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 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.

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.

In 2022, Canada's gross domestic product (GDP) might recover by 4.5 percent compared to the previous year. Similarly, an increase of around one percent has been projected for 2023.

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 (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.

CA: GDP: Growth: Double Hit Scenario data was reported at 6.033 % in Dec 2021. This records an increase from the previous number of 5.915 % for Sep 2021. CA: GDP: Growth: Double Hit Scenario data is updated quarterly, averaging 6.817 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 25.982 % in Dec 1973 and a record low of -41.162 % in Jun 2020. CA: GDP: Growth: 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: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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.

Canada CA: GDP: Growth: Deflator: Double Hit Scenario data was reported at 1.558 % in Dec 2021. This records an increase from the previous number of 1.354 % for Sep 2021. Canada CA: GDP: Growth: Deflator: Double Hit Scenario data is updated quarterly, averaging 3.245 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 17.550 % in Sep 1974 and a record low of -12.709 % in Dec 2008. Canada CA: GDP: Growth: Deflator: 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: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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.

The gross domestic product (GDP) of all G7 countries is forecast to grow over the next six years, although at different paces. Moreover, Canada is forecast to overtake Italy's GDP during the coming years. The total GDP of the United States, who has the highest GDP of the countries, is forecast to reach over ** trillion dollars by 2029.

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.

Monthly GDP MoM in Canada remained unchanged at -0.10 percent in May. This dataset includes a chart with historical data for Canada Monthly GDP MoM.

Canada CA: GDP: Growth: Deflator: Single Hit Scenario data was reported at 1.872 % in Dec 2021. This records an increase from the previous number of 1.669 % for Sep 2021. Canada CA: GDP: Growth: Deflator: Single Hit Scenario data is updated quarterly, averaging 3.245 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 17.550 % in Sep 1974 and a record low of -12.709 % in Dec 2008. Canada CA: GDP: Growth: Deflator: Single 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: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

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

GDP Growth Annualized in Canada increased to 2.20 percent in the first quarter of 2025 from 2.10 percent in the fourth quarter of 2024. This dataset provides - Canada Gdp Growth Annualized - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation data was reported at 2.498 % in Dec 2026. This records an increase from the previous number of 2.477 % for Sep 2026. Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation data is updated quarterly, averaging 3.550 % from Jun 1961 (Median) to Dec 2026, with 263 observations. The data reached an all-time high of 74.683 % in Sep 2020 and a record low of -42.797 % in Jun 2020. Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation 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: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. ITV_ANNPCT - Gross fixed capital formation, total, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Canada CA: GDP: Growth: Deflator data was reported at 1.801 % in Dec 2026. This records an increase from the previous number of 1.800 % for Sep 2026. Canada CA: GDP: Growth: Deflator data is updated quarterly, averaging 3.214 % from Jun 1961 (Median) to Dec 2026, with 263 observations. The data reached an all-time high of 17.178 % in Dec 1973 and a record low of -12.706 % in Dec 2008. Canada CA: GDP: Growth: Deflator 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: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

This statistic shows a forecast for the real GDP growth of Canadian metropolitan areas from 2017 to 2020. Vancouver's GDP is expected to grow by *** percent from 2017 to 2020.

Canada: Budget balance forecast, percent of GDP: The latest value from 2030 is -0.79 percent, an increase from -0.98 percent in 2029. In comparison, the world average is -2.33 percent, based on data from 81 countries. Historically, the average for Canada from 1980 to 2030 is -2.75 percent. The minimum value, -12.84 percent, was reached in 1981 while the maximum of 1.36 percent was recorded in 2000.