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 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

Canada CA: Potential Output of Total Economy data was reported at 3,248.280 CAD bn in 2026. This records an increase from the previous number of 3,145.648 CAD bn for 2025. Canada CA: Potential Output of Total Economy data is updated yearly, averaging 1,416.071 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 3,248.280 CAD bn in 2026 and a record low of 496.452 CAD bn in 1985. Canada CA: Potential Output 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. GDPTR - Potential output, nominal value OECD calculation, see OECD Economic Outlook database documentation

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 ratio of national debt to gross domestic product (GDP) of Canada was approximately 110.77 percent in 2024. Between 1980 and 2024, the ratio rose by around 66.18 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 6.66 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Canada CA: Exports: High-Income Economies: % of Total Goods Exports data was reported at 90.649 % in 2023. This records a decrease from the previous number of 90.831 % for 2022. Canada CA: Exports: High-Income Economies: % of Total Goods Exports data is updated yearly, averaging 92.310 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 96.772 % in 1999 and a record low of 89.479 % in 2020. Canada CA: Exports: High-Income Economies: % of Total Goods Exports 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 high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed 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;

Individual poverty status using the Market Basket Measure (MBM) by family characteristics (couple, one-parent, presence of children).

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;

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;

The Labour Force Survey provides estimates of employment and unemployment which are among the timeliest and important measures of performance of the Canadian economy. With the release of the survey results only 10 days after the completion of data collection, the LFS estimates are the first of the major monthly economic data series to be released. The Canadian Labour Force Survey was developed following the Second World War to satisfy a need for reliable and timely data on the labour market. Information was urgently required on the massive labour market changes involved in the transition from a war to a peace-time economy. The main objective of the LFS is to divide the working-age population into three mutually exclusive classifications - employed, unemployed, and not in the labour force - and to provide descriptive and explanatory data on each of these. LFS data are used to produce the well-known unemployment rate as well as other standard labour market indicators such as the employment rate and the participation rate. The LFS also provides employment estimates by industry, occupation, public and private sector, hours worked and much more, all cross-classifiable by a variety of demographic characteristics. Estimates are produced for Canada, the provinces, the territories and a large number of sub-provincial regions. For employees, wage rates, union status, job permanency and workplace size are also produced. These data are used by different levels of government for evaluation and planning of employment programs in Canada. Regional unemployment rates are used by Employment and Social Development Canada to determine eligibility, level and duration of insurance benefits for persons living within a particular employment insurance region. The data are also used by labour market analysts, economists, consultants, planners, forecasters and academics in both the private and public sector.This public use microdata file contains non-aggregated data for a wide variety of variables collected from the Labour Force Survey (LFS). It contains both personal characteristics for all individuals in the household and detailed labour force characteristics for household members 15 years of age and over. The personal characteristics include age, sex, marital status, educational attainment, and family characteristics. Detailed labour force characteristics include employment information such as class of worker, usual and actual hours of work, employee hourly and weekly wages, industry and occupation of current or most recent job, public and private sector, union status, paid or unpaid overtime hours, job permanency, hours of work lost, job tenure, and unemployment information such as duration of unemployment, methods of job search and type of job sought. Labour force characteristics are also available for students during the school year and during the summer months as well as school attendance whether full or part-time and the type of institution.LFS revisions: Labour force surveys are revised on a periodic basis, either to adopt the most recent geography, industry and occupation classifications; to use new observations to fine-tune seasonal adjustment factors; or to introduce methodological enhancement. Prior LFS revisions were conducted in 2011, 2015 and 2021. The most recent revisions to the LFS were conducted in 2023. The first major change was a transition to the National Occupational Classification (NOC) 2021 V1.0, with all LFS series from 1987 onwards having been revised to the new classification. The second major change were methodological enhancements to LFS data processing, applied to all LFS series beginning Jan 2006. The third major change was a revision of seasonal adjustment factors, applied to LFS series Jan 2002 onward. A list of prior versions of this LFS dataset can be found under the ‘Versions’ tab.

Data on knowledge of languages by generation status, mother tongue, age and gender for the population in private households of Canada, provinces and territories and economic regions.

Canada CA: General Government: % of GDP: Gross Financial Liabilities data was reported at 106.477 Ratio in Dec 2026. This records an increase from the previous number of 106.448 Ratio for Sep 2026. Canada CA: General Government: % of GDP: Gross Financial Liabilities data is updated quarterly, averaging 84.386 Ratio from Mar 1970 (Median) to Dec 2026, with 228 observations. The data reached an all-time high of 128.843 Ratio in Dec 2020 and a record low of 44.390 Ratio in Dec 1976. Canada CA: General Government: % of GDP: Gross Financial Liabilities 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. GGFLQ-General government gross financial liabilities, 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

Canada CA: General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario data was reported at 110.063 Ratio in Dec 2021. This records a decrease from the previous number of 110.081 Ratio for Sep 2021. Canada CA: General Government: % of GDP: Gross Financial Liabilities: Double Hit Scenario data is updated quarterly, averaging 78.556 Ratio from Mar 1970 (Median) to Dec 2021, with 208 observations. The data reached an all-time high of 110.081 Ratio in Sep 2021 and a record low of 43.414 Ratio in Dec 1976. Canada CA: General Government: % of GDP: Gross Financial Liabilities: 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. GGFLQ-General government gross financial liabilities, 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

Canada CA: General Government: % of GDP: Primary Balance: Double Hit Scenario data was reported at -3.183 % in Dec 2021. This records an increase from the previous number of -3.917 % for Sep 2021. Canada CA: General Government: % of GDP: Primary Balance: Double Hit Scenario data is updated quarterly, averaging -0.601 % from Mar 1970 (Median) to Dec 2021, with 208 observations. The data reached an all-time high of 6.829 % in Sep 1999 and a record low of -14.299 % in Dec 2020. Canada CA: General Government: % of GDP: Primary Balance: 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. NLGXQ - General government primary balance, as a percentage of GDPGeneral government net lending excluding net interest payments OECD calculation, see OECD Economic Outlook, Database Inventory OECD Economic Outlook, Database Inventory:https://www.oecd.org/eco/outlook/Database_Inventory.pdf

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;

Canada CA: Trade Balance: Advanced Economies: United States data was reported at 7.121 USD bn in May 2018. This records an increase from the previous number of 6.448 USD bn for Apr 2018. Canada CA: Trade Balance: Advanced Economies: United States data is updated monthly, averaging 814.400 USD mn from Jan 1960 (Median) to May 2018, with 701 observations. The data reached an all-time high of 14.140 USD bn in Jul 2008 and a record low of -944.500 USD mn in Apr 1980. Canada CA: Trade Balance: Advanced Economies: United States 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.DOT: Trade Balance: by Country: Monthly.

Canada CA: General Government: % of GDP: Financial Liabilities data was reported at 9.554 Ratio in Dec 2026. This records an increase from the previous number of 9.525 Ratio for Sep 2026. Canada CA: General Government: % of GDP: Financial Liabilities data is updated quarterly, averaging 28.756 Ratio from Mar 1970 (Median) to Dec 2026, with 228 observations. The data reached an all-time high of 75.230 Ratio in Dec 1996 and a record low of 4.754 Ratio in Sep 2023. Canada CA: General Government: % of GDP: Financial Liabilities 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. GNFLQ-General government net financial liabilities, as a percentage of GDP

Canada CA: GDP: USD: Exports of Goods and Services data was reported at 714.928 USD bn in 2023. This records a decrease from the previous number of 731.555 USD bn for 2022. Canada CA: GDP: USD: Exports of Goods and Services data is updated yearly, averaging 155.724 USD bn from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 731.555 USD bn in 2022 and a record low of 7.216 USD bn in 1961. Canada CA: GDP: USD: Exports of Goods and Services 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: Nominal. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

Canada CA: Trade Balance: Advanced Economies: Ireland data was reported at -599.711 USD mn in Mar 2018. This records a decrease from the previous number of -398.458 USD mn for Dec 2017. Canada CA: Trade Balance: Advanced Economies: Ireland data is updated quarterly, averaging -27.060 USD mn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 18.400 USD mn in Jun 1988 and a record low of -629.769 USD mn in Jun 2006. Canada CA: Trade Balance: Advanced Economies: Ireland 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.DOT: Trade Balance: by Country: Quarterly.

Canada GDP Nowcast: saar: YoY: Current Quarter data was reported at 1.943 % in 12 May 2025. This records an increase from the previous number of 1.918 % for 05 May 2025. Canada GDP Nowcast: saar: YoY: Current Quarter data is updated weekly, averaging 2.477 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 9.495 % in 23 Aug 2021 and a record low of -8.893 % in 24 Aug 2020. Canada GDP Nowcast: saar: YoY: Current Quarter data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).