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.

This statistic shows the Gross Domestic Product (GDP) of Canada in June 2025, distinguished by major industry. In June 2025, the construction industry of Canada contributed about 167.5 Canadian dollars to the total Canadian GDP.

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 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.

The statistic shows the gross domestic product (GDP) per capita in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in Canada was around 54,473.19 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.

The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the third 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 Gross Domestic Product (GDP) in Canada expanded 1.40 percent in the third 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.

Key information about Canada GDP Per Capita

• Canada Gross Domestic Product (GDP) per Capita reached 54,104.301 USD in Jun 2022, compared with 48,179.034 USD in Jun 2021.
• Canada GDP Per Capita data is updated yearly, available from Jun 1971 to Jun 2022, with an average number of 21,530.588 USD.
• The data reached an all-time high of 54,104.301 USD in Jun 2022 and a record low of 4,312.333 in Jun 1971.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Statistics Canada provides Nominal GDP in local currency and Population. Federal Reserve Board average market exchange rate is used for currency conversions. Mid-Year Population is used in the calculation of GDP per Capita. GDP per Capita is in annual frequency, ending in June of each year.

Related information about Canada GDP Per Capita data

• In the latest reports, Canada GDP expanded 2.074 % YoY in Dec 2022.
• Canada Nominal GDP reached 513.543 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 4.199 % in Dec 2022.
• Gross Savings Rate of Canada was measured at 23.371 % in Dec 2022.

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 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.

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.

Explore the World Competitiveness Ranking dataset for 2016, including key indicators such as GDP per capita, fixed telephone tariffs, and pension funding. Discover insights on social cohesion, scientific research, and digital transformation in various countries.

Social cohesion, The image abroad of your country encourages business development, Scientific articles published by origin of author, International Telecommunication Union, World Telecommunication/ICT Indicators database, Data reproduced with the kind permission of ITU, National sources, Fixed telephone tariffs, GDP (PPP) per capita, Overall, Exports of goods - growth, Pension funding is adequately addressed for the future, Companies are very good at using big data and analytics to support decision-making, Gross fixed capital formation - real growth, Economic Performance, Scientific research legislation, Percentage of GDP, Health infrastructure meets the needs of society, Estimates based on preliminary data for the most recent year., Singapore: including re-exports., Value, Laws relating to scientific research do encourage innovation, % of GDP, Gross Domestic Product (GDP), Health Infrastructure, Digital transformation in companies is generally well understood, Industrial disputes, EE, Female / male ratio, State ownership of enterprises, Total expenditure on R&D (%), Score, Colombia, Estimates for the most recent year., Percentage change, based on US$ values, Number of listed domestic companies, Tax evasion is not a threat to your economy, Scientific articles, Tax evasion, % change, Use of big data and analytics, National sources, Disposable Income, Equal opportunity, Listed domestic companies, Government budget surplus/deficit (%), Pension funding, US$ per capita at purchasing power parity, Estimates; US$ per capita at purchasing power parity, Image abroad or branding, Equal opportunity legislation in your economy encourages economic development, Number, Article counts are from a selection of journals, books, and conference proceedings in S&E from Scopus. Articles are classified by their year of publication and are assigned to a region/country/economy on the basis of the institutional address(es) listed in the article. Articles are credited on a fractional-count basis. The sum of the countries/economies may not add to the world total because of rounding. Some publications have incomplete address information for coauthored publications in the Scopus database. The unassigned category count is the sum of fractional counts for publications that cannot be assigned to a country or economy. Hong Kong: research output items by the higher education institutions funded by the University Grants Committee only., State ownership of enterprises is not a threat to business activities, Protectionism does not impair the conduct of your business, Digital transformation in companies, Total final energy consumption per capita, Social cohesion is high, Rank, MTOE per capita, Percentage change, based on constant prices, US$ billions, National sources, World Trade Organization Statistics database, Rank, Score, Value, World Rankings

Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Kingdom, Venezuela

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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.

The average for 2024 based on 7 countries was 57316 U.S. dollars. The highest value was in the USA: 75492 U.S. dollars and the lowest value was in Japan: 46097 U.S. dollars. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.

The average for 2023 based on 7 countries was 6.42 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Canada: 2.06 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Since 2003, the World Bank publishes the Ease of Doing Business (EDB) Index aimed at measuring the regulatory efficiency and institutional quality of key processes that affect the business environment in a given economy. While highly influential, particularly in the developing world, the EDB has also been faced with criticism and at times controversies. In 2020, the World Bank decided to interrupt temporarily the publication of the EDB report as a result of an audit that revealed politically motivated manipulation of EDB rankings. Over time, Canada’s relative rankings fell from 4th in 2007 to 23rd in 2020 with no significant changes in its business environments or policies. Canada’s rank fall can only be partially explained as other economies such as Georgia and Mauritius surpassed Canada with higher overall rankings. To understand the underlying causes of Canada’s rank declining, the Office of the Chief Economist (OCE) commissioned a study to look at Canada’s performance in all 10 areas of the EDB Index. The study also looked at other competitiveness and economic freedom indices (e.g. IMD World Competitiveness Index, World Economic Forum Global Competitiveness report and the Fraser Institute Index of Economic Freedom) and found no such decline in Canada`s performance.

The GDP per capita overall increased in all seven G7 countries since 2000 except *****. There, it fluctuated over the period, being only slightly higher in 2024 than in 2000. The ************* had the highest GDP per capita of the countries at over ****** dollars in terms of purchasing-power-parity (PPP). ******* had the second highest GDP per capita.

This statistic shows the real gross domestic product of Canadian metropolitan areas in 2016 with a forecast for 2021. In 2016, Montreal had a GDP of about *** billion Canadian dollars.

Canada GOI: Weighted Rank data was reported at 13.000 NA in 2019. This records a decrease from the previous number of 15.000 NA for 2018. Canada GOI: Weighted Rank data is updated yearly, averaging 15.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 16.000 NA in 2017 and a record low of 13.000 NA in 2019. Canada GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Canada – Table CA.Milken: Global Oportunity Index.

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.