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.

GDP Constant Prices in Canada increased to 2456239 CAD Million in the first quarter of 2025 from 2442817 CAD Million in the fourth quarter of 2024. This dataset provides - Canada GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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 CA: Ref. Year = 2012: Real Gross Domestic Product (GDP): Per Capita: PPP data was reported at 0.000 CAD bn in 2025. This records an increase from the previous number of 0.000 CAD bn for 2024. Canada CA: Ref. Year = 2012: Real Gross Domestic Product (GDP): Per Capita: PPP data is updated yearly, averaging 0.000 CAD bn from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 0.000 CAD bn in 2019 and a record low of 0.000 CAD bn in 1970. Canada CA: Ref. Year = 2012: Real Gross Domestic Product (GDP): Per Capita: PPP 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: Per Capita: Forecast: OECD Member: Annual. GDPV_CAP - Gross domestic product per capita volumeExpenditure approach OECD calculation, see OECD Economic Outlook database documentation

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.

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 GDP for 2023 was 2.142 trillion US dollars, a 0.88% decline from 2022.

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

<li>Canada GDP for 2022 was <strong>2.161 trillion US dollars</strong>, a <strong>7.67% increase</strong> from 2021.</li>
<li>Canada GDP for 2021 was <strong>2.007 trillion US dollars</strong>, a <strong>21.25% increase</strong> from 2020.</li>
<li>Canada GDP for 2020 was <strong>1.656 trillion US dollars</strong>, a <strong>5.05% decline</strong> from 2019.</li>
</ul>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 current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Canada GDP per capita for 2023 was $53,431, a 3.74% decline from 2022.

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

<li>Canada GDP per capita for 2022 was <strong>$55,509</strong>, a <strong>5.74% increase</strong> from 2021.</li>
<li>Canada GDP per capita for 2021 was <strong>$52,497</strong>, a <strong>20.58% increase</strong> from 2020.</li>
<li>Canada GDP per capita for 2020 was <strong>$43,538</strong>, a <strong>6.07% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. 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. Data are in current U.S. dollars.

This statistic shows a comparison of gross domestic product (GDP) of Canada and the United States from 2020 to 2030 in billion U.S. dollars. In 2024, GDP of Canada amounted to about 2.24 trillion U.S. dollars and GDP of the United States amounted to about 29.18 trillion U.S. dollars. Thus, aggregated GDP for North America came to about 31.43 trillion U.S. dollars that year.

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

Canada GDP: Private Final Consumption Expenditure data was reported at 440,146.000 CAD mn in Dec 2024. This records an increase from the previous number of 433,391.000 CAD mn for Sep 2024. Canada GDP: Private Final Consumption Expenditure data is updated quarterly, averaging 105,026.000 CAD mn from Mar 1961 (Median) to Dec 2024, with 256 observations. The data reached an all-time high of 440,146.000 CAD mn in Dec 2024 and a record low of 6,006.000 CAD mn in Mar 1961. Canada GDP: Private Final Consumption Expenditure 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.MEI: Gross Domestic Product: OECD Member: Quarterly.

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.

Graph and download economic data for Real Gross Domestic Product for Canada (NGDPRSAXDCCAQ) from Q1 1961 to Q1 2025 about Canada, real, and GDP.

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.

Canada GDP: Changes in Inventories data was reported at 2,802.000 CAD mn in Dec 2024. This records a decrease from the previous number of 25,264.000 CAD mn for Sep 2024. Canada GDP: Changes in Inventories data is updated quarterly, averaging 86.000 CAD mn from Mar 1961 (Median) to Dec 2024, with 256 observations. The data reached an all-time high of 48,810.000 CAD mn in Sep 2022 and a record low of -20,105.000 CAD mn in Jun 2020. Canada GDP: Changes in Inventories 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.MEI: Gross Domestic Product: OECD Member: Quarterly.

Canada GDP: 2017p: saar: MO: Mining & Quarrying: NM: Stone Mining & Quarrying data was reported at 1,384.000 CAD mn in Dec 2024. This records an increase from the previous number of 1,382.000 CAD mn for Nov 2024. Canada GDP: 2017p: saar: MO: Mining & Quarrying: NM: Stone Mining & Quarrying data is updated monthly, averaging 934.000 CAD mn from Jan 1997 (Median) to Dec 2024, with 336 observations. The data reached an all-time high of 1,384.000 CAD mn in Dec 2024 and a record low of 552.000 CAD mn in Feb 1998. Canada GDP: 2017p: saar: MO: Mining & Quarrying: NM: Stone Mining & Quarrying data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.A026: CSMA: GDP by Industry: 2017 Price: saar.

Canada GDP: Imports Of Goods And Services data was reported at 255,811.000 CAD mn in Dec 2024. This records an increase from the previous number of 252,784.000 CAD mn for Sep 2024. Canada GDP: Imports Of Goods And Services data is updated quarterly, averaging 50,255.500 CAD mn from Mar 1961 (Median) to Dec 2024, with 256 observations. The data reached an all-time high of 255,811.000 CAD mn in Dec 2024 and a record low of 1,649.000 CAD mn in Mar 1961. Canada GDP: Imports Of Goods And Services 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.MEI: Gross Domestic Product: OECD Member: Quarterly.

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: PPP Conversion Factor: GDP data was reported at 1.142 CAD/Intl $ in 2024. This records an increase from the previous number of 1.135 CAD/Intl $ for 2023. Canada CA: PPP Conversion Factor: GDP data is updated yearly, averaging 1.214 CAD/Intl $ from Dec 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 1.248 CAD/Intl $ in 2015 and a record low of 1.135 CAD/Intl $ in 2023. Canada CA: PPP Conversion Factor: GDP 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: Purchasing Power Parity. Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for GDP.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;;