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 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 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.

According to a survey conducted in May 2023 in Canada, around 58 percent of the youth described the state of the country's economy as poor or even very poor. Older generations tended to think alike, with 53 percent of the 55 and older who believed the same.

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.

Data on the activities of Canadian and foreign multinational enterprises in Canada, for example the number of jobs, assets, operating revenues, international merchandise trade or gross domestic product, as a share of the Canadian economy.

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

Read More

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.;;

Consumer Spending in Canada increased to 1394466 CAD Million in the fourth quarter of 2024 from 1375466 CAD Million in the third quarter of 2024. This dataset provides - Canada Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Utilities in Canada increased to 46282 CAD Million in December from 44205 CAD Million in November of 2024. This dataset provides - Canada Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Canadian Media Concentration Research (CMCR) project dataset offers an independent academic, empirical and data-driven analysis of a deceptively simple yet profoundly important question: have telecom, media and internet markets become more concentrated over time, or less? Media Ownership and Concentration is presented from more than a dozen sectors of the telecom-media-internet industries, including film, music and book industries.

Discover how a surge in Canada's oil exports has driven its trade surplus with the US to heights not seen in years, emphasizing the significance of energy exports to the nation's economy.

High-Growth Firm – Based on list of all businesses in Canada included in Statistics Canada’s Business Register, a “high-growth firm” is an enterprise with average annualized growth greater than 20% per annum over a three-year period. That is, the total growth over a three-year period must be greater than 72.8%. For this indicator, growth has been measured by revenue (though it can also be measured by growth in employment). High-growth enterprises are required to have at least 10 employees at the start of the three-year period, and are also required to be at least four years old.

Key information about Canada Foreign Direct Investment: % of GDP

• Canada Foreign Direct Investment (FDI) registered a growth equal to 3.5 % of the country's Nominal GDP in Dec 2024, compared with a growth equal to 3.4 % in the previous quarter.
• Canada Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 1961 to Dec 2024.
• The data reached an all-time high of 17.6 % in Dec 2000 and a record low -2.6 % in Jun 2004.

• In the latest reports of Canada, Current Account recorded a deficit of 4.6 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 20.0 USD bn in Dec 2024.
• Canada Direct Investment Abroad expanded by 28.5 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 35.6 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 520.3 USD bn in Mar 2023.

Canada CA: Trade Balance: USD: All Services: Other Business Services data was reported at 1.727 USD bn in 2023. This records a decrease from the previous number of 2.604 USD bn for 2022. Canada CA: Trade Balance: USD: All Services: Other Business Services data is updated yearly, averaging -411.900 USD mn from Dec 1969 (Median) to 2023, with 55 observations. The data reached an all-time high of 7.475 USD bn in 2013 and a record low of -1.598 USD bn in 1980. Canada CA: Trade Balance: USD: All Services: Other Business Services 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.TISP: Trade in Services: Trade Balance: USD: by Services: OECD Member: Annual. MSITS 2010 coverage of other business services is identical to that of BPM6, although with a greater disaggregation. EBOPS 2010 identifies three sub-components: research and development services, professional and management consulting services and technical, trade-related and other business services. Within these three sub-components, a number of further breakdowns are suggested.

The total population in Canada was estimated at 41.5 million people in 2024, according to the latest census figures and projections from Trading Economics. This dataset provides - Canada Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The data and programs replicate tables and figures from "Neutral Rate of Interest in a Small Open Economy: The Case of Canada", by Kuncl and Matveev. Please see the ReadMe file for additional details.

Replication data and code for peer-reviewed article forthcoming in Canadian Journal of Economics. Paper to be published online 2025.

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.