as one of the world’s top export countries in 2013.

Key information about Canada Market Capitalization: % of GDP

• Canada Market Capitalization accounted for 159.8 % of its Nominal GDP in Dec 2024, compared with a percentage of 141.7 % in the previous year
• Canada Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1977 to Dec 2024
• The data reached an all-time high of 213.5 % in Dec 1999 and a record low of 65.8 % in Dec 1982

CEIC calculates Market Capitalization as % of Nominal GDP from monthly Market Capitalization and quarterly Nominal GDP. TMX Group Limited provides Market Capitalization in local currency. Statistics Canada provides Nominal GDP in local currency. Market Capitalization as % of Nominal GDP prior to 2012 is sourced from the World Bank

The Gross Domestic Product per capita in Canada was last recorded at 44401.72 US dollars in 2024. The GDP per Capita in Canada is equivalent to 352 percent of the world's average. This dataset provides - Canada GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada: Exports of goods and services as percent of GDP: The latest value from 2024 is 32.46 percent, a decline from 33.35 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for Canada from 1961 to 2024 is 28.68 percent. The minimum value, 17.57 percent, was reached in 1962 while the maximum of 44.21 percent was recorded in 2000.

This statistic shows a comparison of gross domestic product (GDP) of Canada and the United States from 2020 to 2030 in billion U.S. dollars. In 2024, GDP of Canada amounted to about 2.24 trillion U.S. dollars and GDP of the United States amounted to about 29.18 trillion U.S. dollars. Thus, aggregated GDP for North America came to about 31.43 trillion U.S. dollars that year.

Canada: Economic freedom, overall index (0-100): The latest value from 2025 is 76 index points, an increase from 72 index points in 2024. In comparison, the world average is 60 index points, based on data from 174 countries. Historically, the average for Canada from 1995 to 2025 is 76 index points. The minimum value, 68 index points, was reached in 1997 while the maximum of 81 index points was recorded in 2009.

Graph and download economic data for Real Gross Domestic Product for Canada (NGDPRSAXDCCAQ) from Q1 1961 to Q1 2025 about Canada, real, and GDP.

Canada Business Barometer Index: Natural Resources data was reported at 52.080 Index in Aug 2024. This records a decrease from the previous number of 53.030 Index for Jul 2024. Canada Business Barometer Index: Natural Resources data is updated monthly, averaging 56.980 Index from Sep 2008 (Median) to Aug 2024, with 192 observations. The data reached an all-time high of 76.790 Index in Jun 2021 and a record low of 27.500 Index in Mar 2020. Canada Business Barometer Index: Natural Resources data remains active status in CEIC and is reported by Canadian Federation of Independent Business. The data is categorized under Global Database’s Canada – Table CA.S002: Business Barometer Index. Since May-2023 release, the values indicated in the months previous to the publication month may differ slightly from the actual value. These numbers have not been updated to include responses received after the initial cut-off date and the end of the respective month.

Canada CA: Exports: fob: Advanced Economies: Spain data was reported at 1.468 USD bn in 2024. This records a decrease from the previous number of 1.679 USD bn for 2023. Canada CA: Exports: fob: Advanced Economies: Spain data is updated yearly, averaging 189.200 USD mn from Dec 1948 (Median) to 2024, with 77 observations. The data reached an all-time high of 2.341 USD bn in 2022 and a record low of 0.300 USD mn in 1949. Canada CA: Exports: fob: Advanced Economies: Spain data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.DOT: Exports: fob: by Country: Annual.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in chained and current dollars, growth rate.