Canada: Economic growth forecast: The latest value from 2030 is 1.52 percent, a decline from 1.64 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Canada from 1980 to 2030 is 2.22 percent. The minimum value, -5.04 percent, was reached in 2020 while the maximum of 5.95 percent was recorded in 2021.

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.

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.

In the fourth quarter of 2023, 16 percent of surveyed leaders felt optimistic about how the Canadian economy would perform over the following 12 months, an slight decrease of one percentage point from the second quarter of 2022.

Canada: Economic freedom, overall index (0-100): The latest value from 2024 is 72 index points, a decline from 74 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for Canada from 1995 to 2024 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.

Canada CA: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Europe & Central Asia data was reported at 0.284 % in 2023. This records an increase from the previous number of 0.226 % for 2022. Canada CA: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Europe & Central Asia data is updated yearly, averaging 0.141 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 0.400 % in 2008 and a record low of 0.035 % in 1963. Canada CA: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Europe & Central Asia data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Exports. Merchandise exports to low- and middle-income economies in Europe and Central Asia are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Europe and Central Asia region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.;World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.;Weighted average;

The Ontario Economic Accounts (OEA) is a public document, released four times a year that provides an overall assessment of the current state of the Ontario economy. OEA estimates are based on Statistics Canada data. Its primary audience includes economists in both public and private sectors and credit rating agencies.

*[OEA]: Ontario Economic Accounts

We present a new, publicly available database of real-time data and forecasts from the Bank of Canada's staff economic projections, which will be updated on an annual basis. We describe the data construct, its variables, coverage, and frequency. We then provide a forecast evaluation for gross domestic product (GDP) growth, consumer price index (CPI) inflation and the policy rate since 1982: We compare the staff's forecasts with those from commonly used time series models estimated with the real-time data, and with forecasts from other professional forecasters, and provide standard bias tests. Finally, we study changes in predictability of the Canadian economy following the announcement of the inflation-targeting regime in 1991. Our data set is unprecedented outside the USA, and our evidence is particularly interesting, as it covers over 30 years of staff forecasts, two severe recessions, and different monetary policy regimes.

Economic growth, quarterly in Canada, March, 2025 The most recent value is 0.55 percent as of Q1 2025, an increase compared to the previous value of 0.51 percent. Historically, the average for Canada from Q2 1961 to Q1 2025 is 0.76 percent. The minimum of -11 percent was recorded in Q2 2020, while the maximum of 9.08 percent was reached in Q3 2020. | TheGlobalEconomy.com

CA: Potential Output of Total Economy: Volume data was reported at 2,480.871 CAD bn in 2026. This records an increase from the previous number of 2,446.565 CAD bn for 2025. CA: Potential Output of Total Economy: Volume data is updated yearly, averaging 1,717.527 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 2,480.871 CAD bn in 2026 and a record low of 1,011.824 CAD bn in 1985. CA: Potential Output of Total Economy: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

Canada CA: Output Gap of Total Economy data was reported at -0.130 % in 2026. This records an increase from the previous number of -0.730 % for 2025. Canada CA: Output Gap of Total Economy data is updated yearly, averaging -0.057 % from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 4.006 % in 2000 and a record low of -4.820 % in 2020. Canada CA: Output Gap of Total Economy data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GAP - Output gap, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation

Canada CA: GDP: Real: per Capita data was reported at 56,866.021 CAD in 2023. This records a decrease from the previous number of 57,835.849 CAD for 2022. Canada CA: GDP: Real: per Capita data is updated yearly, averaging 40,698.712 CAD from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 57,835.849 CAD in 2022 and a record low of 19,734.832 CAD in 1960. Canada CA: GDP: Real: per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Real. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Canada CA: GDP: Growth: Adjusted Net National Income per Capita data was reported at 8.279 % in 2021. This records an increase from the previous number of -8.393 % for 2020. Canada CA: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 1.884 % from Dec 1971 (Median) to 2021, with 51 observations. The data reached an all-time high of 8.279 % in 2021 and a record low of -8.393 % in 2020. Canada CA: GDP: Growth: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

Graph and download economic data for Economic Policy Uncertainty Index for Canada (CANEPUINDXM) from Jan 1985 to May 2025 about uncertainty, academic data, Canada, and indexes.

Composite Leading Indicator in Canada increased to 100.77 points in May from 100.67 points in April of 2025. This dataset includes a chart with historical data for Canada Composite Leading Indicator.

Canada CA: GDP: USD: Exports of Goods and Services data was reported at 714.928 USD bn in 2023. This records a decrease from the previous number of 731.555 USD bn for 2022. Canada CA: GDP: USD: Exports of Goods and Services data is updated yearly, averaging 155.724 USD bn from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 731.555 USD bn in 2022 and a record low of 7.216 USD bn in 1961. Canada CA: GDP: USD: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Nominal. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

The latest data from show economic growth of 2.31 pour cent, which is an increase from the rate of growth of 2.29 pour cent in the previous quarter and
an increase compared to the growth rate of 0.78 pour cent in the same quarter last year. The economic growth time series for Canada cover the...

GDP from Services in Canada increased to 1709847 CAD Million in March from 1708510 CAD Million in February of 2025. This dataset provides - Canada Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Monthly GDP MoM in Canada remained unchanged at 0.10 percent in April. This dataset includes a chart with historical data for Canada Monthly GDP MoM.

According to a survey conducted in May 2023 in Canada, around 58 percent of the youth described the state of the country's economy as poor or even very poor. Older generations tended to think alike, with 53 percent of the 55 and older who believed the same.