The Gross Domestic Product (GDP) in Canada was worth 2142.47 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Canada represents 2.03 percent of the world economy. This dataset provides - Canada GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This resource provides a concise summary of selected Canadian economic events, as well as international and financial market developments by calendar month. It is intended to provide contextual information only to support users of the economic data published by Statistics Canada. In identifying major events or developments, Statistics Canada is not suggesting that these have a material impact on the published economic data in a particular reference month.

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.

United States BoP: Canada: FA: Financial Derivatives, Net data was reported at -926.000 USD mn in Mar 2018. This records an increase from the previous number of -1.007 USD bn for Dec 2017. United States BoP: Canada: FA: Financial Derivatives, Net data is updated quarterly, averaging 674.000 USD mn from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 3.865 USD bn in Jun 2007 and a record low of -3.561 USD bn in Jun 2012. United States BoP: Canada: FA: Financial Derivatives, Net data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JB006: Balance of Payments: BPM6: Canada.

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.S003: 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 BOS: Inflation Expectations: 3% data was reported at 51.000 % in Dec 2024. This records a decrease from the previous number of 62.000 % for Sep 2024. Canada BOS: Inflation Expectations: 3% data is updated quarterly, averaging 42.000 % from Jun 2001 (Median) to Dec 2024, with 95 observations. The data reached an all-time high of 69.000 % in Jun 2007 and a record low of 11.000 % in Jun 2022. Canada BOS: Inflation Expectations: 3% data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S004: Business Outlook Survey. Business Outlook Survey Questionnaire: Inflation Expectations - Over the next two years, what do you expect the annual rate of inflation to be, based on the consumer price index? [COVID-19-IMPACT]

Canada CA: New Business Density: New Registrations per 1000 People Aged 15 to 64 data was reported at 9.834 Number in 2022. This records a decrease from the previous number of 10.334 Number for 2021. Canada CA: New Business Density: New Registrations per 1000 People Aged 15 to 64 data is updated yearly, averaging 8.241 Number from Dec 2017 (Median) to 2022, with 6 observations. The data reached an all-time high of 10.334 Number in 2021 and a record low of 0.204 Number in 2017. Canada CA: New Business Density: New Registrations per 1000 People Aged 15 to 64 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: Businesses Registered Statistics. New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.;World Bank's Entrepreneurship Database (https://www.worldbank.org/en/programs/entrepreneurship).;Unweighted average;For cross-country comparability, only limited liability corporations that operate in the formal sector are included.

Canada BOS: Input Price Inflation: Decrease data was reported at 46.000 % in Dec 2024. This records a decrease from the previous number of 47.000 % for Sep 2024. Canada BOS: Input Price Inflation: Decrease data is updated quarterly, averaging 24.500 % from Sep 1998 (Median) to Dec 2024, with 106 observations. The data reached an all-time high of 72.000 % in Sep 2023 and a record low of 8.000 % in Mar 2021. Canada BOS: Input Price Inflation: Decrease data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.S004: Business Outlook Survey. Business Outlook Survey Questionnaire: Input Price Inflation - Over the next 12 months, are prices of products/services purchased expected to increase at a greater, lesser, or the same rate as over the past year? [COVID-19-IMPACT]

Canada 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. Canada 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. Canada 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: GDP: Growth: Deflator: Double Hit Scenario data was reported at 1.558 % in Dec 2021. This records an increase from the previous number of 1.354 % for Sep 2021. Canada CA: GDP: Growth: Deflator: Double Hit Scenario data is updated quarterly, averaging 3.245 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 17.550 % in Sep 1974 and a record low of -12.709 % in Dec 2008. Canada CA: GDP: Growth: Deflator: Double Hit Scenario 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: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

United States Exports: Services: Canada: Insurance data was reported at 1.833 USD bn in 2017. This records a decrease from the previous number of 2.032 USD bn for 2016. United States Exports: Services: Canada: Insurance data is updated yearly, averaging 2.023 USD bn from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 3.006 USD bn in 2012 and a record low of 392.000 USD mn in 2001. United States Exports: Services: Canada: Insurance data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.JA080: Trade Statistics: Services: Canada.

Canada CA: General Government: % of GDP: Net Lending: Double Hit Scenario data was reported at -3.114 % in Dec 2021. This records an increase from the previous number of -3.944 % for Sep 2021. Canada CA: General Government: % of GDP: Net Lending: Double Hit Scenario data is updated quarterly, averaging -2.678 % from Mar 1970 (Median) to Dec 2021, with 208 observations. The data reached an all-time high of 3.062 % in Jun 2000 and a record low of -14.674 % in Dec 2020. Canada CA: General Government: % of GDP: Net Lending: Double Hit Scenario 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: Government Accounts: % of GDP: Forecast: OECD Member: Quarterly. NLGQ - General government net lending, as a percentage of GDPData refer to the general government sector, which is a consolidation of accounts for the central, state and local government plus social security Net lending:https://stats.oecd.org/glossary/detail.asp?ID=1758

Canada CA: Contribution to Growth in Real GDP: Net Exports data was reported at -0.000 % in 2026. This records an increase from the previous number of -0.001 % for 2025. Canada CA: Contribution to Growth in Real GDP: Net Exports data is updated yearly, averaging -0.001 % from Dec 1962 (Median) to 2026, with 65 observations. The data reached an all-time high of 0.037 % in 1982 and a record low of -0.031 % in 1974. Canada CA: Contribution to Growth in Real GDP: Net Exports 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: Growth and Contribution to Growth: Forecast: OECD Member: Annual. CQ_FBGSV-Net exports, contribution to growth in real GDP

Canada GDP Growth Tracker: YoY: Low data was reported at 1.301 % in 23 Apr 2023. This records a decrease from the previous number of 1.384 % for 16 Apr 2023. Canada GDP Growth Tracker: YoY: Low data is updated weekly, averaging 1.276 % from May 2019 (Median) to 23 Apr 2023, with 207 observations. The data reached an all-time high of 14.655 % in 04 Apr 2021 and a record low of -21.687 % in 05 Apr 2020. Canada GDP Growth Tracker: YoY: Low 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.WT: GDP Growth Tracker: Weekly.

Canada CA: Broad Money: % of GDP data was reported at 122.643 % in 2008. This records an increase from the previous number of 112.089 % for 2007. Canada CA: Broad Money: % of GDP data is updated yearly, averaging 64.785 % from Dec 1960 (Median) to 2008, with 49 observations. The data reached an all-time high of 158.714 % in 2006 and a record low of 35.858 % in 1962. Canada CA: Broad Money: % of GDP 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: Money Supply. Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;The derivation of this indicator was simplified in September 2012 to be current-year broad money divided by current-year GDP times 100.

Canada Business Barometer Index: Finance, Insurance and Realty data was reported at 57.760 Index in Feb 2025. This records a decrease from the previous number of 60.560 Index for Jan 2025. Canada Business Barometer Index: Finance, Insurance and Realty data is updated monthly, averaging 63.050 Index from Sep 2008 (Median) to Feb 2025, with 198 observations. The data reached an all-time high of 78.570 Index in Aug 2021 and a record low of 27.080 Index in Mar 2020. Canada Business Barometer Index: Finance, Insurance and Realty 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.S003: 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 Government Budgetary Surplus or Deficit: as % of GDP data was reported at -2.100 % in 2024. This records a decrease from the previous number of -1.200 % for 2023. Canada Government Budgetary Surplus or Deficit: as % of GDP data is updated yearly, averaging -1.700 % from Mar 1967 (Median) to 2024, with 58 observations. The data reached an all-time high of 1.800 % in 2001 and a record low of -14.800 % in 2021. Canada Government Budgetary Surplus or Deficit: as % of GDP data remains active status in CEIC and is reported by Department of Finance Canada. The data is categorized under Global Database’s Canada – Table CA.F002: Government Revenue and Expenditure: Annual.

Canada CA: Business-Financed BERD: Compound Annual Growth Rate data was reported at -2.500 % in 2022. This records a decrease from the previous number of 10.292 % for 2021. Canada CA: Business-Financed BERD: Compound Annual Growth Rate data is updated yearly, averaging 2.309 % from Dec 1982 (Median) to 2022, with 40 observations. The data reached an all-time high of 24.682 % in 2001 and a record low of -8.714 % in 1983. Canada CA: Business-Financed BERD: Compound Annual Growth Rate 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.MSTI: Business Enterprise Investment on Research and Development: OECD Member: Annual.

Canada CA: General Government: Net Acquisition of Financial Assets: by Instrument: Monetary Gold and SDRs data was reported at 0.000 CAD mn in 2015. This stayed constant from the previous number of 0.000 CAD mn for 2014. Canada CA: General Government: Net Acquisition of Financial Assets: by Instrument: Monetary Gold and SDRs data is updated yearly, averaging 0.000 CAD mn from Mar 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 0.000 CAD mn in 2015 and a record low of 0.000 CAD mn in 2015. Canada CA: General Government: Net Acquisition of Financial Assets: by Instrument: Monetary Gold and SDRs 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.IFS: Government Finance: Operations Statement: Annual.

Canada CA: Time Required to Start a Business: Male data was reported at 1.500 Day in 2019. This stayed constant from the previous number of 1.500 Day for 2018. Canada CA: Time Required to Start a Business: Male data is updated yearly, averaging 3.500 Day from Dec 2003 (Median) to 2019, with 17 observations. The data reached an all-time high of 5.500 Day in 2014 and a record low of 1.500 Day in 2019. Canada CA: Time Required to Start a Business: Male 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: Company Statistics. Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.;World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme;Unweighted average;Data are presented for the survey year instead of publication year.