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.

Canada GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High data was reported at -0.325 % in 30 Jan 2022. This records a decrease from the previous number of 1.404 % for 23 Jan 2022. Canada GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High data is updated weekly, averaging -2.325 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 1.404 % in 23 Jan 2022 and a record low of -9.373 % in 24 May 2020. Canada GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High 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.

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

Canada gdp growth rate for 2023 was 1.25%, a 2.57% decline from 2022.

<ul style='margin-top:20px;'>

<li>Canada gdp growth rate for 2022 was <strong>3.82%</strong>, a <strong>1.47% decline</strong> from 2021.</li>
<li>Canada gdp growth rate for 2021 was <strong>5.29%</strong>, a <strong>10.33% increase</strong> from 2020.</li>
<li>Canada gdp growth rate for 2020 was <strong>-5.04%</strong>, a <strong>6.95% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 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.

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.

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.

In 2023, the growth rate of the real gross domestic product in Canada amounted to 1.25 percent. Between 1961 and 2023, the figure dropped by 1.91 percentage points, though the decline followed an uneven course rather than a steady trajectory.

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.

Canada TSX: Trade: Declines data was reported at 13,650.000 Unit in Feb 2019. This records a decrease from the previous number of 15,403.000 Unit for Jan 2019. Canada TSX: Trade: Declines data is updated monthly, averaging 16,064.000 Unit from May 2002 (Median) to Feb 2019, with 202 observations. The data reached an all-time high of 21,671.000 Unit in Oct 2018 and a record low of 10,313.000 Unit in Aug 2002. Canada TSX: Trade: Declines data remains active status in CEIC and is reported by Toronto Stock Exchange. The data is categorized under Global Database’s Canada – Table CA.Z003: Toronto Stock Exchange: Trade.

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.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Canada amounted to approximately 1.34 percent. Between 1980 and 2024, the figure dropped by around 0.86 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the share will steadily decline by about 0.11 percentage points from 2024 to 2030.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Canada: Informal economy, DGE method: The latest value from 2020 is 13.9 percent, a decline from 14.1 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Canada from 1990 to 2020 is 15.42 percent. The minimum value, 13.9 percent, was reached in 2020 while the maximum of 16.8 percent was recorded in 1990.

The Gross Domestic Product (GDP) in Canada expanded 0.50 percent in the first 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.

Money Supply M0 in Canada decreased to 220343 CAD Million in May from 226781 CAD Million in April of 2025. This dataset provides - Canada Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The gross domestic product (GDP) of all G7 countries decreased sharply in 2009 and 2020 due to the financial crisis and COVID-19 pandemic, respectively. The growth decline was heavier after the COVID-19 pandemic than the financial crisis. Moreover, Italy had a negative GDP growth rate in 2012 and 2013 following the euro crisis. In 2023, Germany experienced an economic recession.

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 TSX/Venture Exchange: Trade: Declines data was reported at 6,950.000 Unit in Feb 2019. This records a decrease from the previous number of 7,598.000 Unit for Jan 2019. Canada TSX/Venture Exchange: Trade: Declines data is updated monthly, averaging 7,356.000 Unit from May 2002 (Median) to Feb 2019, with 202 observations. The data reached an all-time high of 12,769.000 Unit in Mar 2011 and a record low of 3,045.000 Unit in Aug 2002. Canada TSX/Venture Exchange: Trade: Declines data remains active status in CEIC and is reported by Toronto Stock Exchange. The data is categorized under Global Database’s Canada – Table CA.Z003: Toronto Stock Exchange: Trade.

GDP, billion currency units in Canada, March, 2025 The most recent value is 757.58 billion Canadian Dollar as of Q1 2025, a decline compared to the previous value of 798.84 billion Canadian Dollar. Historically, the average for Canada from Q1 1961 to Q1 2025 is 246.57 billion Canadian Dollar. The minimum of 9.51 billion Canadian Dollar was recorded in Q1 1961, while the maximum of 800.82 billion Canadian Dollar was reached in Q3 2024. | TheGlobalEconomy.com

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.