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.

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 growth rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, Canada’s real GDP growth was around 1.25 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.

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 (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 GDP Nowcast: saar: YoY: Next Quarter data was reported at 2.595 % in 10 Mar 2025. This records a decrease from the previous number of 2.619 % for 03 Mar 2025. Canada GDP Nowcast: saar: YoY: Next Quarter data is updated weekly, averaging 2.382 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 9.489 % in 28 Jun 2021 and a record low of -8.491 % in 24 Aug 2020. Canada GDP Nowcast: saar: YoY: Next 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).

Canada GDP Nowcast: saar: YoY: Contribution: Production: Manufacturing: Unfilled Orders: sa data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Canada GDP Nowcast: saar: YoY: Contribution: Production: Manufacturing: Unfilled Orders: sa data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 0.010 % in 31 Aug 2020 and a record low of 0.000 % in 10 Mar 2025. Canada GDP Nowcast: saar: YoY: Contribution: Production: Manufacturing: Unfilled Orders: sa 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).

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.

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

Canada CA: Contribution to Growth in Real GDP: Net Exports data was reported at -0.000 % in 2026. This records an increase from the previous number of -0.001 % for 2025. Canada CA: Contribution to Growth in Real GDP: Net Exports data is updated yearly, averaging -0.001 % from Dec 1962 (Median) to 2026, with 65 observations. The data reached an all-time high of 0.037 % in 1982 and a record low of -0.031 % in 1974. Canada CA: Contribution to Growth in Real GDP: Net Exports 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: Annual. CQ_FBGSV-Net exports, contribution to growth in real GDP

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

Canada GDP Nowcast: saar: YoY: Contribution: Equity Market: TSX Group: Index: S&P/TSX Capped Composite Index data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Canada GDP Nowcast: saar: YoY: Contribution: Equity Market: TSX Group: Index: S&P/TSX Capped Composite Index data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 0.000 % in 10 Mar 2025 and a record low of 0.000 % in 10 Mar 2025. Canada GDP Nowcast: saar: YoY: Contribution: Equity Market: TSX Group: Index: S&P/TSX Capped Composite Index 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).

This table contains 11 series, with data for years 1926 - 1960 (not all combinations necessarily have data for all years), and was last released on 2009-01-21. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Income-based estimates (11 items: Gross domestic product (GDP) at market prices; Net domestic income at factor cost; Wages; salaries and supplementary labour income; Corporation profits before taxes ...).

زاد معدل تضخم الناتج المحلي الإجمالي في كندا إلى 128.20 نقطة في الربع الرابع من عام 2024 من 127.10 نقطة في الربع الثالث من عام 2024. القيم الحالية، والبيانات التاريخية، والتنبؤات والإحصاءات والرسوم البيانية والتقويم الاقتصادي - كندا - مخفض الناتج المحلي الإجمالي.

Canada GDP Nowcast: saar: YoY: Contribution: Trade Statistics: Exports: BoP: United States data was reported at 0.000 % in 03 Mar 2025. This stayed constant from the previous number of 0.000 % for 24 Feb 2025. Canada GDP Nowcast: saar: YoY: Contribution: Trade Statistics: Exports: BoP: United States data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 03 Mar 2025, with 322 observations. The data reached an all-time high of 13.232 % in 13 Feb 2023 and a record low of 0.000 % in 03 Mar 2025. Canada GDP Nowcast: saar: YoY: Contribution: Trade Statistics: Exports: BoP: United States 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).

The statistic shows the gross domestic product (GDP) at basic prices for the Canadian textile, clothing and leather product manufacturing industry between January 2015 and August 2023. In August 2023, the GDP for the textile, clothing and leather product manufacturing sector stood at around 2.15 billion Canadian dollars.

If Trump's proposed tariffs are imposed on Mexico, Canada, and China, the United States' federal tax revenue would increase by an estimated 106 billion U.S. dollars, making up about 0.35 percent of the nation's GDP.

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 .