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.

Full Year GDP Growth in Canada increased to 1.60 percent in 2024 from 1.25 percent in 2023. This dataset includes a chart with historical data for Canada Full Year Gdp Growth.

Monthly GDP MoM in Canada decreased to -0.30 percent in October from 0.20 percent in September of 2025. This dataset includes a chart with historical data for Canada Monthly GDP MoM.

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

View monthly updates and historical trends for Canada Real GDP. Source: Statistics Canada. Track economic data with YCharts analytics.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Canada (CANGDPNADSMEI) from 1961 to 2022 about Canada, GDP, and price.

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.

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

Economic growth, quarterly in Canada, September, 2025 The most recent value is 0.64 percent as of Q3 2025, an increase compared to the previous value of -0.47 percent. Historically, the average for Canada from Q2 1961 to Q3 2025 is 0.76 percent. The minimum of -11 percent was recorded in Q2 2020, while the maximum of 9.08 percent was reached in Q3 2020. | TheGlobalEconomy.com

This table contains 114 series, with data for years 1919 - 1971 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Industry (114 items: Real domestic product; Agriculture; Forestry; Fishing and trapping; ...).

Key information about Canada Nominal GDP

• Canada Nominal GDP reached 590.9 USD bn in Sep 2025, compared with 579.7 USD bn in the previous quarter.
• Nominal GDP in Canada is updated quarterly, available from Mar 1957 to Sep 2025, with an average number of 152.6 USD bn.
• The data reached an all-time high of 590.9 USD bn in Sep 2025 and a record low of 8.8 USD bn in Mar 1958.

CEIC converts quarterly de-annualised Nominal GDP into USD. Statistics Canada provides annualised Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1961 is sourced from the International Monetary Fund.


Related information about Canada Nominal GDP

• In the latest reports, Canada GDP expanded 1.4 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.5 % in Sep 2025.
• Canada GDP Per Capita reached 54,733.5 USD in Jun 2025.
• Its Gross Savings Rate was measured at 25.0 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 26.7 % in Sep 2025.
• Public Consumption accounted for 20.5 % in Sep 2025.
• Private Consumption accounted for 54.5 % in Sep 2025.

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.

GDP Growth Annualized in Canada increased to 2.60 percent in the third quarter of 2025 from -1.80 percent in the second quarter of 2025. This dataset provides - Canada Gdp Growth Annualized - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada CA: GDP: Growth: Adjusted Net National Income per Capita data was reported at 8.279 % in 2021. This records an increase from the previous number of -8.393 % for 2020. Canada CA: GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 1.884 % from Dec 1971 (Median) to 2021, with 51 observations. The data reached an all-time high of 8.279 % in 2021 and a record low of -8.393 % in 2020. Canada CA: GDP: Growth: Adjusted Net National Income 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: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

Historical dataset showing Canada gdp growth rate by year from 1961 to 2023.

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.;;

GDP, billion currency units in Canada, September, 2025 The most recent value is 846.09 billion Canadian Dollar as of Q3 2025, an increase compared to the previous value of 789.71 billion Canadian Dollar. Historically, the average for Canada from Q1 1961 to Q3 2025 is 251.34 billion Canadian Dollar. The minimum of 9.51 billion Canadian Dollar was recorded in Q1 1961, while the maximum of 846.09 billion Canadian Dollar was reached in Q3 2025. | TheGlobalEconomy.com

Canada: Government spending as percent of GDP: The latest value from 2023 is 20.91 percent, an increase from 20.42 percent in 2022. In comparison, the world average is 16.14 percent, based on data from 156 countries. Historically, the average for Canada from 1961 to 2023 is 20.59 percent. The minimum value, 15.96 percent, was reached in 1965 while the maximum of 24.44 percent was recorded in 1992.

Vintages of releases of gross domestic product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by industry, volume measures, monthly.

Canada: Imports of goods and services as percent of GDP: The latest value from 2024 is 32.72 percent, a decline from 33.28 percent in 2023. In comparison, the world average is 47.65 percent, based on data from 134 countries. Historically, the average for Canada from 1961 to 2024 is 27.89 percent. The minimum value, 17.4 percent, was reached in 1963 while the maximum of 38.56 percent was recorded in 2000.