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 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.

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.

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.

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 July of 2025.

Canada: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 2241.25 billion U.S. dollars, an increase from 2173.34 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Canada from 1960 to 2024 is 779.26 billion U.S. dollars. The minimum value, 40.56 billion U.S. dollars, was reached in 1960 while the maximum of 2241.25 billion U.S. dollars was recorded in 2024.

The statistic shows the gross domestic product (GDP) per capita in Canada from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product per capita in Canada was around 53,607.4 U.S. dollars. Canada's economy GDP per capita is a measurement often used to determine economic growth and potential increases in productivity and is calculated by taking the GDP and dividing it by the total population in the country. In 2014, Canada had one of the largest GDP per capita values in the world, a value that has grown continuously since 2010 after experiencing a slight downturn due to the financial crisis of 2008. Canada is seen as one of the premier countries in the world, particularly due to its strong economy and healthy international relations, most notably with the United States. Canada and the United States have political, social and economical similarities that further strengthen their relationship. The United States was and continues to be Canada’s primary and most important trade partner and vice versa. Canada’s economy is partly supported by its exports, most notably crude oil, which was the country’s largest export category. Canada was also one of the world’s leading oil exporters in 2013, exporting more than the United States. Additionally, Canada was also a major exporter of goods such as motor vehicles and mechanical appliances, which subsequently ranked the country as one of the world’s top export countries in 2013.

GDP per capita (current US$) in Canada was reported at 54283 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - GDP per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

GDP, PPP (current international $) in Canada was reported at 2702879648010 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

GDP: USD: Seasonally Adjusted data was reported at 2,240.289 USD bn in 2024. This records an increase from the previous number of 2,174.077 USD bn for 2023. GDP: USD: Seasonally Adjusted data is updated yearly, averaging 1,246.952 USD bn from Dec 1987 (Median) to 2024, with 38 observations. The data reached an all-time high of 2,240.289 USD bn in 2024 and a record low of 433.144 USD bn in 1987. GDP: USD: Seasonally Adjusted 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.GEM: Gross Domestic Products: Nominal: Annual.

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

The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

Canada: GDP per capita, Purchasing Power Parity: The latest value from 2024 is 56692 U.S. dollars, a decline from 57517 U.S. dollars in 2023. In comparison, the world average is 27291 U.S. dollars, based on data from 177 countries. Historically, the average for Canada from 1990 to 2024 is 50483 U.S. dollars. The minimum value, 39023 U.S. dollars, was reached in 1992 while the maximum of 58321 U.S. dollars was recorded in 2022.

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.

GDP per capita (constant 2015 US$) in Canada was reported at 44402 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2025, Luxembourg was the country with the highest gross domestic product per capita in the world. Of the 20 listed countries, 13 are in Europe and five are in Asia, alongside the U.S. and Australia. There are no African or Latin American countries among the top 20. Correlation with high living standards While GDP is a useful indicator for measuring the size or strength of an economy, GDP per capita is much more reflective of living standards. For example, when compared to life expectancy or indices such as the Human Development Index or the World Happiness Report, there is a strong overlap - 14 of the 20 countries on this list are also ranked among the 20 happiest countries in 2024, and all 20 have "very high" HDIs. Misleading metrics? GDP per capita figures, however, can be misleading, and to paint a fuller picture of a country's living standards then one must look at multiple metrics. GDP per capita figures can be skewed by inequalities in wealth distribution, and in countries such as those in the Middle East, a relatively large share of the population lives in poverty while a smaller number live affluent lifestyles.

Key information about Canada Gross National Product (GNP)

• Canada Gross National Product (GNP) was reported at 561.858 USD bn in Dec 2024.
• This records a decrease from the previous number of 579.206 USD bn for Sep 2024.
• Canada Gross National Product (GNP) data is updated quarterly, averaging 142.793 USD bn from Mar 1961 to Dec 2024, with 256 observations.
• The data reached an all-time high of 579.206 USD bn in Sep 2024 and a record low of 9.399 USD bn in Mar 1961.

Related information about Canada Gross National Product (GNP) data

• Canada Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts quarterly Gross National Product into USD. Statistics Canada provides Gross National Product. Federal Reserve Board average market exchange rate is used for currency conversions.

Key information about Canada Foreign Direct Investment: % of GDP

• Canada Foreign Direct Investment (FDI) registered a growth equal to 3.5 % of the country's Nominal GDP in Dec 2024, compared with a growth equal to 3.4 % in the previous quarter.
• Canada Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 1961 to Dec 2024.
• The data reached an all-time high of 17.6 % in Dec 2000 and a record low -2.6 % in Jun 2004.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from quarterly Foreign Direct Investment and quarterly Nominal GDP. Statistics Canada provides Foreign Direct Investment in local currency based on BPM6 and Nominal GDP in local currency based on CSNA 2012/SNA 2008. Foreign Direct Investment as % of Nominal GDP prior to Q1 1981 is calculated from Foreign Direct Investments based on BPM5.


Related information about Canada Foreign Direct Investment: % of GDP

• In the latest reports of Canada, Current Account recorded a deficit of 4.6 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 20.0 USD bn in Dec 2024.
• Canada Direct Investment Abroad expanded by 28.5 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 35.6 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 520.3 USD bn in Mar 2023.

The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in the United States amounted to around 85,812.18 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide. See the U.S. GDP growth rate here and the US GDP for further information. For comparison, per capita GDP in China had reached about 5,553 U.S. dollars in 2011. Gross domestic product of the United States The gross domestic product (GDP) of a country is an economic key figure, as it represents the market value of goods and services produced in a country within one year. The United States’ GDP) is increasing consistently, and it is expected to continue growing. On a global scale, the U.S. share of GDP adjusted for Purchasing Power Parity has been in the range of 20 percent over the last few years, give or take a few percentage points. The United States has the largest GDP worldwide, with a significant lead over China, Japan and Germany. Gross domestic product per capita is annual GDP divided by the average population from the same year, which allows for a GDP calculation per inhabitant of a country. Thus, a country with a high GDP, like the United States, can still have a low GDP per capita. Consequently, if compared to other countries, the United States does not rank among the top ten on this list .