The Gross Domestic Product (GDP) in Canada was worth 2142.47 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Canada represents 2.03 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 (GDP) in Canada from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product in Canada was around 2.14 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 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, PPP (current international $) in Canada was reported at 2542963182454 USD in 2023, 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 March of 2025.

Canada CA: Gross Domestic Product (GDP): Value: 2015 Exchange Rates: USD data was reported at 2,482.866 USD bn in Dec 2025. This records an increase from the previous number of 2,455.981 USD bn for Sep 2025. Canada CA: Gross Domestic Product (GDP): Value: 2015 Exchange Rates: USD data is updated quarterly, averaging 585.654 USD bn from Mar 1961 (Median) to Dec 2025, with 260 observations. The data reached an all-time high of 2,482.866 USD bn in Dec 2025 and a record low of 31.800 USD bn in Mar 1961. Canada CA: Gross Domestic Product (GDP): Value: 2015 Exchange Rates: USD 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 by Expenditure: Forecast: OECD Member: Quarterly. GDP_USD - Gross domestic product, nominal value, constant exchange rates OECD calculation, see OECD Economic Outlook database documentation

This statistic shows a comparison of gross domestic product (GDP) of Canada and the United States from 2019 to 2029 in billion U.S. dollars. In 2023, GDP of Canada amounted to about 2.89 trillion U.S. dollars and GDP of the United States amounted to about 27.72 trillion U.S. dollars. Thus, aggregated GDP for North America came to about 30.61 trillion U.S. dollars that year.

GDP, PPP (constant 2017 international $) in Canada was reported at 2273018407586 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - GDP, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Canada GDP for 2023 was 2.140 trillion US dollars, a 0.99% decline from 2022.

• Canada GDP for 2022 was 2.161 trillion US dollars, a 7.67% increase from 2021.
• Canada GDP for 2021 was 2.007 trillion US dollars, a 21.25% increase from 2020.
• Canada GDP for 2020 was 1.656 trillion US dollars, a 5.05% decline from 2019.

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: Deflator: Exports of Goods and Services: USD data was reported at 1.353 Index, 2017 in Dec 2025. This records an increase from the previous number of 1.347 Index, 2017 for Sep 2025. Canada GDP: Deflator: Exports of Goods and Services: USD data is updated quarterly, averaging 0.734 Index, 2017 from Mar 1961 (Median) to Dec 2025, with 260 observations. The data reached an all-time high of 1.469 Index, 2017 in Jun 2022 and a record low of 0.169 Index, 2017 in Jun 1962. Canada GDP: Deflator: Exports of Goods and Services: USD 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: Deflator: Forecast: OECD Member: Quarterly. PXGSD - Exports of goods and services in USD, deflator (national accounts basis)Index, OECD reference year

Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data was reported at 0.000 USD bn in 2026. This records an increase from the previous number of 0.000 USD bn for 2025. Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD data is updated yearly, averaging 0.000 USD bn from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 0.000 USD bn in 2022 and a record low of 0.000 USD bn in 1970. Ref. Year = 2021: Real Gross Domestic Product: Per Capita: PPP: USD 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.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, (dollars x 1,000,000), monthly, 5 most recent time periods.

GDP: Deflator: Imports of Goods and Services: USD data was reported at 1.224 Index, 2017 in Dec 2025. This records an increase from the previous number of 1.218 Index, 2017 for Sep 2025. GDP: Deflator: Imports of Goods and Services: USD data is updated quarterly, averaging 0.836 Index, 2017 from Mar 1975 (Median) to Dec 2025, with 204 observations. The data reached an all-time high of 1.224 Index, 2017 in Dec 2025 and a record low of 0.437 Index, 2017 in Mar 1975. GDP: Deflator: Imports of Goods and Services: USD 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: Deflator: Forecast: OECD Member: Quarterly. PMGSD - Imports of goods and services in USD, deflator (national accounts basis)Index, OECD reference year OECD calculation, see OECD Economic Outlook database documentation

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 four are in Asia, alongside the U.S., Canada, 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.

The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product per capita in the United States amounted to around 81,632.25 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 .

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in chained and current dollars, growth rate.

The statistic shows Mexico’s GDP from 1987 to 2023, with projections up until 2029. In 2023, Mexico’s GDP amounted to approximately 1.79 trillion U.S. dollars.

Economy of Mexico

GDP is an indicator primarily used to gauge the state and health of a national economy. GDP is the total market value of all final goods and services that have been produced within national borders in a given period of time, usually a year. GDP gives us an insight into a country’s economic development over a period of time, how its development fits in with international shifts and how it is affected by the factors that affect market economies.

The demand among some segments of the Chinese workforce for fairer payment, coupled with higher transportations costs, have been key factors in increasing the competitiveness of Mexican manufacturing, with some suggestions being made that it is already cheaper than China for the many industries that serve the lucrative United States market. The Mexican economy is, however, far from trouble-free. And although the gross domestic product in Mexico has been increasing, it is showing that it is struggling to match up to the fast pace of growth and prosperity being seen in some of the BRIC countries, as well as the usual suspects of economic success, the United States, Canada and others.

Inequality in Mexico remains a huge problem. The education system in the federation’s thirty-one states is in dire need of reform, and in some of the states, especially in those closest to the US border, brutal criminal drug lords'rule. It is important for Mexicans that they embrace the opportunity that they find themselves presented with at present and harness the energy of their large population , the newly arrived foreigners and their educated youth, in order to provide the country with the future prosperity that it most desperately needs.

Key information about Canada Government Debt: % of GDP

• Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
• Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Canada Government Debt: % of GDP

• In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
• The country's Nominal GDP reached 520.3 USD bn in Mar 2023.

Key information about Canada Total Exports to USA

• Canada Total Exports to USA recorded 40.444 USD bn in Jan 2025, compared with 38.009 USD bn in the previous Dec 2024
• Canada Total Exports to USA data is updated monthly, available from Jan 1988 to Jan 2025, with an averaged value of 23.398 USD bn
• The data reached an all-time high of 41.639 USD bn in Jun 2022 and a record low of 6.715 USD bn in Jan 1988

CEIC converts monthly Total Exports to USA into USD. Statistics Canada provides Total Exports to USA, FOB, in local currency. Federal Reserve Board average market exchange rate is used for currency conversion. Total Exports to USA prior to January 1997 is based on old classification of data.

In 2024, the United States had the largest economy in the world, with a gross domestic product of just under 29 trillion U.S. dollars. China had the second largest economy, at around 18.5 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 Italy'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.

Money Supply M0 in Canada increased to 251190 CAD Million in January from 243244 CAD Million in December of 2024. This dataset provides - Canada Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.