92 datasets found
  1. Gross domestic product (GDP) in Canada 2030

    • statista.com
    • tokrwards.com
    Updated May 21, 2025
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    Statista (2025). Gross domestic product (GDP) in Canada 2030 [Dataset]. https://www.statista.com/statistics/263574/gross-domestic-product-gdp-in-canada/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Canada
    Description

    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.

  2. T

    Canada GDP

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 1, 2025
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    TRADING ECONOMICS (2025). Canada GDP [Dataset]. https://tradingeconomics.com/canada/gdp
    Explore at:
    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    Canada
    Description

    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.

  3. Gross domestic product (GDP) per capita in Canada 2029

    • statista.com
    Updated Sep 30, 2025
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    Aaron O'Neill (2025). Gross domestic product (GDP) per capita in Canada 2029 [Dataset]. https://www.statista.com/topics/5980/gross-domestic-product-of-canada/
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    Dataset updated
    Sep 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Area covered
    Canada
    Description

    The statistic shows the gross domestic product (GDP) per capita in Canada from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product per capita in Canada was around 53,607.4 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.

  4. T

    Canada GDP per capita

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Canada GDP per capita [Dataset]. https://tradingeconomics.com/canada/gdp-per-capita
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2024
    Area covered
    Canada
    Description

    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.

  5. C

    Canada GDP per Capita

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Canada GDP per Capita [Dataset]. https://www.ceicdata.com/en/indicator/canada/gdp-per-capita
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2011 - Jun 1, 2022
    Area covered
    Canada
    Variables measured
    Gross Domestic Product
    Description

    Key information about Canada GDP Per Capita

    • Canada Gross Domestic Product (GDP) per Capita reached 54,104.301 USD in Jun 2022, compared with 48,179.034 USD in Jun 2021.
    • Canada GDP Per Capita data is updated yearly, available from Jun 1971 to Jun 2022, with an average number of 21,530.588 USD.
    • The data reached an all-time high of 54,104.301 USD in Jun 2022 and a record low of 4,312.333 in Jun 1971.
    • CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Statistics Canada provides Nominal GDP in local currency and Population. Federal Reserve Board average market exchange rate is used for currency conversions. Mid-Year Population is used in the calculation of GDP per Capita. GDP per Capita is in annual frequency, ending in June of each year.


    Related information about Canada GDP Per Capita data

    • In the latest reports, Canada GDP expanded 2.074 % YoY in Dec 2022.
    • Canada Nominal GDP reached 513.543 USD bn in Dec 2022.
    • Its GDP deflator (implicit price deflator) increased 4.199 % in Dec 2022.
    • Gross Savings Rate of Canada was measured at 23.371 % in Dec 2022.

  6. Gross domestic product (GDP) at basic prices, by industry, provinces and...

    • www150.statcan.gc.ca
    Updated May 1, 2025
    + more versions
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    Government of Canada, Statistics Canada (2025). Gross domestic product (GDP) at basic prices, by industry, provinces and territories, growth rates (x 1,000,000) [Dataset]. http://doi.org/10.25318/3610040201-eng
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    Dataset updated
    May 1, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

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

  7. T

    Canada GDP Annual Growth Rate

    • tradingeconomics.com
    • ar.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Canada GDP Annual Growth Rate [Dataset]. https://tradingeconomics.com/canada/gdp-growth-annual
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    csv, excel, xml, jsonAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1962 - Jun 30, 2025
    Area covered
    Canada
    Description

    The Gross Domestic Product (GDP) in Canada expanded 1.20 percent in the second 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.

  8. Gross domestic product (GDP) at basic prices, by industry, annual average (x...

    • www150.statcan.gc.ca
    Updated Sep 26, 2025
    + more versions
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    Government of Canada, Statistics Canada (2025). Gross domestic product (GDP) at basic prices, by industry, annual average (x 1,000,000) [Dataset]. http://doi.org/10.25318/3610043401-eng
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    Dataset updated
    Sep 26, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    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.

  9. Canada: real Gross Domestic Product (GDP) 2023, by province

    • statista.com
    Updated Jan 23, 2025
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    Statista (2025). Canada: real Gross Domestic Product (GDP) 2023, by province [Dataset]. https://www.statista.com/statistics/463905/canada-real-gross-domestic-product-by-province/
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    Dataset updated
    Jan 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2023
    Area covered
    Canada
    Description

    This graph shows the real Gross Domestic Product (GDP) of Canada in 2023, by province. In 2023, Ontario added about 852.7 billion chained (2017) Canadian dollars of value to the real GDP of Canada.

  10. k

    World Competitiveness Ranking based on Criteria

    • datasource.kapsarc.org
    Updated Mar 13, 2024
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    (2024). World Competitiveness Ranking based on Criteria [Dataset]. https://datasource.kapsarc.org/explore/dataset/world-competitiveness-ranking-based-on-criteria-2016/
    Explore at:
    Dataset updated
    Mar 13, 2024
    Description

    Explore the World Competitiveness Ranking dataset for 2016, including key indicators such as GDP per capita, fixed telephone tariffs, and pension funding. Discover insights on social cohesion, scientific research, and digital transformation in various countries.

    Social cohesion, The image abroad of your country encourages business development, Scientific articles published by origin of author, International Telecommunication Union, World Telecommunication/ICT Indicators database, Data reproduced with the kind permission of ITU, National sources, Fixed telephone tariffs, GDP (PPP) per capita, Overall, Exports of goods - growth, Pension funding is adequately addressed for the future, Companies are very good at using big data and analytics to support decision-making, Gross fixed capital formation - real growth, Economic Performance, Scientific research legislation, Percentage of GDP, Health infrastructure meets the needs of society, Estimates based on preliminary data for the most recent year., Singapore: including re-exports., Value, Laws relating to scientific research do encourage innovation, % of GDP, Gross Domestic Product (GDP), Health Infrastructure, Digital transformation in companies is generally well understood, Industrial disputes, EE, Female / male ratio, State ownership of enterprises, Total expenditure on R&D (%), Score, Colombia, Estimates for the most recent year., Percentage change, based on US$ values, Number of listed domestic companies, Tax evasion is not a threat to your economy, Scientific articles, Tax evasion, % change, Use of big data and analytics, National sources, Disposable Income, Equal opportunity, Listed domestic companies, Government budget surplus/deficit (%), Pension funding, US$ per capita at purchasing power parity, Estimates; US$ per capita at purchasing power parity, Image abroad or branding, Equal opportunity legislation in your economy encourages economic development, Number, Article counts are from a selection of journals, books, and conference proceedings in S&E from Scopus. Articles are classified by their year of publication and are assigned to a region/country/economy on the basis of the institutional address(es) listed in the article. Articles are credited on a fractional-count basis. The sum of the countries/economies may not add to the world total because of rounding. Some publications have incomplete address information for coauthored publications in the Scopus database. The unassigned category count is the sum of fractional counts for publications that cannot be assigned to a country or economy. Hong Kong: research output items by the higher education institutions funded by the University Grants Committee only., State ownership of enterprises is not a threat to business activities, Protectionism does not impair the conduct of your business, Digital transformation in companies, Total final energy consumption per capita, Social cohesion is high, Rank, MTOE per capita, Percentage change, based on constant prices, US$ billions, National sources, World Trade Organization Statistics database, Rank, Score, Value, World Rankings

    Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Kingdom, Venezuela

    Follow data.kapsarc.org for timely data to advance energy economics research.

  11. T

    Canada Productivity

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 4, 2025
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    TRADING ECONOMICS (2025). Canada Productivity [Dataset]. https://tradingeconomics.com/canada/productivity
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    excel, json, xml, csvAvailable download formats
    Dataset updated
    Jun 4, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1981 - Jun 30, 2025
    Area covered
    Canada
    Description

    Productivity in Canada increased to 102.23 points in the first quarter of 2025 from 102.06 points in the fourth quarter of 2024. This dataset provides - Canada Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  12. C

    Canada GOI: Total Rank

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Canada GOI: Total Rank [Dataset]. https://www.ceicdata.com/en/canada/global-oportunity-index/goi-total-rank
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2017 - Dec 1, 2019
    Area covered
    Canada
    Description

    Canada GOI: Total Rank data was reported at 13.000 NA in 2019. This records an increase from the previous number of 3.000 NA for 2018. Canada GOI: Total Rank data is updated yearly, averaging 10.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 13.000 NA in 2019 and a record low of 3.000 NA in 2018. Canada GOI: Total Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Canada – Table CA.Milken: Global Oportunity Index.

  13. C

    Canada GOI: Weighted Rank

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Canada GOI: Weighted Rank [Dataset]. https://www.ceicdata.com/en/canada/global-oportunity-index/goi-weighted-rank
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2017 - Dec 1, 2019
    Area covered
    Canada
    Description

    Canada GOI: Weighted Rank data was reported at 13.000 NA in 2019. This records a decrease from the previous number of 15.000 NA for 2018. Canada GOI: Weighted Rank data is updated yearly, averaging 15.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 16.000 NA in 2017 and a record low of 13.000 NA in 2019. Canada GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Canada – Table CA.Milken: Global Oportunity Index.

  14. Gross domestic product per capita of G7 countries 2000-2024

    • statista.com
    • tokrwards.com
    • +1more
    Updated Sep 1, 2025
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    Statista (2025). Gross domestic product per capita of G7 countries 2000-2024 [Dataset]. https://www.statista.com/statistics/1370625/g7-country-gdp-levels-per-capita/
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    Dataset updated
    Sep 1, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide, France, Japan, United States, Canada, United Kingdom, Italy, Germany
    Description

    The GDP per capita overall increased in all seven G7 countries since 2000 except *****. There, it fluctuated over the period, being only slightly higher in 2024 than in 2000. The ************* had the highest GDP per capita of the countries at over ****** dollars in terms of purchasing-power-parity (PPP). ******* had the second highest GDP per capita.

  15. G

    Economic freedom, overall index by country, around the world |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated May 9, 2025
    + more versions
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    Globalen LLC (2016). Economic freedom, overall index by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/economic_freedom/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    May 9, 2025
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2025
    Area covered
    World
    Description

    The average for 2025 based on 174 countries was 60 index points. The highest value was in Singapore: 84 index points and the lowest value was in North Korea: 3 index points. The indicator is available from 1995 to 2025. Below is a chart for all countries where data are available.

  16. C

    Canada Innovation index - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 25, 2015
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    Globalen LLC (2015). Canada Innovation index - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Canada/GII_Index/
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    csv, xml, excelAvailable download formats
    Dataset updated
    Apr 25, 2015
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 2011 - Dec 31, 2025
    Area covered
    Canada
    Description

    Canada: Innovations index (0-100): The latest value from 2025 is 51.1 points, a decline from 52.9 points in 2024. In comparison, the world average is 31.49 points, based on data from 139 countries. Historically, the average for Canada from 2011 to 2025 is 54.13 points. The minimum value, 50.8 points, was reached in 2022 while the maximum of 57.6 points was recorded in 2013.

  17. G

    GDP per capita, PPP in G7 | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 30, 2021
    + more versions
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    Globalen LLC (2021). GDP per capita, PPP in G7 | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/gdp_per_capita_ppp/G7/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Jan 30, 2021
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1990 - Dec 31, 2024
    Area covered
    World
    Description

    The average for 2024 based on 7 countries was 57316 U.S. dollars. The highest value was in the USA: 75492 U.S. dollars and the lowest value was in Japan: 46097 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

  18. Study by the Canadian Centre for Living Standards, commissioned by the...

    • open.canada.ca
    html
    Updated Jun 13, 2025
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    Global Affairs Canada (2025). Study by the Canadian Centre for Living Standards, commissioned by the Office of the Chief Economist [Dataset]. https://open.canada.ca/data/info/e6ff9e9e-a75e-4167-9cc9-46a6940c18b2
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    htmlAvailable download formats
    Dataset updated
    Jun 13, 2025
    Dataset provided by
    Global Affairs Canadahttp://www.international.gc.ca/
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Area covered
    Canada
    Description

    Since 2003, the World Bank publishes the Ease of Doing Business (EDB) Index aimed at measuring the regulatory efficiency and institutional quality of key processes that affect the business environment in a given economy. While highly influential, particularly in the developing world, the EDB has also been faced with criticism and at times controversies. In 2020, the World Bank decided to interrupt temporarily the publication of the EDB report as a result of an audit that revealed politically motivated manipulation of EDB rankings. Over time, Canada’s relative rankings fell from 4th in 2007 to 23rd in 2020 with no significant changes in its business environments or policies. Canada’s rank fall can only be partially explained as other economies such as Georgia and Mauritius surpassed Canada with higher overall rankings. To understand the underlying causes of Canada’s rank declining, the Office of the Chief Economist (OCE) commissioned a study to look at Canada’s performance in all 10 areas of the EDB Index. The study also looked at other competitiveness and economic freedom indices (e.g. IMD World Competitiveness Index, World Economic Forum Global Competitiveness report and the Fraser Institute Index of Economic Freedom) and found no such decline in Canada`s performance.

  19. School board expenditures, by function and economic classification (x 1,000)...

    • www150.statcan.gc.ca
    Updated Feb 5, 2025
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    Government of Canada, Statistics Canada (2025). School board expenditures, by function and economic classification (x 1,000) [Dataset]. http://doi.org/10.25318/3710006401-eng
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    Dataset updated
    Feb 5, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    Financial information of school board expenditures, by geography, function and classification.

  20. Real GDP of Canada 2000-2023

    • statista.com
    Updated Jan 23, 2025
    + more versions
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    Statista (2025). Real GDP of Canada 2000-2023 [Dataset]. https://www.statista.com/statistics/650869/real-gdp-canada/
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    Dataset updated
    Jan 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Canada
    Description

    In 2023, the real GDP of Canada was around 1.89 trillion Canadian dollars at 2017 constant prices. Compared to the previous year, Canada's GDP increased. Constant prices adjust for the effect of inflation on the underlying goods and services used to calculate GDP, thereby enabling the GDP figure to reflect actual changes in output.

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Statista (2025). Gross domestic product (GDP) in Canada 2030 [Dataset]. https://www.statista.com/statistics/263574/gross-domestic-product-gdp-in-canada/
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Gross domestic product (GDP) in Canada 2030

Explore at:
5 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
May 21, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Canada
Description

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.

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