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.

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.

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.

This statistic shows the Gross Domestic Product (GDP) of Canada in February 2024, distinguished by major industry. In February 2024, the construction industry of Canada contributed about 160.97 billion Canadian dollars to the total Canadian GDP.

Key information about Canada Nominal GDP Growth

• Canada Nominal GDP Growth was reported at 4.311 % in Sep 2024.
• This records a decrease from the previous number of 5.115 % for Jun 2024.
• Canada Nominal GDP Growth data is updated quarterly, averaging 6.510 % from Mar 1958 to Sep 2024, with 267 observations.
• The data reached an all-time high of 23.418 % in Jun 2021 and a record low of -12.831 % in Jun 2020.
• Canada Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Statistics Canada provides Nominal GDP in local currency. Nominal GDP prior to Q1 1962 is sourced from the International Monetary Fund.

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.

Gross Domestic Product (GDP) at basic prices, by North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, quarterly average.

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.

Graph and download economic data for Real Gross Domestic Product for Canada (NGDPRSAXDCCAQ) from Q1 1961 to Q1 2025 about Canada, real, and GDP.

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

<ul style='margin-top:20px;'>

<li>Canada GDP for 2022 was <strong>2.161 trillion US dollars</strong>, a <strong>7.67% increase</strong> from 2021.</li>
<li>Canada GDP for 2021 was <strong>2.007 trillion US dollars</strong>, a <strong>21.25% increase</strong> from 2020.</li>
<li>Canada GDP for 2020 was <strong>1.656 trillion US dollars</strong>, a <strong>5.05% decline</strong> from 2019.</li>
</ul>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.

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 44468.75 US dollars in 2023. 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.

Graph and download economic data for Nominal Gross Domestic Product for Canada (NGDPNSAXDCCAQ) from Q1 1961 to Q1 2025 about Canada and GDP.

GDP per capita growth (annual %) in Canada was reported at --1.6769 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Canada GDP per capita for 2023 was $53,431, a 3.74% decline from 2022.

<ul style='margin-top:20px;'>

<li>Canada GDP per capita for 2022 was <strong>$55,509</strong>, a <strong>5.74% increase</strong> from 2021.</li>
<li>Canada GDP per capita for 2021 was <strong>$52,497</strong>, a <strong>20.58% increase</strong> from 2020.</li>
<li>Canada GDP per capita for 2020 was <strong>$43,538</strong>, a <strong>6.07% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP 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.

Key information about Canada Private Consumption: % of GDP

• Canada Private Consumption accounted for 55.2 % of its Nominal GDP in Dec 2024, compared with a ratio of 54.2 % in the previous quarter.
• Canada Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1961 to Dec 2024, with an average share of 55.9 %.
• The data reached an all-time high of 65.6 % in Dec 1961 and a record low of 48.3 % in Sep 1974.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Private Consumption Expenditure is calculated as the sum of Household and NPISHs Consumption. Statistics Canada provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on CSNA 2012/SNA 2008.


Related information about Canada Private Consumption: % of GDP

• In the latest reports, Canada GDP expanded 2.2 % YoY in Mar 2023.
• Its Nominal GDP reached 520.3 USD bn in Mar 2023.
• Canada GDP Per Capita reached 54,090.1 USD in Jun 2022.
• Its Gross Savings Rate was measured at 25.2 % in Sep 2024.

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

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Canada (NAEXKP07CAA659S) from 1962 to 2024 about Canada, imports, goods, services, real, and GDP.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Canada amounted to approximately 1.34 percent. Between 1980 and 2024, the figure dropped by around 0.86 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the share will steadily decline by about 0.11 percentage points from 2024 to 2030.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

This statistic shows a comparison of gross domestic product (GDP) of Canada and the United States from 2020 to 2030 in billion U.S. dollars. In 2024, GDP of Canada amounted to about 2.24 trillion U.S. dollars and GDP of the United States amounted to about 29.18 trillion U.S. dollars. Thus, aggregated GDP for North America came to about 31.43 trillion U.S. dollars that year.