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.

Monthly GDP MoM in Canada increased to 0.10 percent in June from -0.10 percent in May of 2025. This dataset includes a chart with historical data for Canada Monthly GDP MoM.

Gross Domestic Product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, monthly, 5 most recent time periods.

GDP Growth Annualized in Canada increased to 2.20 percent in the first quarter of 2025 from 2.10 percent in the fourth quarter of 2024. This dataset provides - Canada Gdp Growth Annualized - 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.

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

This table contains 114 series, with data for years 1919 - 1971 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Industry (114 items: Real domestic product; Agriculture; Forestry; Fishing and trapping; ...).

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 National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Canada (CANGDPNADSMEI) from 1961 to 2022 about Canada, GDP, and price.

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.

Canada CA: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 12.034 % in 2022. This records an increase from the previous number of -8.690 % for 2021. Canada CA: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 1.975 % from Dec 1998 (Median) to 2022, with 25 observations. The data reached an all-time high of 17.085 % in 2013 and a record low of -8.690 % in 2021. Canada CA: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing 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. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

Quarterly expenditure-based, gross domestic product, Canada, in chained (2017) and current dollars.

Key information about Canada Nominal GDP

• Canada Nominal GDP reached 513.5 USD bn in Dec 2022, compared with 537.3 USD bn in the previous quarter.
• Nominal GDP in Canada is updated quarterly, available from Mar 1957 to Dec 2022, with an average number of 143.4 USD bn.
• The data reached an all-time high of 553.5 USD bn in Jun 2022 and a record low of 8.8 USD bn in Mar 1958.

CEIC converts quarterly de-annualised Nominal GDP into USD. Statistics Canada provides annualised Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1961 is sourced from the International Monetary Fund.


Related information about Canada Nominal GDP

• In the latest reports, Canada GDP expanded 2.1 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 4.2 % in Dec 2022.
• Canada GDP Per Capita reached 54,104.3 USD in Jun 2022.
• Its Gross Savings Rate was measured at 23.4 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 23.1 % in Dec 2022.
• Public Consumption accounted for 21.0 % in Dec 2022.
• Private Consumption accounted for 55.6 % in Dec 2022.

Canada: GDP per capita, constant dollars: The latest value from 2023 is 44388.4 U.S. dollars, a decline from 45227.14 U.S. dollars in 2022. In comparison, the world average is 14679.80 U.S. dollars, based on data from 180 countries. Historically, the average for Canada from 1960 to 2023 is 32142.27 U.S. dollars. The minimum value, 15432.47 U.S. dollars, was reached in 1960 while the maximum of 45227.14 U.S. dollars was recorded in 2022.

Vintages of releases of gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by industry, volume measures, monthly.

Graph and download economic data for Gross Domestic Product for Canada (MKTGDPCAA646NWDB) from 1960 to 2024 about Canada and GDP.

Graph and download economic data for Gross Domestic Product Per Capita for Canada (PCAGDPCAA646NWDB) from 1960 to 2024 about Canada, per capita, and GDP.

GDP (current US$) in Canada was reported at 2241253230970 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Canada CA: GDP: Growth data was reported at 1.249 % in 2023. This records a decrease from the previous number of 3.820 % for 2022. Canada CA: GDP: Growth data is updated yearly, averaging 3.091 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 7.428 % in 1962 and a record low of -5.038 % in 2020. Canada CA: GDP: Growth 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. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada (NAEXKP01CAA657S) from 1962 to 2024 about Canada, real, and GDP.