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.

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.

The Economic and Fiscal Snapshot 2020 lays out the steps Canada is taking to stabilize the economy and protect the health and economic well-being of Canadians and businesses across the country during the public health and economic crisis linked to the COVID-19 pandemic.

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.

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.

Canada GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data was reported at -2.576 % in 30 Jan 2022. This records a decrease from the previous number of -1.588 % for 23 Jan 2022. Canada GDP Counterfactual Tracker: % Change from Pre-Crisis Trend data is updated weekly, averaging -4.192 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of -0.729 % in 14 Nov 2021 and a record low of -13.371 % in 24 May 2020. Canada GDP Counterfactual Tracker: % Change from Pre-Crisis Trend 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.

Articles in the Economic Insights series highlight issues related to the growth and development of Canada's economy. In some cases, these articles synthesize the results of previous research carried out by Statistics Canada; in others, they provide contextual information that accompanies the release of new data. The Economic Insights series features concise examinations of economic events, trends, and important structural changes in the economy.

According to a survey conducted in May 2023 in Canada, around ** 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 ** percent of the ** and older who believed the same.

The statistic shows the unemployment rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, the unemployment rate in Canada was at around 5.41 percent. Canada’s economy Three-quarter of Canada’s workforce is employed in the services sector, with the other two sectors, agriculture and industry, accounting for the rest of Canada’s employment. The country’s main export and import partner is the United States. Although both export and import figures have increased over the last few years, the trade balance of goods in Canada – i.e. the value of Canada’s exports minus the value of its imports – has slumped dramatically since the economic crisis hit in 2008. In 2009, for the first time in a decade, Canada reported a trade deficit, and the figures are still struggling to recover. Additionally, Canada’s public debt has been increasing since the crisis. Although a few key figures are still not back to the usual level, Canada and its economy seem to have more or less bounced back from the crisis; as can be seen above, the unemployment rate is gradually decreasing, for example, and gross domestic product / GDP in Canada has been increasing steadily. Canada is thus among the countries with the largest proportion of global gross domestic product / GDP based on Purchasing Power Parity. Canada is among the leading trading nations worldwide, and an important part of its economy is the export of oil. The country hosts significant oil resources, in fact, its capacity is the third-largest after those of Saudi Arabia and Venezuela.

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.

Key information about Canada Real GDP Growth

• The Gross Domestic Product (GDP) in Canada expanded 2.1 % YoY in Dec 2022, following a growth of 3.8 % in the previous quarter.
• Real GDP Growth YoY data in Canada is updated quarterly, available from Mar 1962 to Dec 2022, with an average rate of 3.1 %.
• The data reached an all-time high of 12.1 % in Jun 2021 and a record low of -12.2 % in Jun 2020.

• In the latest reports, Nominal GDP of Canada reached 513.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 4.2 % in Dec 2022.
• GDP Per Capita in Canada 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.

This dataset is about book subjects. It has 3 rows and is filtered where the books is Canada in the new global economy : problems and policies. It features 10 columns including number of authors, number of books, earliest publication date, and latest publication date.

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.

Replication data for peer-reviewed article published in Journal of Applied Econometrics. Paper published online December 11, 2019.

Gross Domestic Product (GDP) is a measure of the economic production which takes place within the geographical boundaries of a province or country. It can be measured at basic prices (by industry) or at market prices.

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.

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

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

The Gross Domestic Product (GDP) in Canada expanded 2.30 percent in the first 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.

While the value of agriculture to the Canadian economy is well established, its extensive indirect and induced value through upstream and downstream industries is not. Input-Output (I/O) analyzes are a common tool that measure the direct, indirect and induced impacts of an industry to the entire economy. We reviewed I/O analyzes that used economic multipliers to estimate the total contribution of agricultural industries to Canada's economy. Reports underwent data extraction for output, Gross Domestic Product (GDP), jobs, labor income and taxes generated. We found that when indirect and induced economic impacts are considered, the value of agricultural industries is much greater than traditional valuations indicate. Beef and canola were the two largest industries in terms of GDP and jobs, with direct impacts constituting less than half of their total impacts. Recent and thorough I/O analyzes are available for only a limited number of agricultural industries. There is a need for I/O analyzes covering key agricultural industries at the regional and national level using uniform methodology and recent data and multipliers. This information is essential to gain a systemic understanding of the true economic value of agriculture and to inform policies and investment that maximizes the potential of agricultural industries.

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;