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.

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.

Contained within the 4th Edition (1974) of the Atlas of Canada is a set of three maps. The main map shows boundaries of economic regions, census divisions and census metropolitan areas as well as locations of urban centres with national employment offices as of 1961. The designation and labour force served for each centre is denoted. For each economic region the market index for 1961 is shown using a colour coding system. The second map shows populous places in Ontario and Quebec in greater detail (at a scale of 1:5 000 000). The third map shows Northern Canada at a scale of 1:30 000 000.

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.

In the fourth quarter of 2023, 16 percent of surveyed leaders felt optimistic about how the Canadian economy would perform over the following 12 months, an slight decrease of one percentage point from the second quarter of 2022.

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.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Gross National Product in Canada increased to 3088000 CAD Million in the fourth quarter of 2024 from 3043592 CAD Million in the third quarter of 2024. This dataset provides - Canada Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Canada (CANHOUREAQISMEI) from Q1 1955 to Q3 2024 about Canada, earnings, hours, and manufacturing.

This dataset contains estimates of power generation and economic breakevens for solar-power projects at various scales and installation costs in most communities in Canada.

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.

Canada CA: GDP: % of Manufacturing: Textiles and Clothing data was reported at 1.062 % in 2022. This records a decrease from the previous number of 1.074 % for 2021. Canada CA: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 4.649 % from Dec 1963 (Median) to 2022, with 60 observations. The data reached an all-time high of 9.317 % in 1963 and a record low of 1.062 % in 2022. Canada CA: GDP: % of Manufacturing: Textiles and Clothing 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: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;

This table contains experimental indexes of monthly provincial and territorial economic activity from January, 2002 to the present. The indexes are seasonally adjusted.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Canada from 2010 to 2020. In 2020, agriculture contributed around 1.84 percent to the GDP of Canada, 22.45 percent came from the industry and 69.56 percent from the service sector.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Wealth and its subcomponent distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, regions and provinces, annual 2010 to 2019 and quarterly starting 2020.

Here is a selection of map services from Statistics Canada displaying socio-economic variables as thematic maps, viewed by census subdivision. This selection covers the following themes: families and households, housing, education, language, income, immigration, aboriginal people, age and transport. Census subdivision (CSD) is the general term for municipalities (as determined by provincial/territorial legislation) or areas treated as municipal equivalents for statistical purposes (e.g., Indian reserves, Indian settlements and unorganized territories). Municipal status is defined by laws in effect in each province and territory in Canada. NOTE: Services by theme may not all be listed in the Related Products section below as they are added individually only once available for publication.

Canada CA: Potential Output of Total Economy: Volume data was reported at 2,480.871 CAD bn in 2026. This records an increase from the previous number of 2,446.565 CAD bn for 2025. Canada CA: Potential Output of Total Economy: Volume data is updated yearly, averaging 1,717.527 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 2,480.871 CAD bn in 2026 and a record low of 1,011.824 CAD bn in 1985. Canada CA: Potential Output of Total Economy: Volume 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: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

Canada CA: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: South Asia data was reported at 1.363 % in 2020. This records a decrease from the previous number of 1.386 % for 2019. Canada CA: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: South Asia data is updated yearly, averaging 0.464 % from Dec 1960 (Median) to 2020, with 61 observations. The data reached an all-time high of 1.386 % in 2019 and a record low of 0.183 % in 1981. Canada CA: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: South Asia 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: Imports. Merchandise imports from low- and middle-income economies in South Asia are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the South Asia region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.;World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.;Weighted average;